1127 Wayne Ave Mc Kees Rocks, PA 15136

This exceptional 63,000 square foot mixed-use property, situated on a 4.9-acre lot in McKees Rocks, Pennsylvania, presents a unique redevelopment opportunity. Originally constructed in 1927 and extensively renovated between 2019 and 2022 (with over $700,000 invested), this former high school boasts a two-story, single-building structure with 60,000 square feet of net rentable space. Currently operating at 100% occupancy as of February 10, 2024, the property offers significant potential for various uses, including senior living, a community center, or conversion into apartments. Its versatile zoning allows for a wide range of possibilities. The property features ample off-street parking and benefits from its location within an Opportunity Zone, providing attractive tax advantages for investors. Significant renovations include the installation of over 2,500 glass block windows, removal of ceiling panels and plaster in the auditorium, and a silicone sealant roof coating (applied twice). The property enjoys a spectacular view of the Pittsburgh skyline and unique terraced grounds. Property taxes were waived. APN: 0072-M-00230, 0072-M-00290. Asking price: $1,450,000 ($23.02/sq ft). This is a rare chance to acquire a substantial property in a mature neighborhood with high demand for new housing and limited undeveloped land.