201-205 Braddock AveBraddock, PA 15104

Property Details for 201-205 Braddock Ave

Lot size

0.08 AC

Property type

Investment properties

Property subtype

Live-work space

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.

• 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

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