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. * * Floors 8-11, 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.
Downtown Uniontown, located between the Uniontown Hospital campus and the State Theatre Center for the Arts, is a historic and civic Uniontown neighborhood with a courthouse square streetscape and a walkable grid of storefront blocks. The neighborhood’s character concentrates around the Fayette County Courthouse and Public Square, where brick facades frame coffee counters, local diners, small galleries, and service storefronts. The State Theatre Center for the Arts anchors the calendar with live performances in a classic marquee setting. The Uniontown Public Library adds a quiet, civic counterpoint in a traditional reading-room atmosphere. Architecture leans early-20th-century commercial blocks with decorative cornices and older civic buildings. Pocket parks and the square’s benches create natural pauses between errands and evening shows.
Provided by Walk Score and Local Logic
Market insights
48-52 W Main St · $3,990,000
DAYS ON MARKET
3 days
The average home goes pending in 47 days.
SALE-TO-LIST
96.6%
Most homes are selling 3% below list price.
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Basement
Parking
Assigned parking
93 parking spaces
Construction
Brick construction
Utilities
Electricity, natural gas, sewer, and water available
HOA & community
71 units in the community
Financial info
Gross income of $628,000
Utilities expense of $199,000
Insurance expense of $86,000
Electricity and solar
View estimated energy costs and solar savings for this home