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    6978 State St Hermitage, PA 16148

    For Sale
    $525,000

    High-Cashflow Storage Business, Expansion Potential

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    314
    This exceptional investment opportunity presents an 84-unit storage facility ideally located at 6978 E State St, Hermitage, PA. Situated on a sizable 3.12-acre lot, this property boasts a proven track record of strong cash flow and low overhead expenses, making it an attractive proposition for discerning investors. The existing facility offers 84 individual storage units, providing a substantial revenue stream. The property's strategic location ensures high traffic counts, maximizing visibility and accessibility for customers. Further enhancing its profitability, the property generates additional income through ground leases for storage sheds and billboard advertising. This diversified income stream contributes significantly to the overall return on investment. The ample land provides significant potential for future expansion, allowing for the addition of more storage units or other complementary businesses to further increase revenue. This turnkey operation is ready for immediate ownership and offers a rare chance to acquire a well-established, profitable business with considerable growth potential in a desirable location. Financial records demonstrating the consistent cash flow are available upon request. This is a unique opportunity to acquire a stable and expanding business with multiple income streams. The property's strong performance history and expansion possibilities make it an exceptional investment in the thriving Hermitage market.

    Property Features for 6978 State St

    General Information

    Property type
    Investment properties
    Lot Size
    135,907 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Top Shelf Storage Self-Storage Facility

    Suggested Use

    Building Supply Auto Repair Shop Wholesale Shop Storage Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Hermitage
    County
    Mercer
    State
    Pennsylvania
    Longitude
    -80.37836
    Latitude
    41.23655

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    FAQs

    What type of property is this?
    Investment property - High-Cashflow Storage Business, Expansion Potential
    Where is this investment property located?
    The property is located at 6978 State St Hermitage, PA.
    What is the asking price?
    The asking price for this property is $525,000.
    (724) 662-2740
    Request Owner's contact information
    6978 State St Hermitage, PA 16148
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    Hermitage, PA 16148
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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
    6978 State St Hermitage, PA 16148
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