Property profile

1 Chicago Ave Elizabeth, PA 15037

OFF-MARKET
Warehouses
Property ID
US73-1160060
2.33 ac lot
Individually Owned 24-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 52,000-square-foot warehouse in Elizabeth, Pennsylvania, presents a significant opportunity for industrial businesses. Located at 1 Chicago Ave, this single-tenant property sits on a substantial 2.327-acre lot, offering ample space for operations and storage. The building boasts four convenient drive-in doors, facilitating efficient loading and unloading. Three-phase power is readily available, catering to the needs of various industrial applications. The property's M-1 Light Industrial zoning allows for a wide range of uses, including light manufacturing, distribution, and logistics. Its strategic location provides easy access to major transportation arteries, being less than one mile from Route 51 and three miles from Route 43, ensuring seamless transportation and logistics. The expansive lot size also allows for a secure laydown yard, adding to the property's versatility and operational efficiency. This warehouse is ready for immediate occupancy, offering a blank canvas for your business to thrive in Allegheny County. The property is zoned for M-1 Light Industrial use. This is a rare opportunity to secure a large, well-located industrial space in a thriving area.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Lot 2.33 ac (101,364 SF)
APN 1001-N-188
UPID US73-1160060

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Distribution Center Logistics Company

Location

1 Chicago Ave Elizabeth, PA 15037-1766
Elizabeth metro Census 496102 PITTSBURGH, PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$380k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$380k

Owner & transaction history

since 2002
1 recorded transaction
2002
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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