616 Midland AveMidland, PA 15059

Property Details for 616 Midland Ave

Year built

1967

Lot size

0.06 AC

Property size (Sq ft)

3,414 SF

Property type

Banks

APN

33-005-0208.000

APU

330050208000

Description

This exceptional commercial property at 616 Midland Ave, Midland Boro, PA 15059, presents a unique investment opportunity. The 3,300-3,400 square foot building, formerly a bank, has undergone a complete renovation, boasting modern upgrades while retaining its classic charm. The brick structure features new flooring, furnaces, and electrical systems, ensuring efficient and comfortable operation. Abundant natural light floods the interior through large windows, creating a bright and inspiring workspace. The layout is versatile, offering ample space for various business needs. Upstairs, you'll find spacious offices, a conference room, and bathrooms on each floor. Downstairs includes three offices, a kitchen area, and substantial storage space. Convenient private parking is located at the rear of the building, supplemented by an additional lot enclosed by an attractive wrought iron fence, offering potential for outdoor use or expansion. This property is ideally situated in Midland, Pennsylvania, providing easy access to local amenities and transportation. The asking price is $229,000. This is a rare chance to acquire a move-in ready commercial building in a desirable location. Don't miss this opportunity to establish your business in a renovated, well-equipped space.

• CAP approach

  CAP return

  Valuation

  6%

  $954,419

  6.5%

  $881,002

  7%

  $818,074

• Comparable approach

  Method

  Valuation

  Relative Method

  $804,751

  Geo Method

  $804,751

• Alternative Use

  Use

  Valuation

  Residential

  $743,158

  Hospitality

  $680,729

  Educational

  $566,359

  Medical

  $585,837

  Retail

  $881,002

Location Insight

City

Midland

County

Beaver

State

Pennsylvania

Latitude

40.6382

Longitude

-80.4552

CBSA code

38300

CBSA name

PITTSBURGH, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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