58 Old Lincoln Hwy, Adamsburg, PA 15664

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List Price
$1,800,000
Status
ACTIVE UNDER CONTRACT
Days on Market
88
MLS#
WESTPENN-1768574
Subtype
Commercial Sale
Lot Size
304,920
Acres
7
MLS Area Major
Adamsburg

Property Description

Adamsburg Affordable Self Storage & Flex is a fully operational, income-producing self-storage facility on Lincoln Highway (Route 30) in 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.

Additional Information

Taxes
$17,125

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Listing Courtesy of REAL OF PENNSYLVANIA.

INFORMATION DEEMED RELIABLE, BUT NOT GUARANTEED. Listings courtesy of WEST PENN MULTILIST, INC.