Commercial and Multi-Family (MLS 165464) | 533 State St
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Commercial and Multi-Family (MLS 165464) 533 State St
4,008 SF 100% Leased Retail Building Meadville, PA 16335 $188,900 ($47/SF)
Executive Summary
Commercial property in city areas often represents a golden opportunity for investors seeking to capitalize on the world of real estate. Start with this property with 5 income producing units with one apartment being updated, a newer roof and back rear porches. Great location close to the hospital and Allegheny College. Plenty of parking! Moreover, commercial leases tend to be longer, providing a more stable income stream and reducing the frequency of tenant turnover.
Financial Summary (Actual - 2021) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$2,350
|
$0.59
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$2,350
|
$0.59
|
| Taxes |
$3,503
|
$0.87
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$3,503
|
$0.87
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2021)
| Gross Rental Income | |
|---|---|
| Annual | $2,350 |
| Annual Per SF | $0.59 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $2,350 |
| Annual Per SF | $0.59 |
| Taxes | |
|---|---|
| Annual | $3,503 |
| Annual Per SF | $0.87 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $3,503 |
| Annual Per SF | $0.87 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts Under Contract
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
4,008 SF
Building Class
C
Year Built
1990
Price
$188,900
Price Per SF
$47
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.28
Lot Size
0.33 AC
Zoning
CMLLSE - Commercial
Parking
5 Spaces (1.25 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
Walk Score ®
Very Walkable (82)
Nearby Major Retailers
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Commercial and Multi-Family (MLS 165464) | 533 State St
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