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668 Pittsburgh Rd 6,896 SF 100% Leased Retail Building Butler, PA 16002 $545,000 ($79.03/SF) 7.75% Cap Rate
Investment Highlights
- Versatile, mixed-use potential.
- Prime location with high visibility.
- Turnkey investment with reliable income.
Executive Summary
A great investment opportunity to purchase a mix use, income producing property. Located right off of busy highway with plenty available parking. This approximately 6896/SF Property is close proximity to Pittsburgh and surrounding markets. The property has three long-standing tenants that provide a solid cash flow and return for the buyer.
Property Facts Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
6,896 SF
Year Built
1950
Price
$545,000
Price Per SF
$79.03
Cap Rate
7.75%
NOI
$42,238
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.18
Lot Size
0.90 AC
Parking
14 Spaces (2.03 Spaces per 1,000 SF Leased)
Frontage
198’ on Rt 8 or Pittsburgh Rd
Somewhat walkable
20/100
Exceptionally drivable
100/100
Not bikeable
10/100
Property Taxes
| Parcel Number | 270-2F94-14H-0000 | Improvements Assessment | $24,350 |
| Land Assessment | $2,280 | Total Assessment | $26,630 |
Property Taxes
Parcel Number
270-2F94-14H-0000
Land Assessment
$2,280
Improvements Assessment
$24,350
Total Assessment
$26,630
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668 Pittsburgh Rd