Property profile

514 Washington Rd Mt Lebanon, PA 15228

FOR SALE
Retail space
Property ID
US73-2782300
0.2 ac lot
Individually Owned 5-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional Class A mixed-use property, located at 514 Washington Rd in Mt. Lebanon, Pennsylvania, presents a compelling investment opportunity. The 5,400 square foot building boasts a 100% occupancy rate across four tenants, generating a strong 7.50% cap rate at an asking price of $1,350,000 ($250/sq ft). The property is comprised of a blend of medical office, storefront, and traditional office spaces, catering to a diverse tenant base. Its stabilized investment profile, with a gross lease structure, ensures predictable cash flow. Situated in one of Pittsburgh's most desirable suburbs, this well-maintained building offers significant advantages, including valuable off-street parking – a highly sought-after amenity in this area. The property's prime location in Allegheny County, PA, 15228, ensures high visibility and accessibility. This is a rare opportunity to acquire a fully leased, high-performing asset in a thriving market. The five units are currently occupied under multi-tenant leases. This investment is ideal for those seeking a stable, high-return investment in a premier location.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Lot 0.2 ac (8,619 SF)
APN 141-B-65
UPID US73-2782300

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Ophthalmologist (Bike/Boat/Book/etc) Store
  • (Bike/Boat/Book/etc) Store Cosmetic Store
  • Pharmacy
  • Hair Salon Nail Salon
  • Gym & Fitness Center Alternative Medicine Practice

Location

514 Washington Rd Mt Lebanon, PA 15228
Mt Lebanon metro Census 473200 PITTSBURGH, PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$265k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$265k

Owner & transaction history

since 2021
4 recorded transactions
2021
Price N/A
2021
Price N/A
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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