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- LoopNet Team
114 S 5th St
Jeannette, PA 15644
State of PA - Fine Wine & Good Spirits · Retail Property For Sale
Investment Highlights
- Wine & Spirit | Tenant since 1984 just EARLY RENEWED lease
- LIMITED LL Responsibilities | Tenant Reimburses for increases in RE Tax | City responsible for Snow Removal & Street M&R
- ESSENTIAL BUSINESS; Strategic & Ideal Corner Location services street parking and foot traffic | Serving 4,200 Households within 1-mile radius
- Current lease term expires February 28, 2026; 1-5 Yr Option Periods
- NEW Roof and Sidewalk Replacement Fall 2019; HVAC replaced 2015
- Lease Guarantor - State of Pennsylvania (S&P A+)
PROPERTY FACTS
About 114 S 5th St , Jeannette, PA 15644
Jeannette, PA is known today for several longstanding companies such as the HQ of reputable Elliott Company, founded in 1914. Elliot Company designs, manufactures, installs, and provides full service to the dynamo, turbine, and large rotating equipment industry. Other major employers are Jensen Steam Engine Mfg. Company and Pennsylvania Rubber Works, since 1903, and DeLallo gourmet Italian foods since 1950. DeLallo is the largest importer and distributor of Olives and Antipasti in the United States. Food distributor Avolio Foods is also based in downtown Jeannette.
PROPERTY TAXES
| Parcel Number | 14-01-16-0-169 | Improvements Assessment | $23,800 |
| Land Assessment | $12,000 | Total Assessment | $35,800 |
PROPERTY TAXES
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