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504 E 8th Ave 5,942 SF 100% Leased Retail Building Homestead, PA 15120 $395,000 ($66.48/SF) 11.03% Cap Rate
Investment Highlights
- 1st floor retail space and 2nd floor Office/ Warehouse Space
- Versatile second-floor office/warehouse space
- Situated in the rapidly developing East 8th Avenue corridor, less than 1 mile and a 5 minute drive from the Waterfront
- Leased retail/kitchen space to catering company
- All utilities paid by the tenant
Executive Summary
SVN Three Rivers Commercial Advisors is pleased to present 504 E 8th Ave. in Homestead for sale. The property features retail/restaurant space on the first floor and office/ flex space on the second floor. There is plenty of value-add opportunity with the first floor leased below market rate and the second floor being owner occupied. All utilities are paid by the tenant.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
5,942 SF
Building Class
C
Year Built
1900
Price
$395,000
Price Per SF
$66.48
Cap Rate
11.03%
NOI
$43,584
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.72
Lot Size
0.19 AC
Zoning
R-3
Frontage
24’ on E 8th Ave
Amenities
- Bus Line
Fairly walkable
50/100
Moderately drivable
70/100
Some public transit
50/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $88,400 | |
| Land Assessment | $16,000 | Total Assessment | $104,400 |
Property Taxes
Parcel Numbers
Land Assessment
$16,000
Improvements Assessment
$88,400
Total Assessment
$104,400
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504 E 8th Ave
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