231 Main StClaysville, PA 15323
- Mixed-use properties
- 0.26 AC
Property Details for 231 Main St
- Lot size
- 0.26 AC
- Property type
- Mixed-use properties
- Property subtype
- Other investment properties
- 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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
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
Comparable in this City
Similar Nearby for Sale
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