208 Main StMasontown, PA 15461

Property Details for 208 Main St

Lot size

0.15 AC

Property type

Retail properties

Property subtype

Retail space

APN

21-07-0289

APU

21070289

Description

This exceptional investment opportunity in Masontown, PA, presents a versatile commercial property at 208 S Main Street, boasting 75 feet of road frontage. The main level currently houses a thriving, turn-key Italian cafe complete with recently updated equipment (including a new Ansul system, lighting, and exit signs), a four-burner gas stove, 36" griddle, prep cooler, two-door commercial fridge, mixer, pizza warmer, and mop sink. An adjacent vacant storefront offers potential for expansion of the cafe or separate rental income, perhaps as a banquet facility. Additionally, a fully operational gym/tanning business, also included in the sale, occupies another storefront. Upstairs, three residential rental units generate consistent income with existing leases in place: a three-bedroom, one-bathroom unit

• CAP approach

  CAP return

  Valuation

  6%

  $2,286,084

  6.5%

  $2,110,231

  7%

  $1,959,500

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,292,148

  Geo Method

  $3,292,148

• Alternative Use

  Use

  Valuation

  Residential

  $1,780,059

  Hospitality

  $1,630,524

  Educational

  $1,356,577

  Medical

  $1,403,232

  Retail

  $2,110,231

Location Insight

City

Masontown

County

Fayette

State

Pennsylvania

Latitude

39.845

Longitude

-79.8996

CBSA code

38300

CBSA name

PITTSBURGH, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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