Double S Saloon Business-Build-Apt-Lot
3 Properties Offered at $825,000 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! 2024 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
|
PROPERTY FACTS
| Price | $825,000 |
| Price / SF | $168.82 / SF |
| Sale Condition | Bulk/Portfolio Sale |
| Cap Rate | 7.50% |
| 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 | - |
| 700 Evans Ave, Mckeesport, PA 15132 | Land | 0.20 AC | - | - |
| 608 Evans Ave, Mckeesport, PA 15132 | Multifamily | 2,000 SF | 1950 | - |
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