2016 Noble St Pittsburgh, PA 15218

Property Details for 2016 Noble St

Lot size

0.15 lot acres

Property type

Commercial real estate

APN

178-D-298

APU

178D298

Description

This exceptional investment opportunity presents a single-tenant, 5,300 square foot daycare center located at 2016 Noble Street in Swissvale, Pennsylvania. Situated on a 0.25-acre lot (APN: 0178-D-00298-0000-00, 0178-D-00301-0000-00) within the Central Business District, this property boasts a strong 9.53% cap rate and a substantial net operating income (NOI) of $30,408. The current tenant, operating since 2019, recently renewed their lease, ensuring a stable income stream through March 31, 2029 (a remaining term of 5 years). The property features attractive architecture, a large parking lot (separate parcel), and a newer HVAC system. The tenant is responsible for all utilities (gas, electric, water), lawn/shrubbery care, and snow removal. Annual property taxes are $7,490, and the 2023 insurance premium was $1,702. The asking price is $319,000. This property is conveniently located just 9 miles from downtown Pittsburgh, 15 minutes from the Waterfront, 10 minutes from Kennywood Park, and less than a mile from Route 376. Detailed income and expense information is available upon request. The tenant pays a monthly rent of $3,300. This is a rare opportunity to acquire a well-maintained, high-performing daycare center with a long-term lease in a desirable location. The property is zoned for Central Business District use. The building is a single-story structure. Occupancy is currently at 100%.

Location Insight

City

Swissvale

County

Allegheny

State

Pennsylvania

Longitude

-79.8866

Latitude

40.4213

CBSA code

38300

CBSA name

PITTSBURGH, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments