201 Pittsburgh StConnellsville, PA 15425

Property Details for 201 Pittsburgh St

Lot size

0.12 AC

Property type

Office properties

Property subtype

Office buildings

APN

05-06-0407

APU

5060407

Description

This exceptional three-story commercial building presents a compelling investment opportunity in the heart of Connellsville, Pennsylvania. Situated on a 0.16-acre lot at 201 N Pittsburgh St, this property offers significant potential for growth and income generation. Currently, a portion of the building is occupied by medical offices and similar services, demonstrating established tenant interest and a proven track record. The remaining space is available for lease, providing immediate income potential for a new owner. The building's prime downtown location offers excellent visibility and accessibility, with a prominent storefront along Pittsburgh Street ideal for retail or other high-traffic businesses. This presents a unique chance to capitalize on the strong commercial activity in Connellsville. The building's solid construction and established tenancy make it a low-risk, high-reward investment. The asking price of $135,000 represents a significant value for a property with this level of potential. Serious investors are encouraged to explore this opportunity to acquire a well-located, income-producing commercial building in a thriving Pennsylvania community. The property's size is not specified, but the three-story structure and existing tenants suggest substantial square footage. This is an excellent chance to expand your portfolio with a proven asset in a desirable location. Further due diligence is recommended to fully assess the property's potential.

• CAP approach

  CAP return

  Valuation

  6%

  $1,244,080

  6.5%

  $1,148,381

  7%

  $1,066,354

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,045,086

  Geo Method

  $1,045,086

• Alternative Use

  Use

  Valuation

  Residential

  $1,423,993

  Hospitality

  $1,304,370

  Educational

  $1,085,220

  Medical

  $1,122,543

  Retail

  $1,688,120

Location Insight

City

Connellsville

County

Fayette

State

Pennsylvania

Latitude

40.019

Longitude

-79.5893

CBSA code

38300

CBSA name

PITTSBURGH, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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