Historic Retail Station
99 Ohio River Blvd Leetsdale, PA 15056
99 Ohio River Blvd, Leetsdale, PA, 15056
$699,000
For Sale
$699,000
Fully renovated circa 1900 station building is 100% leased under triple-net terms.
Property Size2,586 SF
Lot Size0.46 Acres
Price / SF$270.30
Days on Market194
Property Features for 99 Ohio River Blvd
General Information
- Standard status
- Active
- Size
- 2,586 SF
- Lot size
- 0.46 Acres
Listing Agency
PIATT SOTHEBY'S INTERNATIONAL REALTY
(412) 471-4900
Listed by
Dani Gundlach
(412) 471-4900
Source
Exprealty
Added: Jan 8 Updated: Jul 20 at 4:52 pm Checked: Jul 20 at 4:52 pm
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 PIATT SOTHEBY'S INTERNATIONAL REALTY
Investment Insights
Based on property information with market context.
A fully renovated circa 1900 former Pennsylvania Railroad station offers a total building size of approximately 2,586 SF on about 0.46 acres. The property is presented as 100% leased under triple-net (NNN) terms, with tenants responsible for pro-rata common area maintenance, taxes, and insurance, while the landlord’s responsibility is limited to the roof.
Leasing includes Subway (approximately 1,100 SF) with a 5-year term starting in 2024 and three 5-year option periods with 10% increases. Cigars & Ash (approximately 1,100 SF) carries a 5-year term starting in 2025 with three 5-year option periods with 10% increases. Base rent is listed at about $36,000 per year for Subway and about $30,000 per year for Cigars & Ash, with the property described as high visibility along Route 65 and offering ample parking.
Leasing includes Subway (approximately 1,100 SF) with a 5-year term starting in 2024 and three 5-year option periods with 10% increases. Cigars & Ash (approximately 1,100 SF) carries a 5-year term starting in 2025 with three 5-year option periods with 10% increases. Base rent is listed at about $36,000 per year for Subway and about $30,000 per year for Cigars & Ash, with the property described as high visibility along Route 65 and offering ample parking.
Key Highlights
- Circa 1900 former Pennsylvania Railroad station building fully renovated and 100% leased under triple‑net (NNN) terms
- About 2,586 SF on 0.46 acres along the Ohio River
- NNN lease structure: tenants cover pro‑rata common area maintenance, taxes, and insurance; landlord limited to roof
Local Financial Insights For 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 | $46.5k | $18.00 |
| − Vacancy | −$3.5k | −$1.35 |
| EGI | $43.1k | $16.65 |
| − OpEx | −$12.9k | −$5.00 |
| NOI | $30.1k | $11.66 |
2,586 SF · lease $18.00/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$430.6K
$376.8K – $502.3K
NOI $30,140 @ 7.0% cap · market cap 4.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$658.7K
$576.4K – $768.5K
NOI $46,109 @ 7.0% cap · market cap 6.60%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Storefront properties
FAQs
What type of property is this?
NNN property - Fully renovated circa 1900 station building is 100% leased under triple-net terms.
Where is this nnn property located?
The property is located at 99 Ohio River Blvd Leetsdale, PA.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Circa 1900 former Pennsylvania Railroad station building fully renovated and 100% leased under triple‑net (NNN) terms; About 2,586 SF on 0.46 acres along the Ohio River; NNN lease structure: tenants cover pro‑rata common area maintenance, taxes, and insurance; landlord limited to roof
