Two-Story Medical Office
301 E 1st Ave Tarentum, PA 15084
For Sale
Contact for pricing
Second-generation medical office space in a two-story mixed-use building with patient and private parking.
Property Size11,800 SF
Price / SF$55.08
Days on Market763
Property Features for 301 E 1st Ave
General Information
Standard status
Active
Size
11,800 SF
Property subtype
OFFICE
Listing Agency:
Hanna Commercial Real Estate | Pittsburgh
(412) 261-2200
Listed By:
Anthony Cost · License #AB067512
Source:
Moodyscre
Added: Jun 28, 2024
Changed: Jul 28
Last Checked: Jul 29 at 3:51PM
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 two-story mixed-use commercial building includes approximately 3,500 square feet of second-generation medical office space that was formerly occupied by Allegheny Health Network. The offering is configured for medical office use and is complemented by on-site parking for both patients and staff.
The property includes 9 patient parking spaces and 10 private parking spaces for doctors and support staff, supporting everyday visits and day-to-day operations.
All utilities are included in the operating structure as stated in the public remarks, and the space is presented as a medical office asset within the building.
The property includes 9 patient parking spaces and 10 private parking spaces for doctors and support staff, supporting everyday visits and day-to-day operations.
All utilities are included in the operating structure as stated in the public remarks, and the space is presented as a medical office asset within the building.
Key Highlights
- Second‑generation medical office space in a two‑story mixed‑use commercial building
- Approximately 3,500 SF medical office space; formerly Allegheny Health Network
- $2,650.00 per month plus all utilities
Financial Insights For Healthcare Medical
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 | $96.3k | $8.16 |
| − Vacancy | −$6.4k | −$0.54 |
| EGI | $89.9k | $7.62 |
| − OpEx | −$36.0k | −$3.05 |
| NOI | $54.0k | $4.57 |
11,800 SF · lease $8.16/SF/yr · vacancy 6.60% · expense 40.00%
Alternative Uses
Best Use
Office B
$2.15M
$1.88M – $2.51M
NOI $150,740 @ 7.0% cap · market cap 23.19%
Second Best
Healthcare Medical
$770.9K
$674.5K – $899.3K
NOI $53,960 @ 7.0% cap · market cap 8.30%
Theoretical Best
Office A
$3.01M
$2.63M – $3.51M
NOI $210,395 @ 7.0% cap · market cap 32.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Medical Office Space - Second-generation medical office space in a two-story mixed-use building with patient and private parking.
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: Second‑generation medical office space in a two‑story mixed‑use commercial building; Approximately 3,500 SF medical office space; formerly Allegheny Health Network; $2,650.00 per month plus all utilities
