$3,990,000

48-52 W Main St, Uniontown, PA 15401

• 1900 built

Type

Condominium

County

Fayette

Lot

0.14 acres

MLS #

1780619

About this home

Discover an exceptional multifamily investment and redevelopment opportunity in the heart of downtown Uniontown! The historic Fayette Bank Building is a known landmark offering approximately 200,000 square feet of total space, **71 occupied, income- producing residential units**, a **93-space parking lot**, and a separate three-story commercial building currently leased to an antique shop. This unique mixed-use property combines established rental income with significant potential for expansion and future development. The building's impressive first floor space features stunning historic architecture, an ornate rotunda, decorative ceilings, and an original bank vault, creating an exciting opportunity for a potential event venue, banquet hall, restaurant, retail destination, or other commercial use. **Floors 2–7, which were previously commercial offices, now offer substantial potential for conversion into additional residential apartments or commercial spaces**, presenting investors with an opportunity to significantly increase the property's unit count and rental income. The existing residential floors feature apartments ranging from efficiencies to three-bedroom layouts, supported by passenger and freight elevators. The separate three-story commercial building provides an additional income-producing component, while the **93-space parking lot** offers valuable parking capacity for residents, tenants, and visitors. Prominently situated at the corner of West Main and Pittsburgh Streets, the Fayette Building showcases striking stone-and-brick architecture and a commanding presence in downtown Uniontown. With multiple existing income streams, expansive commercial space, significant residential expansion potential, and historic architectural character, this property presents a rare opportunity for investors and developers seeking both immediate income and long-term value creation.

Courtesy of KELLER WILLIAMS STEEL CITY