2014-2016 Noble St Pittsburgh, PA 15218
This exceptional investment opportunity presents a thriving daycare center located at 2014-2016 Noble Street in Swissvale, Pennsylvania, just nine miles from downtown Pittsburgh. The property, a former bank building boasting beautiful architecture, offers 1 square foot of retail space and is currently 100% occupied by a long-term tenant under a modified net lease extending through 2029. The tenant, in place since 2019, consistently pays $3,300 per month ($39,600 annually gross), covering gas, electric, water, landscaping, and snow removal. The property benefits from a separate large parking lot, a significant advantage for a daycare. The building features a newer HVAC system. Annual property taxes are $7,490, and the 2023 insurance premium was $1,702, resulting in a substantial net annual income of $30,408. Its convenient location offers easy access to major roadways, including Route 376, and is within close proximity to popular attractions like Kennywood Park and the Waterfront. Showings are available outside of daycare operating hours. This is a rare chance to acquire a stable, income-generating property with a proven track record in a desirable location. The asking price for this turnkey investment is $319,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.