For Sale
$1,500,000

623 Long Run RdMcKeesport, PA 15132

High-return, established bar & restaurant

Overview

Added:
Dec 11, 2024
Days on market:
114
Exceptional investment opportunity in McKeesport, PA. This established, 40,000 square foot, two-story Class B retail property boasts a 23.67% cap rate and a strong NOI of $355,078. Currently operating at 100% occupancy with a single tenant, the property includes a bar and restaurant generating approximately $33,000 monthly revenue. The building, constructed in 1970 and renovated in 2014, sits on a 3.7-acre lot with ample parking (125 spaces). The property features a permitted commercial zoning and includes a separate 4,000 square foot, three-bedroom apartment renting for $3,000 per month. An additional 1,500 square feet of vacant space presents potential for increased revenue. The property's location on Long Run Rd sees high traffic volume. This stabilized investment offers significant potential for a savvy investor. The property's APN is 0554-E-233, 0554-E-225. The lease expires October 31, 2024.

Highlights

  • Exceptional investment opportunity: 40,000 SF Class B retail property in McKeesport, PA, boasting a 23.67% cap rate and $355,078 NOI.
  • Seller financing available to qualified buyers.
  • 40,000 SF building on a 3.7-acre lot with 125 parking spaces and high traffic count (over 18,000 cars daily).

Property Details for 623 Long Run Rd

Property type
Retail properties, Restaurants
Square Feet
40,000 SF
Class
B
Year Built/Renovated
1970/2014
Buildings
1
Stories
2
Lot Size (sq. ft)
161,172 SF
Units
1

Location Insight

City
McKeesport
County
Allegheny
State
Pennsylvania
Latitude
40.3234518
Longitude
-79.8314844
623 Long Run Rd, McKeesport, Pennsylvania

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623 Long Run Rd
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