3140 Oregon DrLower Burrell, PA 15068

Property Details for 3140 Oregon Dr

Lot size

0.12 AC

Property type

Commercial real estate

APN

17-04-13-0-088

APU

1704130088

Description

This well-maintained apartment building in New Kensington, Pennsylvania, presents a compelling investment opportunity. Located at 3140 Oregon Dr, in Westmoreland County, this C2-zoned property boasts significant recent updates, enhancing its appeal and functionality. The building features a new roof (2021), updated electrical systems (2021), and a new furnace (2022), ensuring efficient and reliable operation. A large, newly paved parking lot (2021) provides ample space for tenants or patrons. Inside, the property includes a huge, open main room with new flooring (2024), perfect for various business uses. A kitchen area with recently updated cabinets (2023) is conveniently located off the main room. A large, private second room offers additional space, complemented by two restrooms. The property also benefits from a fenced-in side and backyard, adding to its versatility. The asking price is $180,000. This property's combination of recent renovations, ample parking, and flexible space makes it an ideal investment in a desirable Lower Burrell location. The property is zoned C2, offering a range of potential uses. This is a turnkey opportunity for an investor seeking a well-maintained, updated multifamily property with strong potential for return.

• CAP approach

  CAP return

  Valuation

  6%

  $1,300,910

  6.5%

  $1,200,840

  7%

  $1,115,060

• Comparable approach

  Method

  Valuation

  Relative Method

  $549,498

  Geo Method

  $1,075,680

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,281,870

  Retail / Commercial

  $1,186,240

  Mixed-Use / Specialty

  $1,194,710

  Hospitality / Lodging

  $893,050

  Office

  $1,200,840

  Institutional / Educational

  $1,246,550

  Residential Income

  $1,458,470

  Multifamily

  $1,678,820

  Automotive / Energy

  $1,068,470

  Parking / Income-Based Land

  $356,174

  Restaurant / Food Service

  $648,474

  Healthcare / Senior Housing

  $1,212,130

Location Insight

City

Lower Burrell

County

Westmoreland

State

Pennsylvania

Latitude

40.5853

Longitude

-79.7043

CBSA code

38300

CBSA name

PITTSBURGH, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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