For Sale
$235,000

201 Unity WayGreensburg, PA 15601

6,200 SF Flex Space, Great Investment

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional mixed-use property at 201 Unity Way, Greensburg, PA 15601, presents a compelling investment opportunity. The 6,200 square-foot building sits on a 0.088-acre lot and features a blend of flex space, garage/parking, and warehouse areas, totaling 6,264 square feet across two stories. Currently configured with a leased 1,500 square-foot, three-bedroom, two-bathroom apartment, the property also includes 3,100 square feet of garage space and 1,600 square feet of warehouse/office space. An additional 1,500 square feet of usable attic space is also available. The garage boasts an impressive 8-13 foot ceiling height, a 2-stage 200 psi commercial compressor, and a separate bathroom with a small office area. The property is currently under a net lease, with a one-year term commencing November 1, 2023, and expiring October 31, 2024. The asking price is $235,000, representing a current cap rate of 5.96% and a pro-forma cap rate of 14.46%, with a current NOI of $14,000 and a pro-forma NOI of $33,990. The property is zoned R-2, general residential, and is well-maintained, with existing property management in place. This versatile property is ideal for owner-users or investors seeking a multi-use building in a convenient location. The building consists of one building with two units.

Highlights

  • High-quality construction.
  • Excellent condition and upkeep.
  • Recently renovated apartment units.
  • Fully leased building.
  • Professional property management in place.

Property Details for 201 Unity Way

Property type
Warehouses, Specialty properties
Square Feet
6,264 SF
Class
B
Buildings
1
Stories
2
Lot Size (sq. ft)
3,833 SF
Units
2

Location Insight

City
Greensburg
County
Westmoreland
State
Pennsylvania
Latitude
40.2934201
Longitude
-79.5406299
201 Unity Way, Greensburg, Pennsylvania

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201 Unity Way
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