623 Long Run RdMcKeesport, PA 15132

Property Details for 623 Long Run Rd

Lot size

1.07 AC

Property type

Mixed-use properties

Property subtype

Retail residential properties

APN

554-E-233

APU

554E233

Description

This exceptional investment opportunity presents a substantial 40,000 square foot building situated on a generous 3.4-acre lot in Mckeesport, Pennsylvania. The property boasts significant parking capacity, accommodating up to 75 vehicles, making it ideal for a variety of commercial uses. A notable feature is the inclusion of a 3,000 square foot apartment located above the main building, offering potential for additional income or on-site management. The property is being offered "AS IS," reflecting an opportunity for buyers to customize and renovate to their specific needs and vision. The expansive lot size provides ample space for expansion, outdoor storage, or further development. Given its size and location, this property is well-suited for a range of commercial enterprises, from warehousing and distribution to light manufacturing or specialized businesses requiring significant space and parking. The substantial building size and ample parking make this a rare find in the Mckeesport market. Serious inquiries are encouraged to explore the potential of this unique property. The asking price is $1,100,000.

• CAP approach

  CAP return

  Valuation

  6%

  $13,780,632

  6.5%

  $12,720,583

  7%

  $11,811,970

• Comparable approach

  Method

  Valuation

  Relative Method

  $14,470,488

  Geo Method

  $14,470,488

• Alternative Use

  Use

  Valuation

  Residential

  $12,720,583

  Hospitality

  $11,651,986

  Educational

  $9,694,315

  Medical

  $10,027,718

  Retail

  $15,080,046

Location Insight

City

Mckeesport

County

Allegheny

State

Pennsylvania

Latitude

40.3235

Longitude

-79.8314

CBSA code

38300

CBSA name

PITTSBURGH, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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