756 Airbrake AveWilmerding, PA 15148
- Retail properties
- 0.11 AC
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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