756 Airbrake AveWilmerding, PA 15148

  • Retail properties
  • 0.11 AC
For Sale
$250,000 View listing

Property Details for 756 Airbrake Ave

Lot size
0.11 AC
Property type
Retail properties
Property subtype
Retail space
APN
545-J-137
APU
545J137

Description

This exceptional investment opportunity presents two buildings situated on a single 0.1-acre parcel in Wilmerding, PA. The primary structure, constructed in 1998, boasts two ground-floor retail spaces and two unfinished, but framed and partially plumbed, two-bedroom apartments on the second floor. One retail space is a former takeout restaurant, the "Airbrake Grill," complete with a commercial kitchen and a code-compliant ANSUL hood system. The second retail space is unfinished but framed and partially plumbed for a potential coin-operated laundry. The apartments above also share this unfinished, yet framed and partially plumbed, state. A second building, located at 759 Middle Ave., is a three-bedroom brick residential property with an attached garage. This property is currently vacant. The combined properties offer significant potential for rental income generation. The address for the main building is 756 Airbrake Ave. The asking price for this unique dual-building investment is $250,000. This presents a rare chance to acquire a substantial property with considerable upside in a growing area. The existing infrastructure in both buildings provides a solid foundation for a savvy investor to complete renovations and maximize rental income. This is an ideal opportunity for an investor seeking a multi-faceted portfolio addition with immediate income potential.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,731,882
    6.5%
    $1,598,660
    7%
    $1,484,470
  • Comparable approach

    Method
    Valuation
    Relative Method
    $2,494,052
    Geo Method
    $2,494,052
  • Alternative Use

    Use
    Valuation
    Residential
    $1,348,530
    Hospitality
    $1,235,246
    Educational
    $1,027,710
    Medical
    $1,063,054
    Retail
    $1,598,660
756 Airbrake Ave, Wilmerding, Pennsylvania

Location Insight

City
Wilmerding
County
Allegheny
State
Pennsylvania
Latitude
40.3992
Longitude
-79.8144
CBSA code
38300
CBSA name
PITTSBURGH, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$5,141
$33,800
$81,200
$115,000
-
$33,800
$81,200
$115,000

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