602 Poplar WayCarnegie, PA 15106

Property Details for 602 Poplar Way

Year built

1900

Lot size

0.52 AC

Property type

Office buildings

APN

103-S-198

APU

103S198

Description

This stunning, historically significant Carnegie office building, situated on a desirable 0.52-acre lot at 602 Poplar Way, presents a unique investment opportunity. Completely remodeled with a contemporary open-plan design across three levels, this property boasts ample space perfect for a variety of professional uses. The building features a welcoming reception area, a spacious conference room, and abundant storage, including a unique "cave" area behind the structure. The property includes two parking areas providing parking for eight or more vehicles. Modern updates include a newer roof, downspouts, and gutters, as well as zoned heating and cooling systems with newer units. The building's exterior also includes a second-floor deck, offering an outdoor space for employees or clients. The interior is meticulously maintained and features contemporary finishes. All furniture (excluding artwork) is included in the sale. The C-2 zoning provides flexibility for various business ventures. This exceptional property is located in the heart of Carnegie, offering convenient access to local amenities and transportation. Its rich history as an underground railroad site adds to its unique character and appeal. The combination of historical charm, modern updates, and a prime location makes this a truly exceptional offering. Schedule a viewing today to experience this remarkable property firsthand.

• CAP approach

  CAP return

  Valuation

  6%

  $4,289,445

  6.5%

  $3,959,488

  7%

  $3,676,667

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,109,795

  Geo Method

  $2,109,795

• Alternative Use

  Use

  Valuation

  Residential

  $4,909,765

  Hospitality

  $4,497,318

  Educational

  $3,741,716

  Medical

  $3,870,399

  Retail

  $5,820,447

Location Insight

City

Carnegie

County

Allegheny

State

Pennsylvania

Latitude

40.4052

Longitude

-80.0844

CBSA code

38300

CBSA name

PITTSBURGH, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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