700 Long Run RdMcKeesport, PA 15132

Property Details for 700 Long Run Rd

Lot size

2.65 AC

Property type

Warehouses

Property subtype

Self storage facilities

APN

554-E-142

APU

554E142

Description

This McKeesport, PA self-storage facility offers 176 non-climate-controlled units totaling 25,600 net rentable square feet, situated on a 2.65-acre lot. Built in 2007 and renovated in 2013, the property comprises four single-story buildings and boasts 88.12% occupancy, generating a strong NOI of $168,046. The facility benefits from a prime location on Long Run Road, experiencing over 9,100 vehicles daily, and enjoys excellent visibility. With minimal competition (3.38 NRSF per capita within a 3-mile radius and 4.46 NRSF per capita within 5 miles), and a substantial economic vacancy of 60%, this property presents significant upside potential. Further revenue growth can be achieved through improved management practices, including the introduction of tenant insurance and merchandise sales. The property also includes 75 outside parking spaces and generates additional income from an on-site billboard. McKeesport's diverse economy, driven by manufacturing and ongoing revitalization efforts, including the McKeesport Waterfront Redevelopment, provides a strong foundation for continued growth. The property's proximity to major highways and Pittsburgh further enhances its appeal. The asking price is $3,500,000.

• Alternative Use

  Use

  Valuation

  Residential

  $31,471,408

  Hospitality

  $28,827,640

  Educational

  $23,984,258

  Medical

  $24,809,114

  Retail

  $37,308,848

Location Insight

City

Mckeesport

County

Allegheny

State

Pennsylvania

Latitude

40.3215

Longitude

-79.8313

CBSA code

38300

CBSA name

PITTSBURGH, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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