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Property profile & analytics
FOR SALE
Commercial real estate

1295 Grand Blvd Monessen, PA 15062

22,600 SF 3.1 ac lot Built 1960
Individually Owned 2-yr Hold ~ Est. High Equity
Property ID
US73-3864827
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1960
Construction BRICK
Total area 22,600 SF
Lot 3.1 ac (135,036 SF)
APN 20-02-10-0-459
UPID US73-3864827
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Exley Todd F Physician
  • Mc Ginley James B Physician
  • Mon Valley Community Hth Svs Physician
  • Elaine's Hair Care Nail Salon
  • Rezk Medical Supply, an AdaptHealth company Medical Supply Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Patsy J Altomari · 2 yrs held
Patsy J Altomari
since 2023
Last sale
$266,000
4 recorded transactions
2023
$266,000
2016
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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