133 8Th AveHomestead, PA 15120

Property Details for 133 8Th Ave

Lot size

0.53 AC

Property type

Retail properties

Property subtype

Drug stores

APN

130-N-319

APU

130N319

Description

This exceptional 14,550-square-foot retail property located at 133 W 8th Avenue in Homestead, Pennsylvania, presents a unique investment opportunity. The single-tenant building boasts a prominent street presence on W 8th Avenue, ensuring high visibility and accessibility for potential businesses. The entire 14,550 square feet is currently vacant, offering a blank canvas for a wide range of retail concepts. A significant advantage is the inclusion of a large private parking lot, providing ample and convenient parking for customers and employees. The property's strategic location within Homestead places it in close proximity to a number of established national retailers, including Aldi, P.F. Chang's, Longhorn Steakhouse, and Costco, creating a strong retail environment and potentially attracting a high volume of foot traffic. The building is a single-story structure, offering easy navigation and accessibility. This property is ideal for a business seeking a substantial, well-located space with excellent visibility and ample parking in a thriving retail area. The zip code is 15120. The property is classified as retail and is available for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $8,082,114

  6.5%

  $7,460,413

  7%

  $6,927,526

• Comparable approach

  Method

  Valuation

  Relative Method

  $11,638,907

  Geo Method

  $11,638,907

• Alternative Use

  Use

  Valuation

  Residential

  $6,293,138

  Hospitality

  $5,764,480

  Educational

  $4,795,980

  Medical

  $4,960,921

  Retail

  $7,460,413

Location Insight

City

Homestead

County

Allegheny

State

Pennsylvania

Latitude

40.4057

Longitude

-79.9131

CBSA code

38300

CBSA name

PITTSBURGH, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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