136 Sherman AveVandergrift, PA 15690

  • Commercial real estate
  • 1,960 SF
For Sale
$1,300,000 View listing

Property Details for 136 Sherman Ave

Year built
1956
Construction
FRAME
Lot size
0.21 AC
Property size (Sq ft)
1,960 SF
Property type
Commercial real estate
APN
37-01-02-0-082
APU
3701020082

Description

This 1,760 sq ft convenience store and gas station in Vandergrift, PA, is offered at $1,300,000. Located at 136 Sherman Avenue, this owner-user opportunity boasts 100% occupancy and a strong revenue history, supported by detailed 2023 financial records including register tapes and fuel invoices. The property features three service bays with potential for conversion into additional retail space, increasing revenue streams. Recent upgrades include pumps, MPDs, canopy, and fresh asphalt (all within the last 5 years), minimizing maintenance needs. The sale includes a flexible fuel contract (buyout under $40,000), allowing for renegotiation or rebranding. Underground storage tanks, installed between 1977 and 1998, are compliant with updated standards. Additional assets include second-floor office space and a housing unit on an adjacent lot, offering expansion or rental income potential. This turnkey operation presents a compelling value-add investment in the growing Pittsburgh MSA, with limited competition in the area. Detailed financial documentation is available for review. The property is situated at the corner of Sherman Avenue and Farragut Avenue, in Vandergrift, PA 15690.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $478,654
    Hospitality
    $438,444
    Educational
    $364,780
    Medical
    $377,326
    Retail
    $567,436

Location Insight

City
Vandergrift
County
Westmoreland
State
Pennsylvania
Latitude
40.6051
Longitude
-79.5621
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
$6,392
$32,880
$8,250
$41,130
-
$32,880
$8,250
$41,130

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