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    606 Evans Ave McKeesport, PA 15132

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    For Sale
    $162,500

    Investment opportunity with commercial space and residential unit near UPMC.

    Lot size:
    0.06 Acres

    Property Features for 606 Evans Ave

    General Information

    Lot size
    0.06 Acres

    Source: BHHS - The Preferred Realty | City of Pittsburgh Agent Lori Kashellack

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Investment Property Near UPMC Hospital

    This investment property is located directly across from UPMC Hospital in the east suburbs of Pittsburgh. The first floor features a commercial space currently operating as a convenience store, with a lease in place at $1100 per month, ending in December of 2027. The second floor contains a 2-bedroom apartment occupied by a long-term tenant paying $900 per month. Both tenants are responsible for all utilities, including gas, electricity, water, and sewage. Recent updates include a new 50-year rubber roof, installed in February 2025, and a new first-floor HVAC system and hot water tank. The property presents a cash flow opportunity, supported by its 12.8% cap rate.
    Insight Report Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    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
    McKeesport
    County
    Allegheny
    State
    Pennsylvania
    Longitude
    -79.84976
    Latitude
    40.350018

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    FAQs

    What type of property is this?
    Grocery and convenience store - Investment opportunity with commercial space and residential unit near UPMC.
    Where is this grocery and convenience store located?
    The property is located at 606 Evans Ave McKeesport, PA.
    What is the asking price?
    The asking price for this property is $162,500.
    What are key features of this property?
    This property features: - High 12.8% Cap Rate indicating strong cash flow potential.; - Prime location directly across from UPMC Hospital.; - Two income-generating units: a commercial space and a 2-bedroom apartment.
    (412) 969-3584
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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
    606 Evans Ave McKeesport, PA 15132
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