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830-840 Linden Ave 19,596 SF 23% Leased Retail Building East Pittsburgh, PA 15112 $975,000 ($49.76/SF) 17.95% Cap Rate
Investment Highlights
- Cap rate is 17.8
- Tremendous upside by leasing out the vacant commercial storefronts
- Huge Cash Flowing Building
- Current property manager is open to work for a new owner
Executive Summary
Rare opportunity to purchase this huge cash flowing property. The building consists of 38 room rentals and 4 commercial spaces. Hollywood Show Bar currently occupies one of the spaces. All rooms are rented on a monthly basis. Huge upside cash flow could be increased by at least 30% by renting out the other commercial spaces and the remaining 6 rooms. 32 rooms are currently rented. Building had a hotel liquor license and all room are considered room rental not apartments which make it easier to rent and control. Bar and equipment is included in the price or can be purchased separately. MUST SEE!!
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$259,000
|
$13.22
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$259,000
|
$13.22
|
| Taxes |
$15,000
|
$0.77
|
| Operating Expenses |
$45,000
|
$2.30
|
| Total Expenses |
$60,000
|
$3.06
|
| Net Operating Income |
$199,000
|
$10.16
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $259,000 |
| Annual Per SF | $13.22 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $259,000 |
| Annual Per SF | $13.22 |
| Taxes | |
|---|---|
| Annual | $15,000 |
| Annual Per SF | $0.77 |
| Operating Expenses | |
|---|---|
| Annual | $45,000 |
| Annual Per SF | $2.30 |
| Total Expenses | |
|---|---|
| Annual | $60,000 |
| Annual Per SF | $3.06 |
| Net Operating Income | |
|---|---|
| Annual | $199,000 |
| Annual Per SF | $10.16 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
19,596 SF
Building Class
C
Year Built
1958
Price
$975,000
Price Per SF
$49.76
Cap Rate
17.95%
NOI
$175,000
Percent Leased
23%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.81
Lot Size
0.16 AC
Zoning
Commercial
Frontage
Amenities
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Nationwide Specialty Advertising
- Wholesaler
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Nationwide Specialty Advertising | Wholesaler | - | - | - |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0375-H-00199-0000-00 | Total Assessment | $270,000 (2025) |
| Land Assessment | $5,100 (2025) | Annual Taxes | $15,000 ($0.77/SF) |
| Improvements Assessment | $264,900 (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
0375-H-00199-0000-00
Land Assessment
$5,100 (2025)
Improvements Assessment
$264,900 (2025)
Total Assessment
$270,000 (2025)
Annual Taxes
$15,000 ($0.77/SF)
Tax Year
2024
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830-840 Linden Ave
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