1802 Main StSharpsburg, PA 15215

Property Details for 1802 Main St

Lot size

0.04 AC

Property type

Mixed-use properties

Property subtype

Retail residential properties

APN

168-L-73

APU

168L73

Description

This exceptional investment opportunity presents a 0.04-acre lot at 1802 Main Street in Sharpsburg, Pennsylvania. The property consists of a completely gutted brick building, offering a blank canvas for a wide range of redevelopment projects. The structure is an "empty shell," meaning all interior components have been removed, eliminating demolition costs and expediting the renovation process. This presents significant cost savings for the buyer, allowing for a streamlined and efficient construction timeline. The building's brick exterior offers durability and character, providing a solid foundation for a new structure. The property's location on Main Street in Sharpsburg offers excellent visibility and accessibility, making it ideal for a variety of commercial uses. Given its size and location, this property is well-suited for a boutique retail space, a small office building, or a unique residential conversion, subject to local zoning regulations. The absence of existing interior structures allows for complete customization to meet the specific needs of the future owner. This is a rare opportunity to acquire a property in a desirable location with significant potential for value appreciation. The asking price of $110,000 reflects the significant cost savings associated with the existing "empty shell" condition. Serious inquiries are encouraged. Buyers are responsible for conducting their own due diligence regarding zoning and permitting requirements.

• CAP approach

  CAP return

  Valuation

  6%

  $485,249

  6.5%

  $447,922

  7%

  $415,927

• Comparable approach

  Method

  Valuation

  Relative Method

  $427,105

  Geo Method

  $530,871

• Alternative Use

  Use

  Valuation

  Residential

  $447,922

  Hospitality

  $410,294

  Educational

  $341,360

  Medical

  $353,100

  Retail

  $531,004

Location Insight

City

Pittsburgh

County

Allegheny

State

Pennsylvania

Latitude

40.4947

Longitude

-79.9215

CBSA code

38300

CBSA name

PITTSBURGH, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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