Brownsville PA 15417 -2,681 sq ft Brick Commercial office/ wareshop with apartment above

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Brownsville PA 15417 -2,681 sq ft Brick Commercial office/ wareshop with apartment above

5 Bolivar St, Brownsville PA 15417

Great Investment opportunity:

Sold on Warranty Deed with clear title.

No back taxes- No liens.

Suitable for an investor or owner occupier.

Brick commercial building with living quarters above. Little work needed.

Gross Potential income: $33,500/ year.

Attractive solid 2,681 sq ft red brick building in a great location, near Downtown Brownsville on 3,050 sq ft lot.

The property is red brick and of attractive design and features dormer windows in the roof, a garage and a back yard which can be used for parking.

Description

The property is a two-story building:

First floor: 5 large rooms with high ceilings and high windows. There is also a small room at the bottom of the stair, that used to be the powder room. The main rooms were used as sewing rooms and offices and have the potential to adapted to a large number of uses including offices, studio, bank, professionals’ office (attorneys, architects, accountants etc.), clinic, warehouse, workshop or local store.

Second floor: a self-contained apartment with has:

  • living room
  • dining room
  • kitchen
  • Bedroom 1 (large bedroom) with several built in closets
  • Bedroom2
  • Bathroom

This may be used as living quarters for the business on the first floor or alternatively it may be used as additional commercial space.

Property condition

The property is generally in good condition, the structure is solid, the windows and the roof are in good condition. The plumbing and electrics and hot water all seem to be in working order but will need checking. The first floor which contains the workshops and offices needs clearing of old sewing machines and trash, cleaning and repairs to walls, painting and decoration. The second floor needs mainly touching up, carpets and cleaning.

Location:

Located in Fayette County, Brownsville is a one-square-mile river front town with an abundance of resources, including a wharf with a public boat launch, and many opportunities for new businesses. It is a beautiful town nestled among the trees and hills right on the banks of the Monongahela River. The town is an old industrial town that’s steeped in history.  The Monongahela River, a major tributary of the Ohio River, one of North America’s most important waterways. The town boasts the Dunlap’s Creek Bridge, the nation’s first ever cast-iron bridge and still has Drive-in movie theatre one of the remaining 338 Drive-in theatres that are left in the US.

The town is a prime location for redevelopment opportunities. Brownsville is a small community with a mix of busy commercial areas and quiet residential properties. It is located within a commuting distance from Pittsburgh being about 38 miles south of Pittsburgh PA and just 23 miles south of the southern edge of Pittsburgh.

The surrounding areas have a large number of oil and gas producing wells which is creating a boost to the local economy.

The property is very accessible being about 5 minute drive from PA-43/Turnpike and Rt 40.

Downtown Brownsville: 0.9 miles

Pittsburgh PA: 38 miles

Morgantown WV: 39 miles

California University of Pennsylvania: 4.6 miles

Pittsburgh International Airport: 52 miles

The property is close to many excellent schools and comprehensive local facilities and amenities:

Restaurants

Twelve Oaks Restaurant & Tavern (.1mi), Subway (.5mi), Fiddle’s Restaurant (.5mi), Georgio’s Subs & Pizzas (.5mi), Jilly’s Restaurant & Tavern (.8mi), Hot Stuff Pizzeria (.9mi), Fox’s Pizza Den (1mi), Kristina’s Scrapbooking and More (1.1mi), Carolyn’s (1.2mi), Pepper Ronnie’s (1.7mi), DQ GRILL & CHILL RESTAURANT (1.7mi), Pizza Hut (1.8mi), SUBWAY® Restaurants (1.9mi), Paci’s Lounge & Dining Room (2.1mi), Lil’ Joey’s Pizzeria (2.2mi), Route 40 Classic Diner (2.8mi), Chick-fil-A (3.1mi), DQ GRILL & CHILL RESTAURANT (3.3mi), New Great Wall (3.3mi), Subway (3.3mi), Spuds Llc (3.3mi), Campy’s Pizza (3.3mi), Sigz Bistro (3.3mi), Peggy’s Place (3.4mi), Lagerheads (3.5mi), Scott’s Pizzeria & Restaurant (3.5mi), Chuck Wagon Restaurant (3.6mi), Hugo’s Restaurant & Catering (3.8mi), High Point Restaurant (3.8mi), Country Pizza (4mi), Johnny’s Family Restaurant (4.1mi), Hennessy Tavern (4.1mi), Fat Angelo’s Pizzeria Cardale (4.5mi), Pizza Wagon (4.5mi), DAIRY QUEEN BRAZIER (4.6mi),

Coffee

McDonald’s (1.9mi), Mudslingers Coffee Shop (3.2mi), Kwik Fill (3.2mi),

Bars

Apones Sports Bar (1mi), Rye’s Bar & Restaurant (1.6mi), Coal Hill Tavern (1.6mi), California Hill Gun Club (1.7mi), California Young Mens Club (2.6mi), Ventura’s Tavern (2.9mi), Italo-American Citizens Club (3.1mi), wine & Spirits Store (3.2mi), J Cole’s Inn (3.3mi), McMonagle’s Irish Pub (3.3mi), American Legion (3.3mi), California Boat Club (3.4mi), Roxy’s Roadhouse (3.5mi),

