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    15 Eastgate Ave Monessen, PA 15062

    For Sale
    $650,000

    Versatile Multi-Unit Building, High Income Potential

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    312
    This exceptional commercial property at 15 Eastgate Ave, Monessen, PA, presents a unique investment opportunity. Located in the Gateway Business District with B-3 zoning, this two-level brick building boasts a substantial 15,952 square feet of space across two levels. The property sits on a 0.84-acre lot and includes a large, paved parking lot accommodating 50+ vehicles, providing ample parking for tenants and visitors. The upper level, exceeding 7,000 square feet, currently functions as a recreational hall, complete with two exterior entrances, a loading dock, bar area, kitchen, five bathrooms (one with a dressing area), office space, and extensive storage. This space is immediately rentable as a social hall. The lower level, accessible via its own entrance from a well-maintained parking lot and sidewalk encircling the building, offers an additional 7,952 square feet of leasable space. Currently occupied by a dental practice, beauty salon, and at least three other tenants, this level provides significant rental income potential. The building's solid construction and versatile layout offer numerous possibilities for future development and income generation. The property's prime location and ample parking make it an attractive option for a wide range of businesses. This is a rare opportunity to acquire a substantial commercial property with immediate income potential and significant upside. The asking price is $650,000.

    Property Features for 15 Eastgate Ave

    General Information

    Property type
    Other commercial real estate
    Lot Size
    36,590 SF

    Building Details

    Year Built
    1950
    Property Profile Location Intelligence

    Current Use by Public Records

    Cicchini Dental LLC Dentist Patton Electric LLC Electrician Cicchini Joseph M ... Dentist Obsessions Beauty Bar Beauty Salon

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Monessen
    County
    Westmoreland
    State
    Pennsylvania
    Longitude
    -79.87288
    Latitude
    40.15946

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    FAQs

    What type of property is this?
    Commercial real estate - Versatile Multi-Unit Building, High Income Potential
    Where is this commercial real estate located?
    The property is located at 15 Eastgate Ave Monessen, PA.
    What is the asking price?
    The asking price for this property is $650,000.
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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
    15 Eastgate Ave Monessen, PA 15062
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