1421 Freeport RdNatrona Heights, PA 15065
- Retail properties
- 2,256 SF
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 properties
- Property subtype
- 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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
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
Comparable in this City
Similar Nearby for Sale
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