Groceries

Walmart Super Center=.6mi), Walmart Supercenter (.7mi), Foodland (2mi), Duda’s Farm Inc (3mi), Salamone Italian Food Market (3.1mi), Kwik Fill Delli (3.2mi), Rite Aid – Groceries (3.3mi), Republic Enterprise Center (4.1mi), Penncraft Foods Grocery Store (4.2mi), Hackney’s Market (4.5mi), Jackson Farm Dairy (4.9mi), Spee-D Food Mart (4.9mi),

Parks

Roadman Park (1.9mi), David Szalay Community Park (2.5mi), Phillipsburg Soccer Field (2.8mi), California Boro Ballfield (3.1mi), Rotary Park (3.1mi), Founders Park (3.3mi), Mechanic Street Playground (3.3mi), Wood Street Park (3.4mi), River’s Edge Park (3.5mi), Lafayette Memorial Park (3.8mi),

Schools

Brownsville Area High School (1.6mi), Brownsville Area Middle School (1.6mi), The Village – Preschool (1.6mi), Cox-Donahey Elementary School (1.7mi), California Area Middle School (2.1mi), California Area Senior High School (2.1mi), California Area Intermediate Middle School (2.2mi), Intermediate Unit 1 (2.5mi), Cal-U (3.2mi), Intermediate Unit 1 – Center for Professional Development (3.3mi), California University of Pennsylvania, University Avenue, California, PA (3.3mi), Kids Ahoy Child Care Center (4.4mi), Cardale Elementary School (4.6mi),

Shopping

Sunoco A Plus Mini Market (.4mi), Team Humanity Clothing Company (.5mi), Keystone Sportswear Inc (1.2mi), California Army Navy Surplus (2.6mi), Copycat (3.2mi), Care & Share Thrift Shop (3.2mi), Tech Boxz Inc. (3.2mi), Evil Genius Comics & Cards (3.3mi), Todd’s Beer Distribution (3.3mi), Cal U Student Bookstore (3.3mi), Battaglini’s Graphics (3.3mi), Flowers By Regina (3.3mi), Dollar General (3.3mi),

Entertainment

Flatiron Heritage-Visitors Center (.7mi), National Pike Steam Gas Horse Assn (2.3mi), California Area Historical Society (3.1mi), Jozart Center (3.3mi),

Errands

Walmart Pharmacy (.4mi), Johnson III William F MD (.5mi), The Brownsville Family Pharmacy (.6mi), Reeds Rexall Drugs (.7mi), PNC Bank (1.7mi), First National Bank (1.8mi), Brownsville Hardware (1.9mi), Brownsville Do It Best (1.9mi), Do It Best (1.9mi), Rite Aid (1.9mi), Cal Ed Federal Credit Union (2.5mi), Cal Ed Fed Credit Union (2.5mi), Maund Industries (2.6mi), Weld Towing Co (2.7mi), Earl’s Body Shop (2.8mi), Brandon’s Body Shop (2.9mi), Sudsy’s Carwash (2.9mi), 84 Lumber Company (3.2mi), ATM (Kwik Fill) (3.2mi), Ronald J. Messick, RPH (3.2mi), Union Cleaners (3.2mi), Yablonski Costello & Leckie: Bitonti John W (3.2mi), State Farm Insurance (3.2mi), ATM (First Niagara Bank) (3.3mi), Lisa J Buday Law Office (3.3mi), Scruples Hair & Nails (3.3mi), Edward Jones – Financial Advisor: Jim Gwyer (3.3mi), Allstar Transmission (3.3mi), Rite Aid (3.3mi), Hair We Are (3.3mi), US Post Office (3.3mi)

Demographics*:

1 mile            3 miles           5 miles

Total population                                           5,015             11,537             27,519

% White alone                                             91.53%           91.65%          93.56%

% African American                                     6.16%               6.03%              4.53%

% Household change (2010-15)                   +1.56%          + 0.69%         + 0.66%

2015 Average Household Income                   $47,650         $46,845           $49,801

*Loopnet

Crime rate: Very low (Trulia.com)

Great Investment opportunity:

UNIQUE OPPORTUNITY FOR THE SAVVY BUSINESS OWNER, DEVELOPER OR INVESTOR TO OWN A SUBSTANTIAL HIGH-INCOME PROPERTY FOR A DISCOUNTED PRICE.

Median Asking price in 15417: $135,000 (Trulia.com)

Asking Price for offices for sale: $74.88 / sq ft (Loopnet)

Comparable For Sale:

115 Creek Rd Brownsville, PA 15417 · 4,060 SF. Industrial-  $225,000

Comparable Sold

406 Washington Avenue, Brownsville, PA 15417. 2,940 SF- 2 unit Multi-family- sold 12/21/2016 for $110,000

Great income potential 

Asking rent for offices for lease: $18.76 / sq ft / year (Loopnet)

Asking rent for industrial for lease: $6.64 / sq ft / year (Loopnet)

Average Monthly rent for:

2 Bed apartments: $600/month

(rentometer.com & hotpads.com)

Based on the above figures, the best income would be derived from offices

Approximate projected gross income as offices at $12.5/sq ft/ yr: $2,792/ month ($33,512/ year)

Real Estate Taxes:

Fayette County, PA parcel ID: 02-07-0004

PROPERTY IS SOLD AS IS, WHERE IS- Warranty deed- Clear title – No liens, No back taxes

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