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Investment Highlights

  • Extensive river frontage!
  • Large 27,000-square-foot building. Flexible zoning accommodates office, medical, education, or redevelopment conversion!
  • Existing infrastructure of utilities, parking, access roads and an existing building footprint!
  • Five (or eight) acres of park-like grounds! Spacious, private, water-front property with plenty of green space!
  • Major capital improvements are already complete including Roof, HVAC, Plumbing, Electrical, and Parking Lots!!
  • Recreational lifestyle potential of kayaking, canoeing, fishing, walking, outdoor patios, river-view balconies and picnic areas!

Executive Summary

Premier Riverfront Redevelopment Opportunity! Please visit our site at: www.riverviewacres.ws
Riverfront Condominium Redevelopment Opportunity - A Rare Opportunity to Create a Riverfront Condominium Community
Imagine transforming this exceptional five-acre riverfront property into a premier condominium community along the beautiful Kiskiminetas River.
Unlike vacant land requiring extensive site preparation, this property already offers valuable infrastructure, including an existing commercial building that may be suitable for adaptive reuse or conversion, established parking, utilities, and direct river access. These existing improvements have the potential to reduce development time and costs compared with starting from raw land.
For developers seeking a distinctive residential project, opportunities like this are increasingly uncommon.
All redevelopment concepts are subject to buyer due diligence and applicable municipal approvals.
Existing Infrastructure Creates Opportunity
One of this property's greatest advantages is that much of the groundwork is already in place.
Existing Features Include:
• Approximately five acres of riverfront property
• Existing commercial building with potential for adaptive reuse or condominium conversion
• Established parking areas
• Existing utility infrastructure
• Direct access to the scenic Kiskiminetas River
• Beautiful waterfront setting
• Convenient access to Leechburg and the surrounding region
Rather than beginning with an undeveloped site, a developer can explore building upon an existing foundation.
Envision Riverfront Condominium Living
Picture residents enjoying spacious condominiums overlooking the river, where outdoor recreation becomes part of everyday life.
Imagine homeowners who can:
• Launch kayaks and canoes just steps from their homes
• Enjoy peaceful river views from private balconies or patios
• Walk along the waterfront
• Fish, paddle, and explore the natural beauty of the Kiskiminetas River
• Experience the charm of historic Leechburg while remaining within easy reach of the Pittsburgh metropolitan area
This is more than a residential development—it is an opportunity to create a riverfront lifestyle.
Why This Property Is Different
Many development sites begin as vacant land requiring significant investment before construction can even begin.
This property already offers:
• Existing building infrastructure
• Existing parking
• Existing utilities
• Five acres of developable property
• Riverfront access
• Exceptional visibility
• A setting that naturally supports a premium residential community
These features create an opportunity to shorten the path from concept to construction while providing future residents with amenities that cannot be easily replicated.
or a Prime Investment Opportunity for business relocation/expansion.

Please visit: https://riverviewacres.ws

Property Facts

Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Office
Building Size
27,150 SF
Building Class
C
Year Built/Renovated
1960/2018
Price
$2,595,000
Price Per SF
$95.58
Cap Rate
6.92%
NOI
$179,500
Percent Leased
85%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
9,050 SF
Building FAR
0.12
Lot Size
5.10 AC
Zoning
Professional Campus - Profession Campus zoning allows for flexible mixed-use options including residential development, commercial professional offices, and light industry.
Parking
100 Spaces (3.68 Spaces per 1,000 SF Leased)

Amenities

  • Conferencing Facility
  • Security System
  • Signage
  • Waterfront
  • Wheelchair Accessible
  • Reception
  • Storage Space
  • Air Conditioning
  • Smoke Detector

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Allegheny Valley Institute Of Technology, Inc.
  • Educational Services
  • 3,000 SF
  • -
  • Full Service
  • -
  • American Safety & Health Consulting & Training Ser
  • Educational Services
  • 3,000 SF
  • -
  • Single Net
  • Jul 2030
  • Merakey Education Center
  • Educational Services
  • 18,000 SF
  • -
  • Plus Utilities
  • Aug 2028
Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Allegheny Valley Institute Of Technology, Inc. Educational Services 3,000 SF - Full Service -
American Safety & Health Consulting & Training Ser Educational Services 3,000 SF - Single Net Jul 2030
Merakey Education Center Educational Services 18,000 SF - Plus Utilities Aug 2028
Fairly walkable
40/100
Exceptionally drivable
90/100
Somewhat bikeable
20/100

Property Taxes

Property Taxes

Parcel Number
26-0-016646
Land Assessment
$151,140
Improvements Assessment
$136,890
Total Assessment
$288,030
  • Listing ID: 26507407

  • Date on Market: 8/29/2022

  • Last Updated:

  • Address: 1 Kiski Ave, Leechburg, PA 15656

Contact the Sale Advisor

River View Acres | 1 Kiski Ave

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