610 Evans Ave Mckeesport, PA 15132-2002

Property Details for 610 Evans Ave

Year built

1905

Lot size

0.05 lot acres

Property type

Retail residential properties

APN

307-M-191

APU

307M191

Description

This exceptional investment opportunity encompasses three parcels totaling 0.05 acres at 610, 608, and 700 Evans Avenue in Mckeesport, PA. The property boasts a fully operational bar, "Double S Saloon," complete with all equipment, stock, and a restaurant liquor license, including Sunday sales permits, amusement/entertainment licenses, skill games, and an ATM. A CIAA exception and tobacco/cigarette sales permits are also included. The bar and office space generate $2,800 in monthly revenue. In addition, three income-producing apartments contribute significantly to the property's cash flow: a one-bedroom unit at $750/month, a two-bedroom unit at $650/month, and a three-bedroom unit (currently under renovation) projected to rent for $900/month. Two additional parking spots generate $60/month. The total monthly real estate revenue is $5,140, representing a 6.21% capitalization rate. The bar's revenue from ATM, skill games, alcohol, and food sales is an additional income stream beyond the real estate revenue. The property's prime location across from UPMC Hospital in the East Suburbs of Pittsburgh makes it an exceptionally attractive investment. This multi-parcel property presents a rare chance to acquire a turnkey commercial operation with significant potential for growth. The asking price is $825,000.

Location Insight

City

Mckeesport

County

Allegheny

State

Pennsylvania

Longitude

-79.8498

Latitude

40.3499

CBSA code

38300

CBSA name

PITTSBURGH, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments