231 Main StClaysville, PA 15323

  • Mixed-use properties
  • 0.26 AC
For Sale
$245,000 View listing

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
231 Main St, Claysville, Pennsylvania

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

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
2023
$3,083
$30,100
$137,800
$167,900
-
$30,100
$137,800
$167,900

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