Property profile

1295 Grand Blvd Monessen, PA 15062

FOR SALE
Commercial real estate
Property ID
US73-3864827
22,600 SF 3.1 ac lot Built 1960
Individually Owned 3-yr Hold ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • Physician
  • Physician
  • Physician
  • Nail Salon
  • Medical Supply Store

Location

1295 Grand Blvd Monessen, PA 15062
Monessen metro Census 805500 PITTSBURGH, PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$275k

Owner & transaction history

since 2023
Last sale
$266,000
4 recorded transactions
2023
$266,000
2016
Price N/A
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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