FORMER MATT'S AUTO BODY 3762 Saxonburg Blvd 3,403 SF Retail Building Cheswick, PA 15024 $887,349 CAD ($260.75 CAD/SF) 6.74% Cap Rate

Exceptional mixed-use investment opportunity located in Indiana Township, Allegheny County, PA, just minutes from Fox Chapel. This diversified income-producing property consists of three separate buildings situated on two tax parcels and includes an additional vacant parcel, offering both immediate cash flow and future value-add potential.
The property features a mixed-use building consisting of a plumbing office and commercial storage/shop along with three two-bedroom residential apartments, a separate three-bay automotive garage, and a detached log cabin-style single-family residence with approximately three to four bedrooms. An additional vacant parcel (Tax ID: 0953-S-00056-0000-00) is included in the sale.
Current gross scheduled rental income is approximately $64,080 annually. Based on the current operating information available, the property offers an estimated capitalization rate of approximately 6.74% to 7.88%, depending on operating assumptions. Current rental rates are believed to be below market, providing investors with the opportunity to increase future income as leases renew. Estimated pro forma capitalization rates range from approximately 10.14% to 11.43% based upon estimated market rental rates and operating assumptions.
The tenant mix includes:
Three (3) two-bedroom apartments
Plumbing office
Commercial storage/shop
Three-bay automotive garage
Detached single-family residence
Apartment C is currently vacant, with a replacement tenant already identified. The remaining residential and commercial spaces are occupied, providing an established income stream.
Operating expenses remain relatively low due to separately metered utilities. Residential apartment tenants are responsible for their own gas and electric service, while the detached residence tenant pays all utilities. The owner currently pays only water, sewer, real estate taxes, and property insurance. All improvements are constructed on slab foundations with no basements.
Property Highlights
Mixed-use investment with diversified residential and commercial income.
Three separate income-producing buildings.
Additional vacant parcel included in the sale.
Approximately 0.6754 total acres.
Separately metered utilities.
Slab-on-grade construction with no basements.
Stable tenant base with long-term occupancy.
Opportunity to increase rents toward market levels.
Convenient access to Route 8, Fox Chapel, Pittsburgh, and surrounding communities.
Property Information
Asking Price: $630,000
Gross Scheduled Income: Approximately $64,080 annually
Estimated NOI: Approximately $42,469
Estimated CAP Rate: Approximately 6.74% to 7.88%
Estimated Pro Forma NOI: Approximately $63,900
Estimated Pro Forma CAP Rate: Approximately 10.14% to 11.43%
The property is currently zoned Village Residential by Indiana Township with existing limited commercial uses. Buyer is responsible for independently verifying zoning, permitted uses, dimensions, acreage, leases, rental income, operating expenses, capitalization rates, and all other information deemed material to Buyer's purchase decision.
All financial information, including rental income, operating expenses, net operating income, capitalization rates, market rent estimates, pro forma projections, and other investment analyses, has been prepared for informational purposes only. Actual results may vary based upon purchase price, financing type, financing terms, interest rates, operating expenses, future rental income, market conditions, management practices, and other factors. Buyer should perform independent due diligence and consult with appropriate legal, accounting, engineering, environmental, and financial professionals prior to purchasing the property.
All information is deemed reliable but is not guaranteed and is subject to errors, omissions, prior sale, prior lease, withdrawal from the market, and changes in price or terms without notice.