201-205 Braddock AveBraddock, PA 15104

  • Mixed-use properties
  • 0.08 AC
For Sale
$149,900 View listing

Property Details for 201-205 Braddock Ave

Lot size
0.08 AC
Property type
Mixed-use properties
Property subtype
Other investment properties
APN
236-R-94
APU
236R94

Description

This exceptional commercial property at 201-205 Braddock Avenue in Braddock, PA, presents a unique investment opportunity. Situated on a prominent 0.08-acre lot, this building boasts three storefronts, one of which is currently generating rental income. The property offers immediate return on investment with the existing lease, while simultaneously providing significant upside potential. The building's roof was recently replaced within the last few years, eliminating a major capital expenditure for the foreseeable future. The second floor has been completely gutted, offering a blank slate for creative redevelopment. This versatile space is adaptable to a wide range of uses, from additional retail space or office suites to residential apartments, allowing for customization to meet specific business needs. The building's location on a main road ensures high visibility and significant foot traffic, making it ideal for retail businesses or professional services. This property represents a chance to capitalize on the revitalization of Braddock and become a part of its exciting future. The combination of existing income, a recently renovated roof, and the potential for significant development on the second floor makes this a truly compelling investment opportunity. Don't miss the chance to own this prime commercial property in a thriving community.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $797,572
    6.5%
    $736,221
    7%
    $683,633
  • Comparable approach

    Method
    Valuation
    Relative Method
    $669,999
    Geo Method
    $669,999
  • Alternative Use

    Use
    Valuation
    Residential
    $912,914
    Hospitality
    $836,224
    Educational
    $695,728
    Medical
    $719,656
    Retail
    $1,082,244
201-205 Braddock Ave, Braddock, Pennsylvania

Location Insight

City
Braddock
County
Allegheny
State
Pennsylvania
Latitude
40.4062
Longitude
-79.8732
CBSA code
38300
CBSA name
PITTSBURGH, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$2,307
$10,000
$41,400
$51,400
-
$10,000
$41,400
$51,400

FAQs

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