610 Evans AveMckeesport, PA 15132

For Sale
$825,000

Cash-flowing bar, apartments, & parking lot.

Overview

Added:
Feb 3
Days on market:
40
This exceptional investment opportunity encompasses three parcels totaling 0.05 acres at 610, 608, and 700 Evans Avenue in Mckeesport, PA. The property boasts a fully operational bar, "Double S Saloon," complete with all equipment, stock, and a restaurant liquor license, including Sunday sales permits, amusement/entertainment licenses, skill games, and an ATM. A CIAA exception and tobacco/cigarette sales permits are also included. The bar and office space generate $2,800 in monthly revenue. In addition, three income-producing apartments contribute significantly to the property's cash flow: a one-bedroom unit at $750/month, a two-bedroom unit at $650/month, and a three-bedroom unit (currently under renovation) projected to rent for $900/month. Two additional parking spots generate $60/month. The total monthly real estate revenue is $5,140, representing a 6.21% capitalization rate. The bar's revenue from ATM, skill games, alcohol, and food sales is an additional income stream beyond the real estate revenue. The property's prime location across from UPMC Hospital in the East Suburbs of Pittsburgh makes it an exceptionally attractive investment. This multi-parcel property presents a rare chance to acquire a turnkey commercial operation with significant potential for growth. The asking price is $825,000.

Property Details for 610 Evans Ave

Property type
Other commercial real estate
Year Built
1925
Lot Size (sq. ft)
2,178 SF

Location Insight

City
Mckeesport
County
Allegheny-East
State
Pennsylvania
Latitude
40.34992
Longitude
-79.84975
610 Evans Ave, Mckeesport, Pennsylvania

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610 Evans Ave
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