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Listed by KELLER WILLIAMS STEEL CITY
$399,000
Est. payment /mo
0.91 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1760296
HOA Y/N No
Annual Tax Amount $3,284
Lot Size 0.912 Acres
Acres 0.912
Property Sub-Type Business
Property Description
Investment Opportunity – Fully Leased Banquet & Event FacilityExceptional investment opportunity featuring a fully leased banquet and event center in Lawrence County. This well-established property consists of approximately 3,100 SF situated on 0.912 acres and is subject to a three (3) year Triple Net (NNN) lease, providing stable income with minimal landlord responsibilities.The tenant currently pays $2,000 per month NNN and has successfully operated the venue as a banquet and event facility serving western Pennsylvania and eastern Ohio. In addition to the base rent, the lease includes a 5% overage rent on all BBQ business generated during the lease term, offering investors additional upside as the business continues to grow.The facility is fully equipped with a commercial kitchen, banquet furnishings, tables, chairs, fixtures, and event equipment, allowing the tenant to continue operations without interruption. The venue has an established reputation for hosting weddings, bridal and baby showers, birthday parties, corporate functions, receptions, and other private events.The lower level provides additional value with flexible space featuring four garage doors, high ceilings, office space, additional restrooms, and access to a rear parking area. This area offers future income potential or expansion opportunities.Additional amenities include two ADA-compliant parking spaces located directly in front of the building and access to a large shared parking area through a long-term parking agreement maintained by the township. Conveniently located along Route 224 near the Pennsylvania-Ohio border, the property offers excellent accessibility for guests and customers throughout the region.Lease Highlights:Fully leased investment property$2,000/month Triple Net (NNN) leaseThree (3) year lease termLandlord receives 5% overage rent on BBQ businessTenant responsible for operating expenses under the NNN leaseTenant granted a First Right of Refusal should the owner elect to sell the property during the lease term (or as otherwise provided in the lease agreement)This offering presents an outstanding opportunity to acquire an income-producing commercial property with an established tenant, predictable cash flow, and additional upside through percentage rent.
Location
State PA
County Lawrence
Area Mahoning Twp - Law
Zoning Mixed
Interior
Interior Features InteriorFeatures
Fireplace No
Exterior
Utilities Available Electricity Available, Natural Gas Available, Sewer Available, Water Available
Road Frontage State Road
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