2014-2016 Noble St Pittsburgh, PA 15218
- Day care centers
- 1 SF
Current Use by Public Records
- Day care centers
Property Details for 2014-2016 Noble St
- Property size
- 1 SF
- Property type
- Day care centers
- Property subtype
- Retail properties
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Pittsburgh
- County
- Allegheny
- State
- Pennsylvania
- Longitude
- -79.8864
- Latitude
- 40.4214
