225 Pennsylvania AveWarren, PA 16365

Property Details for 225 Pennsylvania Ave

Year built

1900

Lot size

0.07 AC

Property size (Sq ft)

8,736 SF

Property type

Retail properties

Property subtype

Gas stations

APN

WN-576-781600-000

APU

WN576781600000

Description

This exceptional investment opportunity in Warren, Pennsylvania, presents a versatile 8,736 square foot building situated on a 0.07-acre lot at 225 Pennsylvania Avenue West, zip code 16365. Previously a thriving pet store, the ground floor offers significant retail potential, complete with existing fixtures including tanks, counters, and filtration systems. Large storefront windows ensure high visibility from the street, complemented by convenient rear parking and access. The building boasts a recently remodeled, spacious second floor featuring four bedrooms and a large family room, providing immediate income potential as residential apartments. A full basement, fitted with a new floor, adds further utility. Significant renovations enhance this property's value, including a rubber roof (installed September 2006), a new basement floor, an upgraded forced-air heating and central air system, a new check counter and ceiling fans on the first floor, and an upgraded breaker system. Four central aquarium systems remain in place. The property is a NNN lease, currently vacant, and offers a strong return on investment. This is a rare opportunity to acquire a mixed-use property with established infrastructure and significant upside. The asking price is $279,900, with a price per square foot of $32.04.

• CAP approach

  CAP return

  Valuation

  6%

  $2,599,785

  6.5%

  $2,399,802

  7%

  $2,228,387

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,201,139

  Geo Method

  $4,401,623

• Alternative Use

  Use

  Valuation

  Residential

  $2,024,322

  Hospitality

  $1,854,268

  Educational

  $1,542,730

  Medical

  $1,595,786

  Retail

  $2,399,802

Location Insight

City

Warren

County

Warren

State

Pennsylvania

Latitude

41.8438

Longitude

-79.1463

CBSA code

47620

CBSA name

WARREN, PA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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