756 Airbrake AveWilmerding, PA 15148

Property Details for 756 Airbrake Ave

Lot size

0.11 AC

Property type

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.

• 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

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