2801-2809 Leechburg Rd - Storefront Retail/Office FOR SALE


Lower Burrell, PA 15068
$1,600,000 USD
724-335-4700
2801-2809 Leechburg Rd, Lower Burrell, PA for Sale
$1,600,000 USD
Storefront Retail/Office - FOR SALE
1/9
null | 8.85% Cap Rate

NEW


2801-2809 Leechburg Rd
Lower Burrell, PA 15068


OVERVIEW

The property consists of two separate buildings situated on a 1.71-acre site with 167 parking spaces. The main shopping plaza is approximately 19,770 SF with 200 feet of road frontage on desirable Leechburg Road in the heart of Lower Burrell. The rear building 2,150 SF is a well-established restaurant/lounge with two second floor apartments above the restaurant that could be rented if renovated. All tenants pay for utilities (electric, gas, water, sewer, trash and telephone) and janitorial. The property has been almost 100% occupied for the past 5 years. There is also a side lot in the back that could be developed for other out buildings or additional parking. GOI of $184,320 with NOI of $143,725. See attached Offering Memorandum for complete information on lease terms and rent scheduled increases.

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$74 USD /SF

CAP RATE

8.85%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Keystone Place

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

167

LAND DETAILS

LAND ACRES

1.71 AC

LAND SF

74,488 SF

ZONING

C

APN/PARCEL ID

17-03-11-0-029

ASK ABOUT THIS PROPERTY

Janet RyanCentury 21 American Heritage RealtyMore Info
724-335-4700

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Janet RyanCentury 21 American Heritage RealtyMore Info
724-335-4700

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.