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1531 - 1533 Lincoln Way, Mckeesport, PA

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1531 - 1533 Lincoln Way

Mckeesport, PA 15131 - Parkway East Corridor Submarket


Property Type:Retail Sub Type:Freestanding Status:Existing , Renov 2006 Year Built:1965
Building Size:4,200 SF Land Area:.33 AC (14,375 SF)
For Sale Price:$389,000 Price/SF:$92.62
Cap Rate:10.00 %
Parking:Free Surface spaces are available; Ratio of 9.52/1,000 SF
Features:A/C, Bus Line, Pylon Sign


Fully leased to entomologist office and Chinese restaurant. New roof, HVAC, and parking lot. Chinese restaurant lease details are 11 year lease with one 10 year renewal option, rent $1500 monthly years 1-5, $1600 monthly years 6-8, $1700 monthly years 9-10, $1800 monthly year 11. Optomologist is in the 1st of 3 one year options. Annual increases are base on CPI. Owner is negotiating new longer term lease with increases. Seller is a licensed Pennsylvania Real Estate Broker.

Location description: Located on Lincoln Way the Main Street through White Oak, Pennsylvania. Demographics are 1 mile 10,000+ 3 Mile 65,000+ 2003 Traffic Count 21,000.

Sale Notes:
NOI $36,000/yr

Oliver Real Estate
John P Oliver
(724) 523-9780




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