1070 Wayne AveIndiana, PA 15701

Property Details for 1070 Wayne Ave

Year built

1940

Lot size

0.13 AC

Property size (Sq ft)

2,388 SF

Property type

Retail properties

Property subtype

Retail space

APN

42-015-115

APU

42015115

Description

This exceptional commercial investment property, located at 1070 Wayne Avenue in Indiana, PA, presents a unique opportunity. Situated on a 0.13-acre lot in a highly desirable Indiana County location, this building boasts a recently updated interior and exterior. The main level, currently leased for two years, features a welcoming entrance area, multiple versatile rooms, and a stunning gas fireplace in the rear. The space is finished with tasteful, appealing rooms and new (2021) luxury vinyl flooring throughout. Ample parking is available, including designated handicap-accessible spaces. Upstairs, a luxurious two-bedroom apartment offers a full bath, a kitchen equipped with brand-new appliances, a central area ideal for an office or entertainment space, and a laundry room with washer and dryer included. This upper level also features luxury vinyl flooring. The entire property has undergone a modern transformation, both inside and out, including a paved parking lot and additional parking area. This "grand property" is perfect for an investor seeking a blend of commercial and residential income streams. The property is priced at $389,000.

• CAP approach

  CAP return

  Valuation

  6%

  $748,958

  6.5%

  $691,346

  7%

  $641,964

• Comparable approach

  Method

  Valuation

  Relative Method

  $614,637

  Geo Method

  $1,203,191

• Alternative Use

  Use

  Valuation

  Residential

  $583,176

  Hospitality

  $534,186

  Educational

  $444,437

  Medical

  $459,721

  Retail

  $691,346

Location Insight

City

Indiana

County

Indiana

State

Pennsylvania

Latitude

40.6128

Longitude

-79.1582

CBSA code

26860

CBSA name

INDIANA, PA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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