Double S Saloon Business-Build-Apt-Lot
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Double S Saloon Business-Build-Apt-Lot
3 Properties Offered at $830,000 in Mckeesport, PA
Investment Highlights
- Double S Saloon Bar Business and Equipment, 3 Apartments and Vacant Parking Lot
- Skill Games & ATM Revenue
- Location is across for UPMC Mckeesport Hospital on the East Suburbs of Pittsburgh, PA
- Restaurant Liquor License with Amusement (Entertainment) and Sunday Sales permits ($135K value)
- CIAA Exception, Tobacco & Cigarette sales
Executive Summary
Invest in “Double S Saloon” bar business, 3 apartments & vacant parking lot. Income generated from real estate income is a 6.21% CAP rate not including bar income! Monthly real estate revenue totals - $5,140/mo = 1 bd apt-$750/mo, 2 bd apt-$650/mo, 3 bd apt(being renovated now)-$900/mo, Bar and Office-$2,800/mo, 2 parking spots-$60/mo. Bar includes restaurant liquor license w amusement/entertainment & Sunday sales permits ($135K value) + Skill Games & ATM revenue, CIAA Exception, tobacco & cigarette sales + all equipment & stock. Bar revenue from ATM, Skills Games, Alcohol and Food sales is additional revenue not in gross annual income state. This multi parcel real estate sale with bar business, liquor license & equipment, apt over commercial @ 610 Evans St, Duplex @ 608 Evans St & vacant lot @ 700 Evans St is to be sold together. Located across from UPMC Hospital on the East Suburbs of Pittsburgh,PA. Don't miss out on this cash cow investment opportunity!
Three parcels incude: 610 Evans - 0307-M-00191-0000-00 608 Evans - 0307-M-00192-0000-00 700 Evans - 0307-M-00218-0000-00; C-5 (Health and Services District) Zoning. Bar revenue to be disclosed to qualified buyers. Buyers encouraged to visit Double S Saloon bar during operating hours.
Three parcels incude: 610 Evans - 0307-M-00191-0000-00 608 Evans - 0307-M-00192-0000-00 700 Evans - 0307-M-00218-0000-00; C-5 (Health and Services District) Zoning. Bar revenue to be disclosed to qualified buyers. Buyers encouraged to visit Double S Saloon bar during operating hours.
Taxes & Operating Expenses (Actual - 2023) |
Annual |
|---|---|
| Gross Rental Income |
$61,680
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$61,680
|
| Taxes |
$5,086
|
| Operating Expenses |
$2,000
|
| Total Expenses |
$7,086
|
| Net Operating Income |
$54,594
|
Taxes & Operating Expenses (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $61,680 |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | $61,680 |
| Taxes | |
|---|---|
| Annual | $5,086 |
| Operating Expenses | |
|---|---|
| Annual | $2,000 |
| Total Expenses | |
|---|---|
| Annual | $7,086 |
| Net Operating Income | |
|---|---|
| Annual | $54,594 |
Property Facts
| Price | $830,000 | Status | Active |
| Price / SF | $169.84 / SF | Number of Properties | 3 |
| Sale Conditions | Bulk/Portfolio Sale | Individually For Sale | 0 |
| Cap Rate | 6.21% | Total Building Size | 4,887 SF |
| Sale Type | Investment or Owner User | Total Land Area | 0.42 AC |
| Price | $830,000 |
| Price / SF | $169.84 / SF |
| Sale Conditions | Bulk/Portfolio Sale |
| Cap Rate | 6.21% |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 4,887 SF |
| Total Land Area | 0.42 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 610 Evans Ave, Mckeesport, PA 15132 | Retail | 2,887 SF | 1904 | - |
| 608 Evans Ave, Mckeesport, PA 15132 | Multifamily | 2,000 SF | 1950 | - |
| 700 Evans Ave, Mckeesport, PA 15132 | Land | 0.20 AC | - | - |
1 of 1
1 of 17
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Double S Saloon Business-Build-Apt-Lot
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.