For Sale
$895,000

1295 Grand Blvd Monessen, PA 15062

Multi-tenant retail property with strong leases.

Overview

Added:
Feb 3
Days on market:
81
This exceptional investment opportunity presents a multi-tenant retail complex situated on a sizable 3.1-acre lot at 1295 Grand Blvd, Monessen, PA. The property comprises eight diverse units, ranging from office spaces to warehouse facilities, indoor storage, and a former restaurant. Currently, all units are under lease, ensuring a consistent income stream. The sale includes an established indoor storage business, along with the transfer of all existing leases. Tenants are responsible for their individual utilities (water, sewage, electricity, and gas). The property boasts significant upgrades, including a partially replaced roof (approximately half) and recently replaced HVAC units. A substantial, well-lit parking lot, capable of accommodating roughly 100 vehicles, has also undergone recent improvements with at least one-third of the lot recently repaved. Further enhancing the property's value are included amenities such as a security system and WiFi access. This property offers a compelling blend of established income and significant potential for future growth, making it an ideal addition to any investment portfolio. The diverse range of unit sizes and types caters to a broad spectrum of tenants, ensuring long-term stability and profitability.

Property Details for 1295 Grand Blvd

Property type
Retail properties
Year Built
1960
Lot Size (sq. ft)
135,036 SF

Location Insight

City
Monessen
County
Westmoreland
State
Pennsylvania
Latitude
40.14985
Longitude
-79.88984

FAQs

What type of property is this?
Retail property - Multi-tenant retail property with strong leases.
Where is the retail property located?
The property is located at 1295 Grand Blvd Monessen, PA.
What is the asking price?
The asking price for this property is $895,000.
How can I contact the broker?
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1295 Grand Blvd
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