201-205 Braddock AveBraddock, PA 15104
- Mixed-use properties
- 0.08 AC
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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