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Price Reduction! 4,320 SF Value Add Multifamily or Mixed-Use Building

626 5th Ave, Coraopolis, PA 15108

Overview

Price:$349,000
Number of Units:3
Building Size:4,320 SF
Property Type:Mixed-Use
Total Lot Size:7,448 SF
Year Built:1920

Description

626 5th Avenue encompasses a 4,320 square foot mixed-use building strategically located on the primary thoroughfare in downtown Coraopolis. Presently serving as a medical office with an unoccupied apartment occupying the third floor, the fourth floor remains in a raw state, stripped down to its studs awaiting remodeling. Each floor is equipped with restroom facilities, and recent renovations have enhanced the exterior staircases. With potential for both owner/user occupancy and investment, this property presents a promising opportunity for value addition.

Entry-Level Investment Opportunity

Building Details:

- 1st Floor: Office/Retail space.

- 2nd Floor: Previously used as offices & exam rooms. Includes 1 full bathroom and a kitchen. Can be converted into a 2-bedroom apartment.

- 3rd Floor: Previously used as offices. Includes 1 full bathroom and a kitchen. Can be converted into a 2-bedroom apartment.

- 4th Floor: Shell condition; will need to be built out.

- Access: Separate entrance for each floor/apartment

- Bathrooms: All levels have one bathroom; 2nd & 3rd floors have full baths

- Renovations: New staircases constructed recently

- Roof: Approx. 18 years old

Property Details:

- Municipality: Moon Township, Coraopolis Borough, Allegheny County

- Parcel Number: 419-C-270

- Lot Size: 0.17 acres

- Zoning: C-3 Planned Shopping

- Permitted Uses: Office or store front with residential units on upper floors

- Building Size: 4,320 SF

- Building Layout: 4-story mixed-use building

- Site Access: Located along 5th Ave/PA-51, the main route through Coraopolis; 2.7 miles from the I-79 N/S interchange

- Parking: On-street parking

Location

Located on 5th Avenue/Route 51, the primary thoroughfare in downtown Coraopolis, 2.5 miles from the I-79 interchange.

Contact Broker

Dana Grau, CCIM, SIOR
Principal
Lee & Associates - Western Pennslyvania

Cell412.512.3737
Office412.339.1963

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