2014-2016 Noble StPittsburgh, PA 15218

For Sale
$319,000

Historic Swissvale Daycare, High Income

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a thriving daycare center located at 2014-2016 Noble Street in Swissvale, Pennsylvania, just nine miles from downtown Pittsburgh. The property, a former bank building boasting beautiful architecture, offers 1 square foot of retail space and is currently 100% occupied by a long-term tenant under a modified net lease extending through 2029. The tenant, in place since 2019, consistently pays $3,300 per month ($39,600 annually gross), covering gas, electric, water, landscaping, and snow removal. The property benefits from a separate large parking lot, a significant advantage for a daycare. The building features a newer HVAC system. Annual property taxes are $7,490, and the 2023 insurance premium was $1,702, resulting in a substantial net annual income of $30,408. Its convenient location offers easy access to major roadways, including Route 376, and is within close proximity to popular attractions like Kennywood Park and the Waterfront. Showings are available outside of daycare operating hours. This is a rare chance to acquire a stable, income-generating property with a proven track record in a desirable location. The asking price for this turnkey investment is $319,000.

Highlights

  • Thriving daycare center in Swissvale, PA, 9 miles from downtown Pittsburgh.
  • 100% occupied by long-term tenant under a modified net lease through 2029, generating $39,600 annual gross income.
  • Features a large parking lot and newer HVAC system.
  • Strong net annual income of $30,408 after expenses (taxes and insurance).
  • Convenient location near Route 376, Kennywood Park, and the Waterfront.

Location Insight

City
Pittsburgh
County
Allegheny
State
Pennsylvania
Latitude
40.4213533
Longitude
-79.8863692
2014-2016 Noble St, Pittsburgh, Pennsylvania

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2014-2016 Noble St
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