Medical Office Space
301 E 1st Ave Tarentum, PA
301 E 1st Ave, Tarentum, PA, 00000
Contact for pricing
For Sale
Contact for pricing
3,500 SF medical office space for lease.
Property Size3,500 SF
Lot Size0.36 Acres
Price / SF$185.71
Days on Market754
Property Features for 301 E 1st Ave
General Information
- Standard status
- Active
- Size
- 3,500 SF
- Lot size
- 0.36 Acres
- Property subtype
- OFFICE
Properties For Sale
at 301 E 1st Ave Contact us
Listing Agency
Hanna Commercial Real Estate | Pittsburgh
(412) 261-2200
Listed by
Anthony Cost · License #AB067512
Source
Moodyscre
Added: Jun 28, 2024 Updated: Jul 6 at 10:16 am Checked: Jul 19 at 5:35 am
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 Hanna Commercial Real Estate | Pittsburgh
Investment Insights
Based on property information with market context.
This 3,500 square foot space is available for lease at $2,650 per month plus utilities. It is located within a two-story, mixed-use commercial building. The space is a second-generation medical office, formerly occupied by Allegheny Health Network. The property includes nine patient parking spaces and ten private parking spaces for doctors and support staff.
Key Highlights
- 2nd Generation Medical Office Space: Formerly Allegheny Health Network
- 3,500 SF For Lease
- 10 Private Parking Spaces for Drs. & Support Staff
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $79.0k | $22.56 |
| − Vacancy | −$19.3k | −$5.53 |
| EGI | $59.6k | $17.03 |
| − OpEx | −$14.9k | −$4.26 |
| NOI | $44.7k | $12.77 |
3,500 SF · lease $22.56/SF/yr · vacancy 24.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$638.7K
$558.9K – $745.2K
NOI $44,711 @ 7.0% cap · market cap 6.88%
Second Best
Healthcare Medical
$228.6K
$200.1K – $266.8K
NOI $16,005 @ 7.0% cap · market cap 2.46%
Theoretical Best
Office A
$891.5K
$780.1K – $1.04M
NOI $62,405 @ 7.0% cap · market cap 9.60%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Eric R. Smiga, ...
Dental Office
Sarah Demarco Davies
Dental Office
Accessible America LLC
Business Management Consultant
Bryce Lawrence Hartman
Dental Office
Martin Edward Eichner
Dental Office
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FAQs
What type of property is this?
Medical Office Space - 3,500 SF medical office space for lease.
Where is this medical office space located?
The property is located at 301 E 1st Ave Tarentum, PA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 2nd Generation Medical Office Space: Formerly Allegheny Health Network; 3,500 SF For Lease; **10 Private Parking Spaces for Drs. & Support Staff**
