501 Allegheny Riv Blvd Verona, PA 15147-1034
This exceptional retail property, located at 501 Allegheny River Blvd in Verona, Pennsylvania, presents a compelling investment opportunity. The 2,300 square foot building, situated on a half-acre lot (23,622 sq ft), is currently 100% occupied, with the lease expiring May 31, 2024. Originally constructed in 1975 and renovated in 2005, this Class B building features a single unit with an open bay area, office space, showroom, and an 8-foot overhead door, making it suitable for a variety of uses including auto shops, quick-service restaurants, or storefronts. The property boasts excellent visibility and convenient access, situated in a high-traffic area. All public utilities are available. The asking price is $359,000, translating to $156.09 per square foot. This property offers significant potential for owner-users seeking a versatile space in a thriving market, serving a demographic of 152,000 people within a 5-mile radius. The Allegheny County location, with APN 0365-B-00178-0000-00, provides easy ingress and egress, maximizing exposure for any business. This is a rare opportunity to acquire a well-maintained, strategically located retail building in a high-demand area.
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Unitary Auto Sales Car Dealership
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
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