This exceptional investment opportunity presents a single-tenant, 5,300 square foot daycare center located at 2016 Noble Street in Swissvale, Pennsylvania. Situated on a 0.25-acre lot (APN: 0178-D-00298-0000-00, 0178-D-00301-0000-00) within the Central Business District, this property boasts a strong 9.53% cap rate and a substantial net operating income (NOI) of $30,408. The current tenant, operating since 2019, recently renewed their lease, ensuring a stable income stream through March 31, 2029 (a remaining term of 5 years). The property features attractive architecture, a large parking lot (separate parcel), and a newer HVAC system. The tenant is responsible for all utilities (gas, electric, water), lawn/shrubbery care, and snow removal. Annual property taxes are $7,490, and the 2023 insurance premium was $1,702. The asking price is $319,000. This property is conveniently located just 9 miles from downtown Pittsburgh, 15 minutes from the Waterfront, 10 minutes from Kennywood Park, and less than a mile from Route 376. Detailed income and expense information is available upon request. The tenant pays a monthly rent of $3,300. This is a rare opportunity to acquire a well-maintained, high-performing daycare center with a long-term lease in a desirable location. The property is zoned for Central Business District use. The building is a single-story structure. Occupancy is currently at 100%.
Highlights
5,300 SF single-tenant daycare center in Swissvale, PA, on a 0.25-acre lot.
Strong 9.53% cap rate and $30,408 NOI.
Long-term lease with 5 years remaining (expires March 31, 2029), current rent $3,300/month.
Attractive architecture, ample parking, and newer HVAC system; tenant responsible for all utilities and maintenance.
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Contacts
Josh Swinehart
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2016 Noble St, Pittsburgh, Pennsylvania, 15218
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The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
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2016 Noble St
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