For Sale
$830,000

610 Evans StMcKeesport, PA 15132

Cash-flowing bar, apartments, & lot

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity encompasses a thriving mixed-use property in McKeesport, PA. The offering includes the established "Double S Saloon" bar, complete with all equipment, a liquor license (including amusement, Sunday sales, and tobacco/cigarette sales permits), and a substantial inventory. Three income-generating apartments contribute to a strong cash flow, currently boasting 100% occupancy. The property consists of two buildings on three parcels, totaling 5,262 square feet on a 7,049 square foot lot, zoned C-5. The main building is a two-story structure built in 1925, housing the bar and apartments. A duplex is also included at 608 Evans St, and a vacant lot at 700 Evans St. The apartments generate $5,140 in monthly rent ($750 for a 1-bedroom, $650 for a 2-bedroom, and $900 for a 3-bedroom currently under renovation). The bar and office space generate an additional $2,800 monthly, plus additional income from an ATM, skill games, alcohol, and food sales. The property's prime location across from UPMC McKeesport Hospital in the East Suburbs of Pittsburgh offers significant potential for continued growth and profitability. The asking price is $830,000, representing a 6.21% cap rate based on real estate income alone. Additional bar revenue is available upon request to qualified buyers.

Highlights

  • Thriving mixed-use property in McKeesport, PA, across from UPMC McKeesport Hospital.
  • Strong cash flow from both real estate rentals and the established Double S Saloon bar.
  • Turnkey bar operation included: all equipment, liquor license (including amusement, Sunday sales, and tobacco permits), and inventory.

Property Details for 610 Evans St

Property type
Retail properties, Bars
Square Feet
5,262 SF
Year Built
1925
Buildings
2
Stories
2
Units
4

Location Insight

City
McKeesport
County
Allegheny
State
Pennsylvania
Latitude
40.349890686564
Longitude
-79.849532141096
610 Evans St, McKeesport, Pennsylvania

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610 Evans St
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