58 Old Lincoln Hwy Adamsburg, PA 15664
7 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1768574
HOA Y/N No
Annual Tax Amount $17,125
Lot Size 7.000 Acres
Acres 7.0
Property Sub-Type Other
Property Description
Jeannette/Irwin, Westmoreland County, Pennsylvania. The facility encompasses two adjacent locations — Adamsburg 1 (47 units) and Adamsburg 2 (69 units) — totaling 116 storage and outdoor parking units across approximately 7 acres. The 2025 Profit & Loss Statement confirms actual gross revenue of $206,220 and a Net Operating Income of $165,991 — an 8.74% cap rate on the $1,900,000 asking price. The seller's own P&L; values the property at $2,305,430 using a 7.2% cap rate, making $1,900,000 a $405,000 discount to stated value. Additional projected income of $36,000/yr from the 100 Main St office building is not included in the NOI and represents purely incremental upside.
Location
State PA
County Westmoreland
Area Adamsburg
Zoning None
Interior
Interior Features InteriorFeatures
Fireplace No
Exterior
Utilities Available Electricity Available
Road Frontage City Street
Total Parking Spaces 20
Building
Structure Type Aluminum Siding
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