D & J VARIETY STORE
5,000 SF | 100% Leased | Retail Building | Sharpsburg, PA 15215 | $368,000 ($74/SF) | 5.76% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $368,000
- Property Type
-
Retail
- Square Feet
- 5,000 SF
- Price / Square Foot
- $74
Listing Contacts
Bill Smith
Verified Profile
- Property Info
Property Overview
Home to a successful barber shop on the first floor, an updated 3 bedroom apartment on the 2nd and 3rd floor, and FIVE off-street parking spots on the Main Street in Sharpsburg! Located in the prestigious Fox Chapel School District and in Sharpsburg's Business District, this property is at the corner of Church St and Main St with frontage and access to Clay from the back of the property too! Add this investment property to your portfolio to generate income. Sharpsburg properties are in demand especially with the recent federal grant awarded to Sharpsburg, for developing Allegheny Shores, from the DOT: a $25 million dollar federal grant to add a missing link in the Three Rivers Heritage trail to connect the newly built Allegheny RiverTrail Park in Aspinwall to the trailhead in Millvale that travels to Point State Park along with improving bus stops, subsidized housing, a public plaza, and a 10 acre park by the Allegheny River. Very close to Rt 8, Rt 28, and the 62nd St Bridge! Tenant-occupied, Minimum of 24 hour notice to show. 1 water meter, 1 gas meter, 2 electric meters. Barber shop pays $1,050/month + electric and they reimburse the landlord for 50% of the average of last year's gas and Hampton Shaler water/sewer/trash bills. Utility expense listed is 1/2 the total utility cost, bc of the barber shop water/gas reimbursement. Other Expenses are 7% of gross rents property management fee. Barber shop leased thru 5/31/2025. Taxes, lot size, and assessed value based on county assessor data. Buyer responsible for verifying all information pertinent to their decision making.
Property Details
- Class
- C
- Year Built
- 1900
- Stories
- 3
- Property Subtype
- Storefront Retail/Residential, Storefront, Storefront Retail/Office, Office/Residential
- Lot Size (sq. ft)
- 2,614 SF
Highlights
- FIVE off-street parking spots
- On the Main St in Sharpsburg with lots of foot traffic
- Updated 3 bedroom apartment on the 2nd and 3rd floors!
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