951 Old Frankstown RdPlum, PA 15239

Property Details for 951 Old Frankstown Rd

Lot size

2.86 AC

Property type

Retail properties

Property subtype

Turn key restaurants

APN

1105-B-186

APU

1105B186

Description

This exceptional retail property, located at 951 Old Frankstown Road in Plum, Pennsylvania, presents a unique investment opportunity. Priced at $1,100,000, this 2.86-acre lot boasts a long-standing history as a restaurant, sports bar, and nightclub, complete with banquet facilities and a sizable outdoor deck. The property's versatile layout offers numerous possibilities for future uses, making it an attractive prospect for a variety of businesses. Its established infrastructure and turnkey nature significantly reduce the time and expense associated with start-up. The central location within Plum, Allegheny County, PA 15239 (40.4519259, -79.7271273) ensures high visibility and accessibility. The property's size and existing features provide ample space for expansion or modification to suit the needs of a new owner. This is a rare chance to acquire a well-established commercial property with significant potential for growth and profitability in a desirable location. The property is zoned for commercial use and is ready for immediate occupancy. Serious inquiries are encouraged to explore this exciting opportunity further. The property is classified as retail commercial.

• CAP approach

  CAP return

  Valuation

  6%

  $40,859,752

  6.5%

  $37,716,692

  7%

  $35,022,644

• Comparable approach

  Method

  Valuation

  Relative Method

  $44,266,400

  Geo Method

  $62,660,652

• Alternative Use

  Use

  Valuation

  Residential

  $31,815,442

  Hospitality

  $29,142,774

  Educational

  $24,246,446

  Medical

  $25,080,318

  Retail

  $37,716,692

Location Insight

City

Pittsburgh

County

Allegheny

State

Pennsylvania

Latitude

40.4521

Longitude

-79.7272

CBSA code

38300

CBSA name

PITTSBURGH, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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