1737 Main Street ExtButler, PA 16001

Property Details for 1737 Main Street Ext

Lot size

0.16 AC

Property type

Commercial real estate

APN

060 S4 190000

APU

060S4190000

Description

This exceptional Class A office building, located at 1737 N Main St Ext in Butler, Pennsylvania (zip code 16001), presents a unique investment opportunity. The 20,000 square foot property sits on a 0.15-acre lot and is currently 100% occupied under a gross lease with approximately two years remaining. The building features twelve private offices, three bullpen areas, a welcoming reception area, and a fully equipped kitchen/lunchroom, ideal for employee comfort and collaboration. Further enhancing its appeal is a comprehensive gymnasium and ample storage space, including garage facilities. Parking is readily available with capacity for over 50 vehicles. The building is zoned for commercial use and offers a blend of creative, executive, and medical office spaces, making it versatile and adaptable to various business needs. The asking price is $1,999,900, translating to $100 per square foot. This sale includes the building and land only; the existing business is not included in the transaction. This is a rare opportunity to acquire a high-quality, fully occupied commercial property in a desirable location. The property's state-of-the-art features and convenient amenities make it an attractive investment for discerning buyers.

• CAP approach

  CAP return

  Valuation

  6%

  $1,674,730

  6.5%

  $1,545,910

  7%

  $1,435,490

• Comparable approach

  Method

  Valuation

  Relative Method

  $707,402

  Geo Method

  $647,858

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,937,580

  Retail / Commercial

  $1,527,120

  Mixed-Use / Specialty

  $1,538,020

  Hospitality / Lodging

  $1,149,680

  Office

  $1,545,910

  Institutional / Educational

  $1,604,760

  Residential Income

  $1,877,570

  Multifamily

  $2,161,250

  Automotive / Energy

  $1,375,510

  Parking / Income-Based Land

  $458,524

  Restaurant / Food Service

  $834,820

  Healthcare / Senior Housing

  $1,560,450

Location Insight

City

Butler

County

Butler

State

Pennsylvania

Latitude

40.908

Longitude

-79.9241

CBSA code

38300

CBSA name

PITTSBURGH, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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