1482 Butler RdWorthington, PA 16262

  • Office properties
  • 4,981 SF
For Sale
$425,000 View listing

Property Details for 1482 Butler Rd

Year built
1981
Lot size
1.57 AC
Property size (Sq ft)
4,981 SF
Property type
Office properties
Property subtype
Office buildings
APN
49-0-034233
APU
490034233

Description

This exceptional 1.57-acre commercial property at 1482 Butler Road in Worthington, PA, presents a unique investment opportunity. Previously used as a doctor's office, this adaptable building boasts excellent visibility and accessibility, situated directly on the main road and conveniently located off Route 422. Its proximity to Butler, Route 28, West Kittanning, and Downtown Kittanning ensures easy access for clients and employees. The property includes a substantial paved parking lot, providing ample space for vehicles. The building itself offers remarkable flexibility with two distinct sections, each featuring separate entrances and exits, internally and externally accessible. One area comprises a large open room complemented by two half-bathrooms. The second section is more extensively developed, encompassing ten individual rooms, a waiting area, a kitchen, and two full bathrooms – one of which is ADA compliant. This dual-space configuration allows for diverse uses, from expanding an existing business to creating a multi-tenant facility. The property's potential is further enhanced by the inclusion of all gas and mineral rights, adding significant value to this already compelling investment. This is a rare opportunity to acquire a well-situated, versatile commercial property with substantial potential in a thriving community.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,062,728
    6.5%
    $980,980
    7%
    $910,910
  • Comparable approach

    Method
    Valuation
    Relative Method
    $508,745
    Geo Method
    $995,901
  • Alternative Use

    Use
    Valuation
    Residential
    $1,216,415
    Hospitality
    $1,114,230
    Educational
    $927,026
    Medical
    $958,908
    Retail
    $1,442,041
1482 Butler Rd, Worthington, Pennsylvania

Location Insight

City
Worthington
County
Armstrong
State
Pennsylvania
Latitude
40.8357
Longitude
-79.6173
CBSA code
38300
CBSA name
PITTSBURGH, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$10,754
$71,040
$57,830
$128,870
-
$202,970
$165,220
$368,190

FAQs

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