1295 Grand BlvdMonessen, PA 15062

Property Details for 1295 Grand Blvd

Year built

1960

Construction

BRICK

Lot size

3.10 AC

Property size (Sq ft)

22,600 SF

Property type

Commercial real estate

APN

20-02-10-0-459

APU

2002100459

Description

This exceptional investment opportunity presents a multi-tenant retail complex situated on a sizable 3.1-acre lot at 1295 Grand Blvd, Monessen, PA. The property comprises eight diverse units, ranging from office spaces to warehouse facilities, indoor storage, and a former restaurant. Currently, all units are under lease, ensuring a consistent income stream. The sale includes an established indoor storage business, along with the transfer of all existing leases. Tenants are responsible for their individual utilities (water, sewage, electricity, and gas). The property boasts significant upgrades, including a partially replaced roof (approximately half) and recently replaced HVAC units. A substantial, well-lit parking lot, capable of accommodating roughly 100 vehicles, has also undergone recent improvements with at least one-third of the lot recently repaved. Further enhancing the property's value are included amenities such as a security system and WiFi access. This property offers a compelling blend of established income and significant potential for future growth, making it an ideal addition to any investment portfolio. The diverse range of unit sizes and types caters to a broad spectrum of tenants, ensuring long-term stability and profitability.

• Alternative Use

  Use

  Valuation

  Residential

  $6,156,922

  Hospitality

  $5,639,708

  Educational

  $4,692,170

  Medical

  $4,853,542

  Retail

  $7,298,932

Location Insight

City

Monessen

County

Westmoreland

State

Pennsylvania

Latitude

40.1501

Longitude

-79.89

CBSA code

38300

CBSA name

PITTSBURGH, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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