624 Lysle Blvd
Retail | 87,191 SqFt
Marketing description
SVN | Three Rivers Commercial Advisors is pleased to present for sale 624 Lysle Blvd in McKeesport, PA, a 87,191 SF former senior care facility known as Senior Care Plaza. The building was originally built as a hotel in 1972 but was converted to a personal care facility in 1993 and consists of 25 rooms per floor along with common areas. The average room size is approximately 350 SF. Additions totaling 37,724 SF were added in 1998, 2000, and 2004. The main building is 4 stories. The west wing is a single story, which was a former memory care wing consisting of 12 rooms, dining area, conference room, courtyard, and laundry facility. The east wing is a 3-story building which consists of 27 beds that is currently leased on a 1 year lease (Paying $35k / Mo). There is a large fully equipped commercial kitchen with a walk-in-cooler. The property features a functional layout with 2 operational elevators making it ideal for assisted living, healthcare, affordable housing, or other residential uses. The property is strategically located in the heart of McKeesport near UPMC McKeesport Hospital and key transportation routes, this asset offers an excellent opportunity for investors or operators seeking a value add healthcare or residential redevelopment.
Location Description
McKeesport is a city in Allegheny County, situated at the confluence of the Monongahela and Youghiogheny rivers. Founded in 1795 and names in honor of John. McKee, its founder, McKeesport remained a village until 1830 when coal mining began in the region and became a borough in 1842 and a city in 1891. McKeesport is home to the UPMC McKeesport Hospital, the Carnegie Free Library, McKeesport Marina, Dead Man’s Hollow, Penn State University – Greater Allegheny Campus, and it has two fully staffed fire stations, along with the McKPD with 55 full time officers and 10 part time officers.
Allegheny County is a county in the southwestern part of Pennsylvania (PA). It is the second most populous county in PA following Philadelphia County. Allegheny County was the first in PA to be given a Native American name, being named after the Allegheny River. Allegheny County was created in September of 1788 from parts of Washington and Westmoreland counties and originally extended all the way north to the shores of Lake Erie and became the “Mother County” for most of northwestern PA before the counties current borders were set. The area developed rapidly throughout the 19th century to become the center of steel production in the nation. The county is known for the three major rivers that flow through it, the Allegheny, the Monongahela, and the Ohio Rivers. Allegheny County is home to three National Sports Teams, multiple major top ten companies as well as various colleges and universities. The county consists of 4 cities, 84 boroughs and 42 townships.
Investment highlights
- Former 146-bed assisted living facility w. all existing FF&E
- Approximately 87,191 SF building situated on 2.99 acres
- Partially leased East Wing provides immediate income opportunity
- Tremendous Opportunities as Assisted Living OR Re-Purpose
- Possible seller financing available
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