1295 Grand Blvd Monessen, PA 15062
- Commercial real estate
- 22,600 SF
- 3.10 lot acres
Current Use by Public Records
- Exley Todd F / Physical Therapist
- Mc Ginley James B / Physical Therapist
- Mon Valley Community Hth Svs / Doctor
- Elaine's Hair Care / Nail Salon
- Rezk Medical Supply, an AdaptHealth company / Medical Supply Store
Property Details for 1295 Grand Blvd
- Year built
- 1960
- Construction
- BRICK
- Lot size
- 3.10 lot acres
- Property size
- 22,600 SF
- Property type
- Commercial real estate
- APN
- 20-02-10-0-459
- APU
- 2002100459
Description
This exceptional investment opportunity presents a multi-tenant retail complex situated on a sizable 3.1-acre lot at 1295 Grand Blvd, Monessen, PA. The property comprises eight diverse units, ranging from office spaces to warehouse facilities, indoor storage, and a former restaurant. Currently, all units are under lease, ensuring a consistent income stream. The sale includes an established indoor storage business, along with the transfer of all existing leases. Tenants are responsible for their individual utilities (water, sewage, electricity, and gas). The property boasts significant upgrades, including a partially replaced roof (approximately half) and recently replaced HVAC units. A substantial, well-lit parking lot, capable of accommodating roughly 100 vehicles, has also undergone recent improvements with at least one-third of the lot recently repaved. Further enhancing the property's value are included amenities such as a security system and WiFi access. This property offers a compelling blend of established income and significant potential for future growth, making it an ideal addition to any investment portfolio. The diverse range of unit sizes and types caters to a broad spectrum of tenants, ensuring long-term stability and profitability.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $275,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $275,000
- 6.5%
- $235,000
- 7%
- $250,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $285,000
- Geo Method
- $220,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $275,000
- Retail
- $260,000
- Mixed-Use
- $260,000
- Hospitality
- $275,000
- Educational
- $245,000
- Residential Income
- $295,000
- Energy
- $255,000
- Income-Based Land
- $225,000
- Food Service
- $255,000
Location Insight
- Map
- Local Demand
- City
- Monessen
- County
- Westmoreland
- State
- Pennsylvania
- Longitude
- -79.89
- Latitude
- 40.1501
- CBSA code
- 38300
- CBSA name
- PITTSBURGH, PA METROPOLITAN STATISTICAL AREA
