8000 University BlvdCarnot-Moon, PA 15108

Property Details for 8000 University Blvd

Lot size

0.89 AC

Property type

Retail properties

Property subtype

Auto shops

APN

698-R-64

APU

698R64

Description

This exceptional redevelopment opportunity presents a 3,500 square foot gas station situated on a 20,000 square foot lot in the thriving Carnot-Moon, Pennsylvania market. Currently boasting 100% occupancy with established tenants Starbucks and Express Oil, this Class C property offers significant upside potential for investors seeking a high-return redevelopment project. The property, built in 1980, is zoned C1 and features ample parking for 200 vehicles. Its strategic location next to a university, high school, and international airport ensures high visibility and consistent traffic flow, making it ideal for fast-food or other retail ventures. The asking price is $945,000, translating to $270 per square foot. This turnkey operation presents a rare chance to acquire a well-positioned asset with immediate income generation and substantial long-term growth prospects. The property is owned by Golden Oil and is being offered for sale by owner. This is a unique opportunity to capitalize on a prime location and established business in a rapidly growing area. The property's existing infrastructure and high traffic count provide a solid foundation for a successful redevelopment project.

• CAP approach

  CAP return

  Valuation

  6%

  $10,793,826

  6.5%

  $9,963,532

  7%

  $9,251,851

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,101,180

  Geo Method

  $9,101,180

• Alternative Use

  Use

  Valuation

  Residential

  $8,404,612

  Hospitality

  $7,698,580

  Educational

  $6,405,128

  Medical

  $6,625,410

  Retail

  $9,963,532

Location Insight

City

Coraopolis

County

Allegheny

State

Pennsylvania

Latitude

40.5127

Longitude

-80.2228

CBSA code

38300

CBSA name

PITTSBURGH, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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