Connellsville Multi-Tenant Office
For Sale
Contact for pricing
1035 Morrell Avenue, Connellsville, PA 15425
12,500 SF multi-tenant office building with income potential.
Property Size12,500 SF
Price / SF$120
Days on Market101
Property Features for 1035 Morrell Avenue
General Information
Standard status
Active
Size
12,500 SF
Class
B
Property subtype
Retail, Office
Occupancy
52%
Lease Type
Modified Gross
Building Details
Tenancy
Multi
Listing Agency:
Newmark
(412) 281-0100
Listed By:
Kevin Spence · License #PA RS339186
Source:
Crexi
Added: May 19
Changed: Aug 21
Last Checked: Aug 26 at 2:59PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Newmark
Investment Insights
Based on property information with market context.
The property at 1035–1051 Morrell Avenue is a 12,500 square foot multi-tenant office building located along the US-119 corridor in Connellsville, Pennsylvania, situated in Fayette County. This area serves as the primary commercial spine, experiencing a daily traffic volume of 25,000 vehicles. The building currently generates $4,100 per month in rent from five tenants, representing a mix of healthcare, professional services, and retail uses. All five leases are month-to-month, and current rents are below market value. A 6,000 square foot suite is currently vacant and available for immediate occupancy or lease-up. The property presents an opportunity for a new owner to adjust rents by 20%, potentially increasing annual income by nearly $10,000. The vacant suite is suitable for an owner-user, such as a therapy group, medical practice, or professional services firm, who can occupy the space while existing tenant income offsets debt service.
Key Highlights
- High‑traffic location on US‑119 corridor with 25,000 vehicles per day.
- Significant income upside with immediate potential to increase rents by 20% on existing tenants.
- Vacant 6,000 SF suite available for immediate occupancy or lease‑up.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
216
Businesses Nearby
Explore this area
Business Placement
Demographics for 15425, PA
17,975
Population
8,603
Households
2.1
Avg Household Size
46
Median Age
19%
College-Educated
91%
High-School Grad
57.7 sq mi
ZIP Area
312
Density / Sq Mi
$53,859
Median Household Income
$40,927
Median Earnings
$697
Median Rent
$129,000
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - 12,500 SF multi-tenant office building with income potential.
Where is this office building located?
The property is located at 1035 Morrell Avenue Connellsville, PA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: High‑traffic location on US‑119 corridor with 25,000 vehicles per day.; Significant income upside with immediate potential to increase rents by 20% on existing tenants.; Vacant 6,000 SF suite available for immediate occupancy or lease‑up.
