231 Main StClaysville, PA 15323

Property Details for 231 Main St

Lot size

0.26 AC

Property type

Investment properties

Property subtype

Live-work space

APN

180-005-00-03-0008-00

APU

1800050003000800

Description

This Claysville, PA property presents a compelling investment opportunity at $245,000. Situated on a 0.26-acre lot at 231 Main St., this retail building offers significant versatility. Currently configured with two upper-level apartments, fully leased, and a ground-floor unit previously used as an owner's office/business, this property boasts substantial income potential. The ground-floor space is easily adaptable, allowing for division into two separate units, ideal for additional rental income or to accommodate two distinct businesses. This flexibility caters to a wide range of investment strategies, from maximizing rental income to developing a mixed-use property. Ample parking is available, with a sizable parking lot at the rear of the building supplementing the on-street metered parking at the front. The building's location on Main Street in Claysville provides excellent visibility and accessibility, enhancing its appeal to both tenants and customers. This property is ready for an investor to capitalize on its existing income stream and unlock its full potential through strategic renovations and leasing. The combination of existing rental income, adaptable space, and convenient parking makes this a truly attractive investment prospect in a desirable location. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $2,129,033

  6.5%

  $1,965,261

  7%

  $1,824,885

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,047,180

  Geo Method

  $1,047,180

• Alternative Use

  Use

  Valuation

  Residential

  $2,436,924

  Hospitality

  $2,232,209

  Educational

  $1,857,172

  Medical

  $1,921,043

  Retail

  $2,888,934

Location Insight

City

Claysville

County

Washington

State

Pennsylvania

Latitude

40.1178

Longitude

-80.4118

CBSA code

38300

CBSA name

PITTSBURGH, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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