Income Producer With The Majority of Rehab COMPLETED! For Sale

  • $457,000

Washington County Tax Parcel I.D. Number as follows: 740-001-00-02-0014-00

COMMERCIAL/GENERAL BUSINESS AREA VERY HIGH TRAFFIC COUNT IN THIS AREA AND 1 BLOCK FROM THE WASHINGTON COUNTY COURTHOUSE!

LOCATED AT 144 SOUTH MAIN STREET WASHINGTON, PENNSYLVANIA 15301. THIS PROPERTY IS NEXT DOOR TO THE LOCAL NEWS PAPER OBSERVER-REPORTER, ALONG WITH A BRAND NEW COVERED PAVILION AREA ACROSS THE STREET WHERE THE FARMERS MARKET IS HELD ONCE A WEEK AND MANY EVENTS THROUGH OUT THE YEAR!

THE SECOND STORE FRONT ON SOUTH MAIN STREET  IS NOT REHABBED.  WHEN FINISHED IT WILL BRING $1,500.00 PER MONTH A TOTAL POTENTIAL MONTHLY INCOME IS $5,400.00 AND RIGHT NOW WITH JUST THE 2 UNITS RENTED THEY ARE PRODUCING $2,100.00 PER MONTH.

Approximately 6-7 miles from Washington is SouthPointe a small area adjacent to Canonsburg, Pennsylvania where they have created a new town, which is SouthPointe and in this area it has many new retail Shoppe’s and apartment units along with Headquarters’ to more then 300 Companies from the Gas & Oil Industry to the Pharmaceuticals Companies and even satellite College Campuses, here is a link http://www.southpointe.net to give you an overview of SouthPointe.

Now within a 3-4 mile radius from the subject property is a new Casino called the Meadows Casino and numerous new hotels and retail Shoppe’s and also in this area they have built apartment units mixed with retail Shoppe’s and the rents in this area and SouthPointe are from $1,400.00 and up over $2,000.00 per month.

This entire area is 17 miles from Downtown Pittsburgh and the rental and sales have skyrocketed in the past 8-10 years and many people are moving south to Washington County because of the high rents there and the taxes are lower in Washington County.

Pittsburgh has also seen tremendous amount growth in technology companies and having one of the main offices for Google, Uber, Carnegie Mellon is one of the Major Technology Colleges in the Pittsburgh area and many more to come, also Pittsburgh is trying to have Amazon choose Pittsburgh for it’s second Worldwide Headquarters which is to create over 40,000 new employees.

Here are some links below to help see what is going on in the Pittsburgh area along with the number one UPMC Hospitals and number one in transplant surgery’s and very much more in the health care industry.

https://www.nextpittsburgh.com/current-features/12-pittsburgh-tech-companies-to-watch-in-2018/

https://www.nytimes.com/2017/07/22/style/pittsburgh-tech-makeover.html

https://www.networkworld.com/article/2687961/careers/pittsburgh-is-a-vibrant-ecosystem-for-high-tech-companies.html

https://www.indeed.com/q-Technology-Development-Program-l-Pittsburgh,-PA-jobs.html

https://www.nextpittsburgh.com/features/16-technology-companies-to-watch-in-2016/

http://www.pghtech.org/#careers

https://www.nextpittsburgh.com/current-features/12-pittsburgh-tech-companies-to-watch-in-2018/

https://patch.com/pennsylvania/pittsburgh/best-hospitals-pittsburgh-u-s-news-world-report

https://en.wikipedia.org/wiki/Children%27s_Hospital_of_Pittsburgh_of_UPMC

http://triblive.com/news/healthnews/8187031-74/hospital-hospitals-patient

Today’s rental market is unlimited from the Natural Gas Industry exploding with the expansion of production and sales of all forms of natural gas here in Washington County, Pennsylvania. Washington County is one of the top producers of these types of gases in the USA.

We are open to all offers.

Price:
$457,000
Address:
144 SOUTH MAIN STREET
Washington, Pennsylvania 15301
Terms:
For Sale
Property Type:
Commercial

Additional Features

2 UNITS IN THIS BUILDING ARE FULLY REHABED. WE HAVE A VERY UP SCALE HAIR SALON ON THE FIRST FLOOR OF THIS COMMERCIAL STORE FRONT AREA AT 144 SOUTH MAIN STREET WASHINGTON, PENNSYLVANIA 15301. THE UNIT IN THE REAR THAT IS RENTED TO AN ONLINE BUSINESS. THIS BUILDING HAS A BRAND NEW ROOF AND HAS POTENTIAL FOR 3 MORE UNITS.  2 APARTMENTS ABOVE THE HAIR SALON WHICH WILL BE LARGE UNITS APROX 25' X 35' 

Call (518) 400-2102 for more details

Property Location

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