For Sale
$319,000

2014-2016 Noble St Pittsburgh, PA 15218

Historic Swissvale Daycare, High Income

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional investment opportunity presents a thriving daycare center located at 2014-2016 Noble Street in Swissvale, Pennsylvania, just nine miles from downtown Pittsburgh. The property, a former bank building boasting beautiful architecture, offers 1 square foot of retail space and is currently 100% occupied by a long-term tenant under a modified net lease extending through 2029. The tenant, in place since 2019, consistently pays $3,300 per month ($39,600 annually gross), covering gas, electric, water, landscaping, and snow removal. The property benefits from a separate large parking lot, a significant advantage for a daycare. The building features a newer HVAC system. Annual property taxes are $7,490, and the 2023 insurance premium was $1,702, resulting in a substantial net annual income of $30,408. Its convenient location offers easy access to major roadways, including Route 376, and is within close proximity to popular attractions like Kennywood Park and the Waterfront. Showings are available outside of daycare operating hours. This is a rare chance to acquire a stable, income-generating property with a proven track record in a desirable location. The asking price for this turnkey investment is $319,000.

Highlights

  • Thriving daycare center in Swissvale, PA, 9 miles from downtown Pittsburgh.
  • 100% occupied by long-term tenant under a modified net lease through 2029, generating $39,600 annual gross income.
  • Features a large parking lot and newer HVAC system.
  • Strong net annual income of $30,408 after expenses (taxes and insurance).
  • Convenient location near Route 376, Kennywood Park, and the Waterfront.

Property Details for 2014-2016 Noble St

Property type
Day care centers & nurseries, Retail properties
Square Feet
1 SF

Location Insight

City
Pittsburgh
County
Allegheny
State
Pennsylvania
Latitude
40.4213533
Longitude
-79.8863692

FAQs

What type of property is this?
Day care center & nursery - Historic Swissvale Daycare, High Income
Where is the day care center & nursery located?
The property is located at 2014-2016 Noble St Pittsburgh, PA.
What is the asking price?
The asking price for this property is $319,000.
What are key features of this property?
This property features: Thriving daycare center in Swissvale, PA, 9 miles from downtown Pittsburgh.; 100% occupied by long-term tenant under a modified net lease through 2029, generating $39,600 annual gross income.; Features a large parking lot and newer HVAC system.
How can I contact the broker?
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2014-2016 Noble St
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