781 New Castle RdButler, PA 16001

Property Details for 781 New Castle Rd

Lot size

5.09 AC

Property type

Investment properties

Property subtype

Live-work space

APN

170 3F80 43B0000

APU

1703F8043B0000

Description

This exceptional commercial property, located at 781 New Castle Road in Butler, Pennsylvania, presents a unique investment opportunity. Priced at $425,000, the property encompasses over five acres of land, boasting 620 feet of frontage on Route 422, a major thoroughfare situated between Butler and New Castle. This high-traffic location ensures excellent visibility and accessibility for any business. The property includes a turnkey restaurant, ready for immediate operation or customization to suit your vision. The zoning designation is C-1 Commercial, allowing for a wide range of permitted uses beyond restaurant operations. A significant asset is a substantial 40' x 28' garage building, equipped with electricity, oil heat, and water. This structure offers potential for rental income or expansion of the existing business. The expansive outdoor area includes a patio perfect for additional seating, ample space for vending facilities, and a large area ideal for outdoor entertainment. The property is serviced by public water and a septic system. This combination of a well-situated building, versatile zoning, and significant outdoor space makes this property an attractive proposition for a variety of commercial ventures.

• CAP approach

  CAP return

  Valuation

  6%

  $48,733,600

  6.5%

  $44,984,900

  7%

  $41,771,700

• Comparable approach

  Method

  Valuation

  Relative Method

  $21,154,500

  Geo Method

  $21,154,500

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $90,614,900

  Retail / Commercial

  $45,729,200

  Hospitality / Lodging

  $32,247,200

  Office

  $44,112,200

  Institutional / Educational

  $46,558,400

  Residential Income

  $54,473,300

  Multifamily

  $68,554,900

  Automotive / Energy

  $39,907,200

  Parking / Income-Based Land

  $14,345,800

  Restaurant / Food Service

  $22,156,400

  Healthcare / Senior Housing

  $46,727,300

Location Insight

City

Butler

County

Butler

State

Pennsylvania

Latitude

40.8893

Longitude

-79.9899

CBSA code

38300

CBSA name

PITTSBURGH, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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