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Listed by REAL OF PENNSYLVANIA
$975,000
Est. payment /mo
4,356 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1762568
HOA Y/N No
Year Built 1965
Annual Tax Amount $10,280
Lot Size 4,356 Sqft
Acres 0.1
Property Sub-Type Hotel/Motel
Property Description
830–836 E Pittsburgh Mall is a 42-space mixed-use income property in East Pittsburgh Borough, Allegheny County — 38 residential room
rentals and 4 commercial spaces. All 38 residential units are leased and the Hollywood Show Bar is under a $2,500/month commercial lease,bringing total occupancy to 39 of 42 spaces (92.9%). Three vacant commercial bays represent zero-construction upside, pushing the cap to20.7% when leased. 3 vacant commercial bays = pure upside — est. $2,200/mo additional revenue when leased; pushes NOI to $201,427 and cap rate to
20.7%
rentals and 4 commercial spaces. All 38 residential units are leased and the Hollywood Show Bar is under a $2,500/month commercial lease,bringing total occupancy to 39 of 42 spaces (92.9%). Three vacant commercial bays represent zero-construction upside, pushing the cap to20.7% when leased. 3 vacant commercial bays = pure upside — est. $2,200/mo additional revenue when leased; pushes NOI to $201,427 and cap rate to
20.7%
Location
State PA
County Allegheny-east
Area E Pittsburgh
Zoning Comm
Interior
Interior Features InteriorFeatures
Fireplace No
Exterior
Road Frontage City Street
Building
Structure Type Brick
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Nearby School & Business
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