810 Ohio River BlvdRochester, PA 15074

Property Details for 810 Ohio River Blvd

Year built

1991

Construction

STEEL FRAME

Lot size

0.33 AC

Property size (Sq ft)

3,355 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

20-002-0212.002

APU

200020212002

Description

This exceptional investment opportunity presents a fully leased commercial building situated on a prominent 0.7-acre lot at 810 Ohio River Blvd in Rochester, PA. The property boasts unparalleled visibility and convenient access to major roadways, PA-65 N/US-19 N. The building is currently occupied by 1942 Tacos and Tequila, a well-established and successful full-service restaurant. The tenant recently completed a comprehensive renovation, encompassing the dining room, bar, common areas, restrooms, and a fully equipped kitchen. This ensures a modern and attractive space for the tenant and contributes to the property's strong financial performance. The property comprises two parcels: the building itself and a dedicated parking lot, providing ample space for patrons. The lease agreement is a triple-net (NNN) lease, transferring most operating expenses to the tenant, minimizing the owner's responsibilities. This advantageous arrangement extends until September 30, 2027, offering immediate and consistent cash flow for the investor. The asking price for this turnkey investment is $725,000. This presents a rare chance to acquire a stable, high-performing asset with a long-term lease in place, ideal for adding to an existing portfolio or establishing a new one. The property's prime location and the tenant's successful operation combine to create a compelling investment proposition with significant potential for long-term returns. This is a truly exceptional opportunity for discerning investors seeking a reliable and profitable addition to their holdings.

• CAP approach

  CAP return

  Valuation

  6%

  $937,925

  6.5%

  $865,777

  7%

  $803,936

• Comparable approach

  Method

  Valuation

  Relative Method

  $790,843

  Geo Method

  $790,843

• Alternative Use

  Use

  Valuation

  Residential

  $730,315

  Hospitality

  $668,965

  Educational

  $556,571

  Medical

  $575,712

  Retail

  $865,777

Location Insight

City

Rochester

County

Beaver

State

Pennsylvania

Latitude

40.6987

Longitude

-80.2717

CBSA code

38300

CBSA name

PITTSBURGH, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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