2222 Freeport Rd, New Kensington, PA 15068
Bar/restaurant on 1.5 acres with redevelopment potential.
- Added:
- Jan 24, 2025
- Days on Market:
- 505
- Last Refresh:
- Jan 20 at 11:07 am
Property Features for 2222 Freeport Rd
General Information
- Standard status
- Active
- Size
- 1,500 SF
- Lot size
- 1.50 Acres
Listing agent Brandi Cugini (412) 361-4000
Listing office Howard Hanna Real Estate Services (412) 361-4000
Listing date Jan 24, 2025
Source Exprealty
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Howard Hanna Real Estate Services
HighLights
- 1.5 acre property presents an excellent investment opportunity.
- Two parcels included.
- Approximately 1500 sq ft building on site.
- Building suitable for multiple uses.
- Previously used as a bar/restaurant.
Overview
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $27.0k | $18.00 |
| − Vacancy | −$1.8k | −$1.17 |
| EGI | $25.2k | $16.83 |
| − OpEx | −$6.3k | −$4.21 |
| NOI | $18.9k | $12.62 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Big Shots Bar & Grill — 828 7th St, New Kensington, PA 15068
- Jillian’s Restaurant — 400 Freeport St, New Kensington, PA 15068
- Valley's Bar — 872 7th St, New Kensington, PA 15068
- Stella’s Beer Barn — 400b Freeport St, New Kensington, PA 15068
- Normandy's Bar — 603 4th St #1, New Kensington, PA 15068
Location Insight
- Map
- Local Demand
- City
- New Kensington
- County
- Westmoreland
- State
- Pennsylvania
- Longitude
- -79.7561
- Latitude
- 40.5855
