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The Fayette Building 52 W Main St

71 Unit Apartment Building $6,332,310 CAD ($89,187 CAD/Unit) 6.30% Cap Rate Uniontown, PA 15401

Investment Highlights

  • In place 6.3% cap rate with an additional 102,609+/- SF of vacant space to add value
  • Potential for a total of Approximately 160 apartments plus first floor retail
  • Historic Building with tax credits available
  • 71 Apartments / 93 Car Parking Lot - current setup
  • Priced at $21/ SF with strong in place income

Executive Summary

SVN Three Rivers Commercial Advisors is pleased to present the opportunity to purchase the historic 12 story Fayette Building in the heart of Uniontown, PA. The Fayette Building boasts as the largest and tallest structure in the city of Uniontown, consisting of 70 Multi-Family Units on floors 8-11, a large 10 bedroom owners apartment on floor 6, various commercial spaces on floors 1-5 and 7 with an eye-catching banquet/event space on the 1st floor. The sale includes a 93 car parking lot.

Property Facts

Price $6,332,310 CAD
Price Per Unit $89,187 CAD
Sale Type Investment
Cap Rate 6.30%
No. Units 71
Property Type Multifamily
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
Apartment Style Mid Rise
Building Class C
Lot Size 0.48 AC
Building Size 211,559 SF
No. Stories 11
Year Built 1901
Parking Ratio 0.44/1,000 SF

Unit Amenities

  • Air Conditioning
  • Cable Ready
  • Dishwasher
  • Disposal
  • Heating
  • Security System
  • Ceiling Fans
  • Tile Floors
  • Eat-in Kitchen
  • Kitchen
  • Hardwood Floors
  • High Speed Internet Access
  • Range
  • Tub/Shower
  • Walk-In Closets
  • Carpet
  • Dining Room
  • Window Coverings

Site Amenities

  • Business Center
  • Controlled Access
  • Property Manager on Site
  • Furnished Units Available
  • Package Service
  • Vintage Building
  • Storage Space
  • Elevator
  • Maintenance on site

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 18 - 350 - 690
1+1 42 - 450 - 1,050
2+1 9 - 760 - 1,350
10+1 1 - -
Walk Score ®
Very Walkable (87)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
38-04-0087
Land Assessment
$29,905 CAD
Improvements Assessment
$277,352 CAD
Total Assessment
$307,257 CAD
  • Listing ID: 32530205

  • Date on Market: 2024-07-20

  • Last Updated:

  • Address: 52 W Main St, Uniontown, PA 15401

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