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640 Long Rd 7,000 SF Flex Building Pittsburgh, PA 15235 $375,000 ($53.57/SF) 10.28% Cap Rate
Investment Highlights
- Built in 2001 and building is approximately 7,000SF
- Fantastic investment opportunity
- Convenient access to US-22 and I-376
- In place net income = $38,556 OR a 10.3% CAP on asking price
Executive Summary
SVN | Three Rivers Commercial Advisors is pleased to offer for sale this multi-tenant commercial investment opportunity located in Penn Hills (Pittsburgh MSA). The building was built in 2001 and is 7,000SF. Building consists of commercial spaces. The property is situated on ±0.82 acres with B-2 commercial zoning. Benefiting from strong local visibility along Long Rd and convenient access to US-22 and I-376, the site offers efficient connectivity to Monroeville, the eastern suburbs, and Downtown Pittsburgh.
The property currently has 2 tenants generating $48,000 in gross rents. The auto dealership tenant lease is NNN. The warehouse tenant is full service and has 1 year remaining on term. The garage space available for owner user or for rent to generate additional income. Contact listing broker for more info.
The property currently has 2 tenants generating $48,000 in gross rents. The auto dealership tenant lease is NNN. The warehouse tenant is full service and has 1 year remaining on term. The garage space available for owner user or for rent to generate additional income. Contact listing broker for more info.
Property Facts
| Price | $375,000 | Lot Size | 0.82 AC |
| Price Per SF | $53.57 | Rentable Building Area | 7,000 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 10.28% | Year Built | 2021 |
| Property Type | Flex | Tenancy | Single |
| Property Subtype | Light Distribution | No. Drive In / Grade-Level Doors | 2 |
| Building Class | C |
| Price | $375,000 |
| Price Per SF | $53.57 |
| Sale Type | Investment |
| Cap Rate | 10.28% |
| Property Type | Flex |
| Property Subtype | Light Distribution |
| Building Class | C |
| Lot Size | 0.82 AC |
| Rentable Building Area | 7,000 SF |
| No. Stories | 1 |
| Year Built | 2021 |
| Tenancy | Single |
| No. Drive In / Grade-Level Doors | 2 |
Amenities
- Air Conditioning
1 1
Property Taxes
| Parcel Number | 0370-C-00159-0000-00 | Improvements Assessment | $132,000 |
| Land Assessment | $64,600 | Total Assessment | $196,600 |
Property Taxes
Parcel Number
0370-C-00159-0000-00
Land Assessment
$64,600
Improvements Assessment
$132,000
Total Assessment
$196,600
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640 Long Rd
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