1220 Long Run RdNorth Versailles, PA 15131

  • Sports & entertainment properties
  • 1.29 AC
For Sale
$935,000 View listing

Property Details for 1220 Long Run Rd

Lot size
1.29 AC
Property type
Sports & entertainment properties
Property subtype
Bowling alleys
APN
552-B-76
APU
552B76

Description

This exceptional 18,000-square-foot retail property, formerly a bowling alley, presents a unique redevelopment opportunity in North Versailles, Pennsylvania. Situated on a level 1.25-acre lot at 1220 Long Run Rd, White Oak, PA 15131, this single-story building offers significant potential for a variety of uses. The property is currently vacant and available for immediate occupancy under a triple-net (NNN) lease agreement. The asking price is $935,000, translating to $51.94 per square foot. Ample parking is available with 200 spaces. The C1 zoning permits a range of commercial uses, making it ideal for a single tenant or multi-tenant redevelopment project. The existing structure provides a solid foundation for adaptive reuse, offering significant cost savings compared to new construction. The ground lease is available, and lease options are open for discussion. This property's size, location, and existing infrastructure make it an attractive investment for owner-users seeking redevelopment or those looking for a substantial retail space in a growing market. The property's level site and ample parking further enhance its appeal. Consider the possibilities for a grocery outlet or other high-traffic retail establishment.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $15,262,357
    Hospitality
    $13,980,237
    Educational
    $11,631,393
    Medical
    $12,031,414
    Retail
    $18,093,278
1220 Long Run Rd, North Versailles, Pennsylvania

Location Insight

City
White Oak
County
Allegheny
State
Pennsylvania
Latitude
40.3341
Longitude
-79.8116
CBSA code
38300
CBSA name
PITTSBURGH, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$11,795
$120,000
$220,000
$340,000
-
$120,000
$220,000
$340,000

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