232 3Rd AveCarnegie, PA 15106

Property Details for 232 3Rd Ave

Lot size

0.03 AC

Property type

Investment properties

Property subtype

Live-work space

APN

102-C-6

APU

102C6

Description

This impeccably maintained brick building at 232 3rd Avenue in Carnegie, Pennsylvania, presents a unique owner-user opportunity. The 4,200 square foot storefront boasts a main floor currently configured with three conference rooms, a kitchenette, and an ADA-compliant restroom. Abundant natural light floods the space, complemented by neutral paint and flooring for easy customization. The second and third floors, each approximately 1400 square feet, offer separate entrances and balconies, and are zoned for commercial office or apartment use. These upper floors feature individual HVAC systems (approximately 8 years old on the first floor and 3 years old on the upper floors), 9-foot ceilings, and are wired for computer hookups. The property's location within Carnegie's thriving business district ensures high visibility and accessibility. This versatile space is ideal for a business owner seeking a blend of retail and office/residential space, or an investor looking for a strong rental income potential. The building is vacant, allowing for immediate occupancy and customization to suit your specific needs. This is a rare opportunity to acquire a well-maintained, multi-use property in a desirable location. The property is located in Allegheny County, PA, 15106.

• CAP approach

  CAP return

  Valuation

  6%

  $285,076

  6.5%

  $263,147

  7%

  $244,350

• Comparable approach

  Method

  Valuation

  Relative Method

  $140,216

  Geo Method

  $140,216

• Alternative Use

  Use

  Valuation

  Residential

  $326,302

  Hospitality

  $298,891

  Educational

  $248,674

  Medical

  $257,226

  Retail

  $386,826

Location Insight

City

Carnegie

County

Allegheny

State

Pennsylvania

Latitude

40.4041

Longitude

-80.0905

CBSA code

38300

CBSA name

PITTSBURGH, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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