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Grand Ave - Storage Units 5,400 SF Specialty Building Offered at $299,000 at a 8.50% Cap Rate in Pittsburgh, PA 15225
EXECUTIVE SUMMARY
Prime Investment Opportunity: Fully-Rented 30-Unit Storage Facility on Neville Island, Unlock the potential of a turnkey investment with this fully rented, 30-unit storage facility located on Neville Island. This property is perfect for seasoned investors or those looking to enter the booming self-storage market. Property Highlights: 30 storage units. 100% occupancy with reliable rental income. Convenient location with easy access to major highways and surrounding neighborhoods, ensuring high demand. Low-maintenance investment with minimal management required. Neville Island is a prime location for commercial ventures. Whether you're expanding your portfolio or starting your journey in commercial real estate, this property is a rare find. Schedule your private tour today and explore the opportunity to own a proven income-generating asset.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$32,520
|
$6.02
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$32,520
|
$6.02
|
| Taxes |
$2,992
|
$0.55
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$2,992
|
$0.55
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $32,520 |
| Annual Per SF | $6.02 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $32,520 |
| Annual Per SF | $6.02 |
| Taxes | |
|---|---|
| Annual | $2,992 |
| Annual Per SF | $0.55 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $2,992 |
| Annual Per SF | $0.55 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS Under Contract
| Price | $299,000 | Building Class | C |
| Price Per SF | $55.37 | Lot Size | 1.49 AC |
| Sale Type | Investment or Owner User | Building Size | 5,400 SF |
| Cap Rate | 8.50% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 1789 |
| Property Subtype | Self-Storage | Opportunity Zone |
Yes
|
| Zoning | C | ||
| Price | $299,000 |
| Price Per SF | $55.37 |
| Sale Type | Investment or Owner User |
| Cap Rate | 8.50% |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | C |
| Lot Size | 1.49 AC |
| Building Size | 5,400 SF |
| No. Stories | 1 |
| Year Built | 1789 |
| Opportunity Zone |
Yes |
| Zoning | C |
1 1
PROPERTY TAXES
| Parcel Number | 0273-K-00206-0000-00 | Total Assessment | $83,100 (2025) |
| Land Assessment | $34,300 (2025) | Annual Taxes | $2,992 ($0.55/SF) |
| Improvements Assessment | $48,800 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
0273-K-00206-0000-00
Land Assessment
$34,300 (2025)
Improvements Assessment
$48,800 (2025)
Total Assessment
$83,100 (2025)
Annual Taxes
$2,992 ($0.55/SF)
Tax Year
2024
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Grand Ave - Storage Units
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