700 Long Run Rd Mckeesport, PA 15132-7427
- Warehouses
- 2.65 lot acres
Current Use by Public Records
- Zeke's Self Storage / General Contractor / Moving And Storage Service
Property Details for 700 Long Run Rd
- Lot size
- 2.65 lot acres
- Property type
- Warehouses
- Property subtype
- Self storage facilities
- APN
- 554-E-142
- APU
- 554E142
Description
This McKeesport, PA self-storage facility offers 176 non-climate-controlled units totaling 25,600 net rentable square feet, situated on a 2.65-acre lot. Built in 2007 and renovated in 2013, the property comprises four single-story buildings and boasts 88.12% occupancy, generating a strong NOI of $168,046. The facility benefits from a prime location on Long Run Road, experiencing over 9,100 vehicles daily, and enjoys excellent visibility. With minimal competition (3.38 NRSF per capita within a 3-mile radius and 4.46 NRSF per capita within 5 miles), and a substantial economic vacancy of 60%, this property presents significant upside potential. Further revenue growth can be achieved through improved management practices, including the introduction of tenant insurance and merchandise sales. The property also includes 75 outside parking spaces and generates additional income from an on-site billboard. McKeesport's diverse economy, driven by manufacturing and ongoing revitalization efforts, including the McKeesport Waterfront Redevelopment, provides a strong foundation for continued growth. The property's proximity to major highways and Pittsburgh further enhances its appeal. The asking price is $3,500,000.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Mckeesport
- County
- Allegheny
- State
- Pennsylvania
- Longitude
- -79.8313
- Latitude
- 40.3215
- CBSA code
- 38300
- CBSA name
- PITTSBURGH, PA METROPOLITAN STATISTICAL AREA
