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Property profile & analytics
OFF-MARKET
Commercial real estate

15 Eastgate Ave Monessen, PA 15062

0.84 ac lot Built 1950
Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Commercial real estate
Year built 1950
Lot 0.84 ac (36,590 SF)
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
  • Cicchini Dental LLC Dental Office
  • Patton Electric LLC Electrical Service General Contractor
  • Cicchini Joseph M DDS Dental Office
  • Obsessions Beauty Bar Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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