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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

610 Evans St McKeesport, PA 15132

5,262 SF Built 1925
Property ID
Property summary
AI-generated overview

This exceptional investment opportunity encompasses a thriving mixed-use property in McKeesport, PA. The offering includes the established "Double S Saloon" bar, complete with all equipment, a liquor license (including amusement, Sunday sales, and tobacco/cigarette sales permits), and a substantial inventory. Three income-generating apartments contribute to a strong cash flow, currently boasting 100% occupancy. The property consists of two buildings on three parcels, totaling 5,262 square feet on a 7,049 square foot lot, zoned C-5. The main building is a two-story structure built in 1925, housing the bar and apartments. A duplex is also included at 608 Evans St, and a vacant lot at 700 Evans St. The apartments generate $5,140 in monthly rent ($750 for a 1-bedroom, $650 for a 2-bedroom, and $900 for a 3-bedroom currently under renovation). The bar and office space generate an additional $2,800 monthly, plus additional income from an ATM, skill games, alcohol, and food sales. The property's prime location across from UPMC McKeesport Hospital in the East Suburbs of Pittsburgh offers significant potential for continued growth and profitability. The asking price is $830,000, representing a 6.21% cap rate based on real estate income alone. Additional bar revenue is available upon request to qualified buyers.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1925
Total area 5,262 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
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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