402 Elm St, Clairton, PA 15025
21,000 SF Specialty Building Offered at $375,000 at a 9.51% Cap Rate in Clairton, PA 15025
For Sale
Active
Asking Price $375,000
- Property Type
-
Specialty
- Square Feet
- 21,000 SF
- Price / Square Foot
- $18
Listing Contacts
Matthew Cochran
Property Overview
Elm Street Storage is a 3 storey 21000 SF former school that was converted into a self storage facility in 2015. A total of 46 self storage units manufactured by Wayne Dalton were added within the building and there are 20 parking spaces outside with two loading docks, one on each of the 2 accessible floors. The units are always rented. The upper floor is accesible from 2 internal staircases. A new roof was installed in 2007 as well as ADA compliant ramps,. The building contains an electronic access system, 24 hour security system and video surveillance. The storage units reside on the ground and 1st floors, ccan be realized by the new owner Considerable value can be easily achieved by increasing rents to market rates, and further value can be gained by adding additional units to the 2nd floor with a minor capital investment. Contact Matt Cochran directly at 724-799-3970 or at [email protected].
Property Details
- Class
- B
- Year Built/Renovated
- 1956/2015
- Stories
- 3
- Property Subtype
- Self-Storage, Parking
- Lot Size (sq. ft)
- 24,394 SF
Highlights
- Fully Leased, Value Oriented, Tremendous Upside
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