1170 Milltown RdVerona, PA 15147

Property Details for 1170 Milltown Rd

Lot size

0.33 AC

Property type

Retail properties

Property subtype

Other automotive properties

APN

632-C-307

APU

632C307

Description

This exceptional Verona, PA commercial property presents a unique investment opportunity. Located at 1170 Milltown Road, this property boasts a highly convenient location with easy access to major roadways, Routes 28 and 376. The sale includes approximately one-third of an acre of land, encompassing a main office building and a separate garage/storage building. The property previously served as a car dealership, but its versatile layout makes it ideal for a variety of uses, including various contracting businesses or retail ventures. High traffic counts are a key feature, with 7,000 vehicles passing daily and a substantial population base of 43,000 residents within a three-mile radius. This ensures excellent visibility and potential customer reach. The sale is for the buildings and land only

• CAP approach

  CAP return

  Valuation

  6%

  $4,616,552

  6.5%

  $4,261,432

  7%

  $3,957,044

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,407,252

  Geo Method

  $7,242,826

• Alternative Use

  Use

  Valuation

  Residential

  $3,594,677

  Hospitality

  $3,292,705

  Educational

  $2,739,492

  Medical

  $2,833,707

  Retail

  $4,261,432

Location Insight

City

Verona

County

Allegheny

State

Pennsylvania

Latitude

40.5

Longitude

-79.7906

CBSA code

38300

CBSA name

PITTSBURGH, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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