2 11Th StPenn, PA 15675

  • Commercial real estate
  • 0.70 AC
For Sale
$499,900 View listing

Property Details for 2 11Th St

Lot size
0.70 AC
Property type
Commercial real estate
APN
29-01-11-0-001
APU
2901110001

Description

This 6,000-square-foot shopping center presents a compelling investment opportunity. Located in Penn, Pennsylvania, this Class C property sits on a 1.1-acre fenced lot and boasts a metal building construction with an interior loading dock. Built in 1976 and renovated in 2004, the single-story building features a 14-foot ceiling height. The property includes a 1,882-square-foot addition and a 240-square-foot metal shed, providing ample storage or expansion potential. An on-site office space adds to the functionality. The property is zoned for industrial use and is designated as an Opportunity Zone, offering potential tax advantages. The asking price is $499,900, translating to $83.32 per square foot. The property's APN is 29-01-11-0-001. This fee-simple ownership opportunity is ideal for investors seeking a versatile commercial property in a prime location. The property is also available for lease at $7.00 per square foot NNN.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $8,359,248
    Hospitality
    $7,657,026
    Educational
    $6,370,556
    Medical
    $6,589,649
    Retail
    $9,909,754

Location Insight

City
Penn
County
Westmoreland
State
Pennsylvania
Latitude
40.3313
Longitude
-79.6364
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
2024
$4,477
$8,460
$24,570
$33,030
-
$8,460
$24,570
$33,030

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