307 Freeport RdBlawnox, PA 15238

Property Details for 307 Freeport Rd

Lot size

0.08 AC

Property type

Investment properties

Property subtype

Live-work space

APN

122-D-161

APU

122D161

Description

This exceptional multi-use commercial property at 307 Freeport Rd, Blawnox, PA, presents a compelling investment opportunity for both owner-users and investors. Priced at $610,000, this 0.12-acre corner lot boasts a prime location offering easy access to Route 28, Lawrenceville, Fox Chapel, Downtown Pittsburgh, and the Pennsylvania Turnpike, ensuring high visibility and convenient access for clientele. The main floor, previously utilized as a doctor's office, comprises a spacious waiting room, a versatile office area, two bathrooms, and several adaptable suites. Its original configuration as two storefronts allows for easy redivision, making it perfectly suited for a variety of retail, office, or service-based businesses. Adding to its income-generating potential, the upper level features two fully occupied apartments, providing a consistent rental income stream. Further enhancing the property's functionality are a private parking lot accommodating five vehicles and a concrete patio. This versatile property offers a unique blend of commercial and residential income streams, making it an attractive proposition for discerning investors seeking a strong return on investment in a highly desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $799,560

  6.5%

  $738,055

  7%

  $685,337

• Comparable approach

  Method

  Valuation

  Relative Method

  $562,990

  Geo Method

  $699,790

• Alternative Use

  Use

  Valuation

  Residential

  $915,189

  Hospitality

  $838,308

  Educational

  $697,462

  Medical

  $721,449

  Retail

  $1,084,941

Location Insight

City

Aspinwall

County

Allegheny

State

Pennsylvania

Latitude

40.4896

Longitude

-79.903

CBSA code

38300

CBSA name

PITTSBURGH, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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