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Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor KW Steel City shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.   Courtesy of  KELLER WILLIAMS STEEL CITY
For Sale

4512 W State St

4512 W State St, Mahoning Twp, PA 16116

$399,000
Investment Opportunity - Fully Leased Banquet & Event FacilityExceptional investment opportunity featuring a fully leased banquet and event center in Lawrence County. This well-established property consists of approximately 3,100 SF situated on 0.912 acres and is subject to a two year Triple Net (NNN) lease, providing stable income with minimal landlord responsibilities.The tenant currently pays $2,000 per month NNN and has successfully operated the venue as a banquet and event facility serving western Pennsylvania and eastern Ohio. In addition to the base rent, the lease includes a 5% overage rent on all BBQ business generated during the lease term, offering investors additional upside as the business continues to grow.The facility is fully equipped with a commercial kitchen, banquet furnishings, tables, chairs, fixtures, and event equipment, allowing the tenant to continue operations without interruption. The venue has an established reputation for hosting weddings, bridal and baby showers, birthday parties, corporate functions, receptions, and other private events.The lower level provides additional value with flexible space featuring four garage doors, high ceilings, office space, additional restrooms, and access to a rear parking area. This area offers future income potential or expansion opportunities.Additional amenities include two ADA-compliant parking spaces located directly in front of the building and access to a large shared parking area through a long-term parking agreement maintained by the township. Conveniently located along Route 224 near the Pennsylvania-Ohio border, the property offers excellent accessibility for guests and customers throughout the region.Lease Highlights:Fully leased investment property$2,000/month Triple Net (NNN) leaseThree (3) year lease termLandlord receives 5% overage rent on BBQ businessTenant responsible for operating expenses under the NNN leaseTenant granted a First Right of Refusal should the owner elect to sell the property during the lease term (or as otherwise provided in the lease agreement)This offering presents an outstanding opportunity to acquire an income-producing commercial property with an established tenant, predictable cash flow, and additional upside through percentage rent.

0.91 Acres lot

Keri Thomas

Keri Thomas

Features & Amenities

Area & Lot

  • Status For Sale
  • Lot Area0.91 Acres
  • MLS® ID1760296
  • TypeCommercial
  • NeighborhoodLawrence County

Exterior

  • utilitiesElectricity Available, Natural Gas Available, Sewer Available, Water Available

Financial

  • Sales Price$399,000
  • Real Estate Tax $3,284/yr
  • Zoning Mixed
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Thank you for your interest in 4512 W State St, Mahoning Twp, PA 16116. We are reviewing your request and will be in touch shortly!

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