1166 National PikeHopwood, PA 15445

Property Details for 1166 National Pike

Lot size

0.83 AC

Property type

Investment properties

Property subtype

Live-work space

APN

34-12-0087

APU

34120087

Description

This exceptional 0.83-acre commercial land parcel presents a unique investment opportunity in the thriving Hopwood, PA market. Located at 1166 National Pike, this property boasts excellent visibility and accessibility, making it an ideal site for a variety of commercial ventures. The expansive lot offers ample space for development, allowing for significant flexibility in design and construction. Its strategic location provides easy access to major transportation routes, ensuring convenient commutes for employees and customers alike. The property's zoning allows for a range of commercial uses, subject to local regulations and approvals. This presents a rare chance to acquire a substantial piece of land in a growing area, perfect for entrepreneurs and investors seeking to establish a new business or expand existing operations. The asking price of $250,000 reflects the significant potential of this prime commercial real estate. Serious inquiries are encouraged to explore the possibilities this property offers. Further due diligence is recommended to confirm zoning and development potential. This is a blank canvas ready for your vision. Don't miss this chance to secure a valuable asset in a desirable location. Contact us today to schedule a viewing and discuss your development plans.

• CAP approach

  CAP return

  Valuation

  6%

  $8,605,261

  6.5%

  $7,943,318

  7%

  $7,375,938

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,228,830

  Geo Method

  $7,228,830

• Alternative Use

  Use

  Valuation

  Residential

  $9,849,714

  Hospitality

  $9,022,285

  Educational

  $7,506,435

  Medical

  $7,764,593

  Retail

  $11,676,677

Location Insight

City

Hopwood

County

Fayette

State

Pennsylvania

Latitude

39.8786

Longitude

-79.7033

CBSA code

38300

CBSA name

PITTSBURGH, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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