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Market Village 1500-1508 Lincoln Way 16,678 SF 100% Leased Retail Building McKeesport, PA 15131 $825,000 ($49.47/SF) 8.70% Cap Rate
Investment Highlights
- 25 Parking Spaces
- 3 of the commercial tenants have annual increases built into their leases
- Steps away from local grocery stores, restaurants, cafes, and local neighborhood parks
- 174' of frontage on Lincoln Way
- Located directly on a major bus line with quick, seamless access to Route 30 and the greater Pittsburgh area
Executive Summary
SVN Three Rivers Commercial Advisors is pleased to present 1500-1508 Lincoln Way for sale. This is a well maintained, 10 unit, mixed use property on a corner lot located on Lincoln Way in the Heart of the White Oak business district. The building is made up of 4 commercial units and 6 residential units. All utilities are separately metered, even water.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
16,678 SF
Building Class
C
Year Built
1940
Price
$825,000
Price Per SF
$49.47
Cap Rate
8.70%
NOI
$71,779
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.13
Lot Size
0.34 AC
Zoning
C - Commercial
Parking
25 Spaces (2.08 Spaces per 1,000 SF Leased)
Frontage
174’ on Lincoln Way
Amenities
- Bus Line
- Pylon Sign
Fairly walkable
50/100
Moderately drivable
70/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0461-M-00170-0000-00 | Improvements Assessment | $418,600 |
| Land Assessment | $50,600 | Total Assessment | $469,200 |
Property Taxes
Parcel Number
0461-M-00170-0000-00
Land Assessment
$50,600
Improvements Assessment
$418,600
Total Assessment
$469,200
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