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 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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