The Fayette Building

71 Unit Apartment Building | $4,500,000 ($63,380/Unit) | 6.30% Cap Rate | Uniontown, PA 15401

Asking Price $4,500,000

Property Type: Multifamily
Square Feet: 211,559 SF

Listing Contacts

Bryan Donaldson

Verified Profile

Keane George

Verified Profile

Property Info

Property Overview

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 Details

Class: C
Year Built: 1901
Stories: 11
Property Subtype: Storefront Retail/Residential
Lot Size (sq. ft): 20,909 SF
Units: 71

Highlights

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

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