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    FOR SALE
    Commercial real estate

    1295 Grand Blvd, Monessen, PA 15062

    22,600 SF 3.1 ac lot Built 1960
    Individually Owned 2-yr Hold ~ Est. High Equity
    Property ID
    US73-3864827
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a multi-tenant retail complex situated on a sizable 3.1-acre lot at 1295 Grand Blvd, Monessen, PA. The property comprises eight diverse units, ranging from office spaces to warehouse facilities, indoor storage, and a former restaurant. Currently, all units are under lease, ensuring a consistent income stream. The sale includes an established indoor storage business, along with the transfer of all existing leases. Tenants are responsible for their individual utilities (water, sewage, electricity, and gas). The property boasts significant upgrades, including a partially replaced roof (approximately half) and recently replaced HVAC units. A substantial, well-lit parking lot, capable of accommodating roughly 100 vehicles, has also undergone recent improvements with at least one-third of the lot recently repaved. Further enhancing the property's value are included amenities such as a security system and WiFi access. This property offers a compelling blend of established income and significant potential for future growth, making it an ideal addition to any investment portfolio. The diverse range of unit sizes and types caters to a broad spectrum of tenants, ensuring long-term stability and profitability.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1960
    Construction BRICK
    Total area 22,600 SF
    Lot 3.1 ac (135,036 SF)
    APN 20-02-10-0-459
    UPID US73-3864827
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Exley Todd F Physician
    • Mc Ginley James B Physician
    • Mon Valley Community Hth Svs Physician
    • Elaine's Hair Care Nail Salon
    • Rezk Medical Supply, an AdaptHealth company Medical Supply Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Patsy J Altomari · 2 yrs held
    Patsy J Altomari
    since 2023
    Last sale
    $266,000
    4 recorded transactions
    2023
    $266,000
    2016
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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