Listed by NAI Burns Scalo, SVN | Three Rivers Commercial Advisors
Unpriced
980 Jefferson Ave
Details
Property Type Multifamily, Mixed Use
Sub Type Apartment Building
Square Footage 33,615
Units 28
Cap Rate 9.45%
NOI $170,174
Occupancy 89%
Price per SqFt $54
Year Built 1940
Stories 3
Acreage 0.425
Parking Spaces 100 spaces
Parking per 1,000 SqFt 2.97
Investment Type Value Add
28 Unit Mixed-Use Investment Opportunity
Marketing description
NAI Burns Scalo is pleased to present this investment opportunity at 980–998 Jefferson Ave in Washington, PA, 15301. A well-located, mid-century, multi-family and retail asset with strong visibility and redevelopment potential in the heart of Washington’s commercial corridor.
Investment highlights
- 89% occupied, providing in-place cash flow with additional upside through lease-up.
- 4 Commercial and 24 Residential Tenants.
- Value-add potential through interior renovations, rent optimization, and operational efficiencies.
- The property has undergone or is positioned for ongoing capital improvements to enhance operating performance and curb appeal.
- On-site surface parking with additional 100+ free spaces adjacent to the property.
- Positioned along a well-traveled thoroughfare with traffic counts exceeding 24,000 vehicles per day, offering strong exposure for retail tenants.
Listing Contacts
Listed by NAI Burns Scalo, SVN | Three Rivers Commercial Advisors
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$170,174.00
$14,181.17/mo
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