614 Hancock AveVandergrift, PA 15690

  • Commercial real estate
  • 0.03 AC
For Sale
$199,900 View listing

Property Details for 614 Hancock Ave

Lot size
0.03 AC
Property type
Commercial real estate
APN
37-01-09-0-483
APU
3701090483

Description

This exceptional commercial property at 614 Hancock Ave, Vandergrift, PA, presents a unique investment opportunity. The building houses a well-established bar with a rich history spanning over 50 years, ensuring a strong foundation for continued success. Its prime location in the heart of Vandergrift guarantees high visibility and accessibility to a loyal customer base. The bar itself is fully operational, featuring a functional kitchen and restrooms, ready for immediate use. The versatility of the space allows for various business concepts, making it an ideal canvas for an entrepreneur's vision. Adding to its appeal is a sizable apartment located upstairs. This space offers significant potential for generating additional rental income, providing a supplementary revenue stream. Alternatively, it can be utilized as valuable storage space to support the bar's operations. The property sits on a conveniently sized 0.03-acre lot. Priced at $199,900, this property offers a compelling blend of established business, income potential, and prime location, making it an attractive investment for discerning buyers. The existing infrastructure and operational history minimize start-up costs and risks, allowing for a smooth transition and immediate return on investment. Don't miss this chance to acquire a thriving business with significant upside potential.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $345,559
    Hospitality
    $316,530
    Educational
    $263,349
    Medical
    $272,406
    Retail
    $409,654

Location Insight

City
Vandergrift
County
Westmoreland
State
Pennsylvania
Latitude
40.5964
Longitude
-79.5696
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
$1,535
$1,150
$8,730
$9,880
-
$1,150
$8,730
$9,880

FAQs

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