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    1295 Grand Blvd Monessen, PA 15062

    For Sale
    $895,000

    Multi-tenant retail property with strong leases.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    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 Features for 1295 Grand Blvd

    General Information

    Property type
    Retail properties
    Lot Size
    135,036 SF

    Building Details

    Year Built
    1960
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Exley Todd F Physical Therapist Mc Ginley James ... Physical Therapist Mon Valley Community ... Doctor Elaine's Hair Care Nail Salon Rezk Medical Supply, ... Medical Supply Store

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Monessen
    County
    Westmoreland
    State
    Pennsylvania
    Longitude
    -79.88984
    Latitude
    40.14985

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    FAQs

    What type of property is this?
    Retail property - Multi-tenant retail property with strong leases.
    Where is this retail property located?
    The property is located at 1295 Grand Blvd Monessen, PA.
    What is the asking price?
    The asking price for this property is $895,000.
    (724) 929-7228
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    1295 Grand Blvd Monessen, PA 15062
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    Monessen, PA 15062
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1295 Grand Blvd Monessen, PA 15062
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