145 8Th AveHomestead, PA 15120

Property Details for 145 8Th Ave

Lot size

0.18 AC

Property type

Investment properties

Property subtype

Live-work space

APN

130-K-196

APU

130K196

Description

This exceptional commercial property, located at 145 E 8th Ave in Homestead, PA, presents a unique opportunity for a restaurant or brewery. Situated in a vibrant Allegheny County location, this 3,000+ square foot space is part of a larger 40,000 square foot building constructed in 1926. The property features one available unit on the first floor, ideal for a variety of food and beverage concepts. A significant advantage is the inclusion of a liquor license, available for use by the new tenant. The building boasts multiple tenants, creating a synergistic environment with established businesses such as Escape Room Pittsburgh and Ace Axe Throwing, ensuring high foot traffic and a lively atmosphere. Convenient public parking is located nearby, providing easy access for patrons. The space's size and amenities make it perfectly suited for a brewery or restaurant, offering ample room for dining, brewing operations, and customer seating. The building's historical charm combined with its modern accessibility makes this a truly exceptional investment opportunity. Lease rate is available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $1,847,198

  6.5%

  $1,705,105

  7%

  $1,583,312

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,551,734

  Geo Method

  $1,551,734

• Alternative Use

  Use

  Valuation

  Residential

  $2,114,331

  Hospitality

  $1,936,716

  Educational

  $1,611,325

  Medical

  $1,666,740

  Retail

  $2,506,505

Location Insight

City

Homestead

County

Allegheny

State

Pennsylvania

Latitude

40.4071

Longitude

-79.9113

CBSA code

38300

CBSA name

PITTSBURGH, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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