830-840 Linden Ave - Storefront Retail/Residential FOR SALE


East Pittsburgh, PA 15112
$1,200,000 USD
412-999-0722
830-840 Linden Ave, East Pittsburgh, PA for Sale
$1,200,000 USD
Storefront Retail/Residential - FOR SALE
1/34
null | 14.58% Cap Rate

NEW


830-840 Linden Ave
East Pittsburgh, PA 15112


HIGHLIGHTS

  • Cap rate is 17.8
  • Huge Cash Flowing Building
  • Tremendous upside by leasing out the commercial storefront
  • Current property manager is open to work for a new owner

OVERVIEW

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!!

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$70 USD /SF

CAP RATE

14.58%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Bar

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1958

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,000 SF

ZONING

Commercial

APN/PARCEL ID

0375-H-00199-0000-00

ASK ABOUT THIS PROPERTY

Jim SchonsREAL of PennsylvaniaMore Info
412-999-0722

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Jim SchonsREAL of PennsylvaniaMore Info
412-999-0722

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