For Sale
$3,500,000

700 Long Run RdMcKeesport, PA 15132

High-Demand Storage, Excellent ROI

Overview

Added:
Dec 11, 2024
Days on market:
115
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.

Highlights

  • $3,500,000 asking price for a 25,600 square foot self-storage facility in McKeesport, PA.
  • 88.12% occupancy with significant upside potential due to 60% economic vacancy and lack of ancillary income streams (tenant insurance and merchandise sales).
  • Strong location on Long Run Rd (9,100+ vehicles daily) with high visibility and frontage.
  • Limited competition: only 3.38 NRSF per capita within a 3-mile radius and 4.46 NRSF per capita within a 5-mile radius.
  • 176 units in four, one-story buildings on a 2.65-acre lot, built in 2007 and renovated in 2013; generating $168,046 NOI.

Property Details for 700 Long Run Rd

Property type
Warehouses, Self storage facilities
Square Feet
25,600 SF
Year Built/Renovated
2007/2013
Buildings
4
Stories
1
Lot Size (sq. ft)
115,434 SF
Units
176

Location Insight

City
McKeesport
County
Allegheny
State
Pennsylvania
Latitude
40.321976133091
Longitude
-79.83078540129
700 Long Run Rd, McKeesport, Pennsylvania

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700 Long Run Rd
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