1331 Freeport RdCheswick, PA 15024

For Sale
$1,200,000

12,000 SF, Income-Producing Property

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional mixed-use property in Cheswick, Pennsylvania, presents a compelling investment opportunity. The 12,000-square-foot building, situated on a 1.29-acre lot (APN 8000-T-01809-0000-00), features seven recently renovated (2019) residential apartments above five main-level commercial storefronts. All apartments are currently occupied, with tenants responsible for most utilities. The building boasts ample parking for residents and commercial tenants, and benefits from high visibility signage along Freeport Road. Its convenient location offers easy access to the Pennsylvania Turnpike and Route 28, as well as nearby shopping centers and Target. The property is zoned C-1 and includes a vacant, buildable lot at the rear, presenting potential for expansion (subject to approvals). A basement area offers potential for additional development, such as a laundry facility. The asking price is $1,200,000 ($100/sq ft). This fully operational, income-producing property offers immediate returns and significant upside potential through value-added improvements and expansion. A minimum 48-hour notice is required for showings. Please do not disturb tenants. Additional information is available upon request.

Highlights

  • Excellent highway and retail access.
  • Building signage opportunities available.
  • Abundant on-site parking.
  • 100% occupied residential apartments.
  • Significant buildable land area.
  • Strong, positive cash flow.

Property Details for 1331 Freeport Rd

Property type
Other retail properties, Multifamily properties
Square Feet
12,000 SF
Buildings
1
Stories
2
Lot Size (sq. ft)
56,192 SF

Location Insight

City
Cheswick
County
Allegheny
State
Pennsylvania
Latitude
40.5410471
Longitude
-79.8102819
1331 Freeport Rd, Cheswick, Pennsylvania

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1331 Freeport Rd
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