1421 Freeport RdNatrona Heights, PA 15065

Property Details for 1421 Freeport Rd

Year built

1940

Construction

BRICK

Lot size

0.42 AC

Property size (Sq ft)

2,256 SF

Property type

Retail space

APN

1519-N-168

APU

1519N168

Description

This exceptional 7,457 square foot retail space is located in the heart of South Beach's Art Deco District, offering unparalleled visibility and foot traffic. Situated on the second floor of a two-story building at the corner of Collins Avenue, this single-tenant unit boasts a prominent street-facing display window, ensuring maximum exposure to the bustling area. The zoning designation is 6501. The property features a flexible layout, ideal for a variety of businesses, including offices or service industries. Its prime location places it within steps of Ocean Drive and is surrounded by a vibrant mix of hotels, restaurants, and other thriving businesses. The property is move-in ready and available to qualified tenants with approved credit. The application process is straightforward and efficient. This is a truly unique opportunity to establish a presence in one of South Beach's most sought-after locations. The APN is 02-32-34-008-0260. Please note that this is a single-tenant space in a building with a total of one suite.

• CAP approach

  CAP return

  Valuation

  6%

  $707,558

  6.5%

  $653,131

  7%

  $606,478

• Comparable approach

  Method

  Valuation

  Relative Method

  $580,662

  Geo Method

  $1,136,683

• Alternative Use

  Use

  Valuation

  Residential

  $550,940

  Hospitality

  $504,658

  Educational

  $419,870

  Medical

  $434,310

  Retail

  $653,131

Location Insight

City

Natrona Heights

County

Allegheny

State

Pennsylvania

Latitude

40.6193

Longitude

-79.7314

CBSA code

38300

CBSA name

PITTSBURGH, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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