Class A Senior Healthcare
1495 N Ctr Ave Somerset, PA 15501
1495 N Ctr Ave, Somerset, PA, 15501
Contact for pricing
For Sale
Contact for pricing
Newly delivered Class A healthcare facility built in 2020 on a 3.74-acre parcel.
Property Size13,300 SF
Lot Size3.74 Acres
Price / SF$271.50
Days on Market118
Property Features for 1495 N Ctr Ave
General Information
- Standard status
- Active
- Size
- 13,300 SF
- Lot size
- 3.74 Acres
- Property subtype
- Office, Retail, Special Purpose
Building Details
- Year Built
- 2020
Listing agency
CBRE - Philadelphia Suburban
(484) 567-2340
Listed by
Matthew Gorman · License #PA RS287470
Source
Crexi
Added: Mar 26 Updated: Jul 20 at 5:05PM Checked: Jul 20 at 5:05PM
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 CBRE - Philadelphia Suburban
Investment Insights
Based on property information with market context.
CBRE is pleased to exclusively present for sale the UPMC-backed Community LIFE building in Somerset, Pennsylvania. Delivered new in 2020, the property is a 13,300 SF Class “A” healthcare facility purpose-built to support Community LIFE’s integrated senior care model.
The building is situated on an oversized 3.74-acre parcel within a concentrated medical hub that includes UPMC Somerset Hospital less than 2 miles away. The PA Turnpike Somerset interchange is also noted as providing easy regional access.
As a senior healthcare facility, the building is designed to support an “age in place” approach, with facilities and layout built around Community LIFE’s integrated care concept.
The building is situated on an oversized 3.74-acre parcel within a concentrated medical hub that includes UPMC Somerset Hospital less than 2 miles away. The PA Turnpike Somerset interchange is also noted as providing easy regional access.
As a senior healthcare facility, the building is designed to support an “age in place” approach, with facilities and layout built around Community LIFE’s integrated care concept.
Key Highlights
- Class A healthcare facility delivered in 2020
- 13,300 SF facility built in 2020
- Located on an oversized 3.74‑acre parcel
Local Financial Insights For Apartment 5plus
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 | $196.3k | $14.76 |
| − Vacancy | −$11.4k | −$0.86 |
| EGI | $184.9k | $13.90 |
| − OpEx | −$83.2k | −$6.26 |
| NOI | $101.7k | $7.65 |
13,300 SF · lease $14.76/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.45M
$1.27M – $1.70M
NOI $101,707 @ 7.0% cap · market cap 2.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.21M
$3.69M – $4.92M
NOI $294,941 @ 7.0% cap · market cap 8.17%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Community life
Association / Organization
Similar For Sale Nearby
Similar Off Market Nearby
- Ganister Station — 129 Brantwood Dr, Somerset, PA 15501
- Interim HealthCare of Somerset — 512 Georgian Pl, Somerset, PA 15501
FAQs
What type of property is this?
Senior housing / Retirement Home - Newly delivered Class A healthcare facility built in 2020 on a 3.74-acre parcel.
Where is this senior housing / retirement home located?
The property is located at 1495 N Ctr Ave Somerset, PA.
What is the asking price?
The asking price for this property is $3,611,000.
What are key features of this property?
This property features: Class A healthcare facility delivered in 2020; 13,300 SF facility built in 2020; Located on an oversized 3.74‑acre parcel
