1220 Long Run Rd White Oak, PA 15131
- Bowling alleys
- 1.29 lot acres
Current Use by Public Records
- Bowling alleys
Property Details for 1220 Long Run Rd
- Lot size
- 1.29 lot acres
- Property type
- Bowling alleys
- APN
- 552-B-76
- APU
- 552B76
Description
This exceptional 18,000-square-foot retail property, formerly a bowling alley, presents a unique redevelopment opportunity in North Versailles, Pennsylvania. Situated on a level 1.25-acre lot at 1220 Long Run Rd, White Oak, PA 15131, this single-story building offers significant potential for a variety of uses. The property is currently vacant and available for immediate occupancy under a triple-net (NNN) lease agreement. The asking price is $935,000, translating to $51.94 per square foot. Ample parking is available with 200 spaces. The C1 zoning permits a range of commercial uses, making it ideal for a single tenant or multi-tenant redevelopment project. The existing structure provides a solid foundation for adaptive reuse, offering significant cost savings compared to new construction. The ground lease is available, and lease options are open for discussion. This property's size, location, and existing infrastructure make it an attractive investment for owner-users seeking redevelopment or those looking for a substantial retail space in a growing market. The property's level site and ample parking further enhance its appeal. Consider the possibilities for a grocery outlet or other high-traffic retail establishment.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $485,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $500,000
- 6.5%
- $450,000
- 7%
- $515,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $530,000
- Geo Method
- $555,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $450,000
- Retail
- $440,000
- Mixed-Use
- $485,000
- Hospitality
- $520,000
- Educational
- $545,000
- Residential Income
- $480,000
- Energy
- $405,000
- Income-Based Land
- $525,000
- Food Service
- $480,000
Location Insight
- Map
- Local Demand
- City
- White Oak
- County
- Allegheny
- State
- Pennsylvania
- Longitude
- -79.8116
- Latitude
- 40.3341
- CBSA code
- 38300
- CBSA name
- PITTSBURGH, PA METROPOLITAN STATISTICAL AREA