Located in the heart of Castle Shannon, this 9,418 sq ft building is ready for redevelopment. The building has 22 bedrooms, with all but five of the rooms having their own bathroom. Located across the street from the "T" public transportation system, there are many other possible redevelopment options, such as short-term rentals, seasonal worker housing and many more. The large parking lot can accommodate about 30 vehicles.
REDEVELOPMENT OR VALUE-ADD OPPORTUNITY TO OWN A MIXED-USE 2-STORY INVESTMENT PROPERTY THAT IS SURE TO DELIVER SIGNIFICANT RETURNS. THIS PROPERTY BOASTS NUMEROUS RECENT UPDATES, INCLUDING RENOVATED SECOND-FLOOR SPACES, RESURFACED PARKING LOT, FRESH EXTERIOR PAINTING AND LANDSCAPING. THE PROPERTY FEATURES MULTIPLE RETAIL AND OFFICE FLEX SPACES, ALL OF WHICH HAVE UNDERGONE UPDATING TO ENSURE MAXIMUM OCCUPANCY RATES. CURRENTLY, THE PROPERTY IS OCCUPIED BY LONG-TERM TENANTS WHO ARE ON SHORT-TERM LEASES, ALLOWING FOR FLEXIBILITY IN MANAGEMENT AND LEASING STRATEGIES, OR A POTENTIAL SITE REDEVELOPMENT. THIS VALUE-ADD OPPORTUNITY IS PERFECT FOR INVESTORS LOOKING FOR AN UPSIDE FOR LEASING AND TENANT REPOSITIONING. LEARN MORE ABOUT THIS EXCITING INVESTMENT OPPORTUNITY!
Immerse yourself in the heartbeat of community living in this vibrant neighborhood. Quaint brick sidewalks lead the way to a treasure trove of small businesses, each adding its unique flavor to the local scene. The main trolley line weaves through, infusing the area with nostalgic charm and easy connectivity. Street parking adds a touch of convenience, inviting you to explore the neighborhoodâs diverse offerings with every step. Welcome to a dynamic tapestry where small businesses thrive, history is embraced, and every corner tells a story. For sale is the iconic corner location, Kimmie's Lounge & Restaurant -- offering a main level bar and restaurant, full kitchen, two full bathrooms, and a lower level game room. Above the bar, houses (7) one bedrooms -- boarding style with communal washrooms offering a second stream of income. Included in the purchase is the LIQUOR LICENSE, bar & kitchen equipment, and real estate.
The data relating to real estate for sale on this web site comes in part from the IDX Program of the West Penn MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2024 West Penn Multi-List™. All rights reserved.
Castle Shannon is located in Pennsylvania. Castle Shannon, Pennsylvania has a population of 8,251. Castle Shannon is less family-centric than the surrounding county with 21.59% of the households containing married families with children. The county average for households married with children is 27.98%.
The median household income in Castle Shannon, Pennsylvania is $53,041. The median household income for the surrounding county is $56,333 compared to the national median of $57,652. The median age of people living in Castle Shannon is 41.6 years.
The average high temperature in July is 82.4 degrees, with an average low temperature in January of 21.8 degrees. The average rainfall is approximately 38.4 inches per year, with 41.4 inches of snow per year.
