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317 E Maiden St
Washington, PA 15301
Rare signalized corener in Washington, PA · Land For Sale
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0.13 AC
Executive Summary
available in the city, just blocks from Washington & Jefferson College. The property is currently generating $7,900 per month ($94,800
annually) across three active income streams: a coin-operated laundromat, skill game terminals, and four occupied apartments, all sitting on
a 0.49-acre corner lot with 20 off-street parking spaces and a 16,000 VPD traffic count. The asking price has been reduced to $549,000 —
pushing the cap rate on current, in-place income to an estimated 17.27%, well above typical stabilized retail returns.Tax returns are not
available; value is substantially in the land and the corner position itself.
Property Facts
1 Lot Available
Lot
| Price | $773,256 CAD | Lot Size | 0.13 AC |
| Price Per AC | $5,770,563.78 CAD |
| Price | $773,256 CAD |
| Price Per AC | $5,770,563.78 CAD |
| Lot Size | 0.13 AC |
• Steps from Washington & Jefferson College — built-in student, faculty, and staff demand for retail and food concepts. • 16,000 VPD at a lighted intersection — maximum daily visibility for any future use.
Description
• One of the only signalized corner lots available in the City of Washington — corners like this don't come up twice. • Newly reduced to $549,000 — a significant price cut that puts this deal well below replacement cost for the land alone. • Three income streams running today — apartments, laundromat, and skill games — generating $7,900/month in place. • Estimated 17.27% cap rate on current income, even before any redevelopment or repositioning upside. • GB zoning supports restaurant, bank, salon, QSR, drive-through, and more — the buyer isn't locked into one concept.
Property Taxes
| Parcel Numbers | Improvements Assessment | $224,646 CAD | |
| Land Assessment | $174,061 CAD | Total Assessment | $398,707 CAD |
Property Taxes
