3107 Library Rd, Pittsburgh, PA 15234-2628
- Parking lots & garages
- 0.10 lot acres
Current Use by Public Records
- GetGo Gas car wash / Car Wash
- GetGo Gas Station / Gas Station
- WetGo Car Wash / Car Wash
Property Details for 3107 Library Rd
- Lot size
- 0.10 lot acres
- Property type
- Parking lots & garages
- APN
- 190-C-208
- APU
- 190C208
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Dec 3, 2024 | $4,737,000 | Agree Shelf Pa L L C | Wetgo Portfolio III L L C | Special Warranty Deed | — |
| May 5, 2022 | $1,421,000 | Wetgo Portfolio III L L C | Echo Portfolio III L L C | Special Warranty Deed | — |
| Feb 18, 2022 | $1,421,000 | Echo Portfolio III L L C | David G Calabria | Special Warranty Deed | — |
| Sep 26, 2007 | — | David G Calabria | Owner,record | Grant Deed · related | — |
| — | — | David G Calabria | — | Deed Of Trust · related | $400k · Iron & Glass Bank |
| — | — | David G Calabria | — | Deed Of Trust · related | $400k · Pennsylvania State Chartered |
Description
Exceptional investment opportunity: This fee-simple, 3,510 square foot WetGo car wash in Castle Shannon, PA, presents a compelling net lease investment. Located at 3107 Library Rd, 15234, this 2023-built property sits on a 1.03-acre lot and boasts a 6.50% cap rate with a strong NOI of $326,891. The property benefits from a 19-year remaining lease term with a corporate guarantee from a reputable national brand, ensuring consistent income. Rent increases are built into the lease, with a 5% increase every 5 years and a 2.5% increase at each option period (8x5 years). The property enjoys high visibility in a high-traffic area with over 20,028 vehicles passing daily. The location is within a thriving retail corridor near major roadways and other national retailers, serving a dense population with high average household incomes ($96,900-$106,400 within a 1-5 mile radius). This is a rare opportunity to acquire a high-performing asset with significant long-term growth potential. 100% occupancy. All expenses are the responsibility of the tenant.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $4,735,000
- ML approach
- $4,735,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Pittsburgh
- County
- Allegheny
- State
- Pennsylvania
- Longitude
- -80.0059
- Latitude
- 40.3733
- CBSA code
- 38300
- CBSA name
- PITTSBURGH, PA METROPOLITAN STATISTICAL AREA
