301 1St AveTarentum, PA 15084

For Sale
$690,000

Mixed-use medical office building, great investment.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a 12,341 square foot, Class B, multi-tenant medical office building located at 301 E 1st Ave, Tarentum, PA 15084. Currently 75% occupied, the property is offered at $690,000 ($55.91/sq ft). The building features four units, including a 3,500 square foot office suite available for lease, potentially subdividable. Lease terms are modified. The second floor comprises four large two-bedroom apartments. This two-story mixed-use building boasts a rich history as a former Allegheny Health Network facility. Ample parking is available with 9 spaces for patients and 10 private spaces for doctors and staff. The property sits on an 11,700 square foot lot and is zoned CC-Commercial Center-Apartments Over Office. This presents a unique opportunity to acquire a well-located, established medical office building with significant upside potential in a thriving community. The building's history as a medical office provides a strong foundation for continued success in this sector. The inclusion of residential units adds to the overall income stream and investment value.

Highlights

  • $690,000 asking price for this 12,341 square foot medical office building.
  • Class B, multi-tenant property with 75% occupancy.
  • Modified lease terms in place.
  • Located at 301 E 1st Ave, Tarentum, PA 15084.
  • Features four units, including four 2-bedroom apartments on the second floor.
  • 19 total parking spaces (9 patient, 10 staff).

Property Details for 301 1St Ave

Property type
Other office properties, Medical offices
Square Feet
12,341 SF
Class
B
Units
4

Location Insight

City
Tarentum
County
Allegheny
State
Pennsylvania
Latitude
40.6001368
Longitude
-79.7526545
301 1St Ave, Tarentum, Pennsylvania

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301 1St Ave
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