637 Route 228Mars, PA 16046

Property Details for 637 Route 228

Year built

1954

Lot size

6.97 AC

Property size (Sq ft)

528 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

010 3F66 400000

APU

0103F66400000

Description

This exceptional 23,000 square foot single-tenant retail property is ideally situated at 637 Route 228 in Mars, Pennsylvania, within Butler County (zip code 16046). The entire building is currently vacant, presenting a unique opportunity for a single tenant to occupy the entire space. The property benefits from its location in a thriving commercial and residential area experiencing significant growth. The Route 228 corridor is experiencing robust development, fueled by proximity to Pittsburgh, a strong local economy, and excellent transportation links. This area is attracting businesses across various sectors, including retail, healthcare, and hospitality. Recent years have seen substantial investment in the Route 228 corridor, including new residential subdivisions and commercial developments such as shopping centers, restaurants, and office spaces. Further supporting this growth, the local government is actively investing in infrastructure improvements, such as road widening and utility upgrades. This property offers unparalleled potential for a business seeking a prominent location within a dynamic and expanding market. The property's size and location make it suitable for a wide range of retail uses.

• CAP approach

  CAP return

  Valuation

  6%

  $100,414

  6.5%

  $92,689

  7%

  $86,069

• Comparable approach

  Method

  Valuation

  Relative Method

  $49,389

  Geo Method

  $49,389

• Alternative Use

  Use

  Valuation

  Residential

  $114,935

  Hospitality

  $105,280

  Educational

  $87,591

  Medical

  $90,604

  Retail

  $136,253

Location Insight

City

Mars

County

Butler

State

Pennsylvania

Latitude

40.6923

Longitude

-80.001

CBSA code

38300

CBSA name

PITTSBURGH, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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