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Two-Story Medical Office Building

985 Penn St Brackenridge, PA 15014

985 Penn St, Brackenridge, PA, 15014

$385,000

For Sale

$385,000

SINGLE_FAMILY - Brackenridge, PA

Property Size2,500 SF

Lot Size0.24 Acres

Price / SF$154

Days on Market239

Property Features for 985 Penn St

General Information

Property type: Residential
Property subtype: Office
Zoning: COM
Standard status: Active
Lot size: 0.24 Acres

Taxes and HOA fees

Tax Annual Amount: 7835

Building Details

Year built: 1981

Listing Agency REALTY ONE GROUP LANDMARK

1627 Freeport Road, Indiana, PA

Listed by Morgan Iseman · License #RS350880

Added: Nov 21, 2025 Checked: Jul 18 at 12:06 am

MLS# 1731589

Investment Insights

Based on property information with market context.

This two-level commercial medical building is designed for day-to-day usability, with approximately 2,500 square feet on each floor. The lower level has been fully renovated and is move-in ready, while the upper level is currently occupied by a long-standing tenant. Each floor is supported by its own designated parking area, along with ample off-street parking for patients, staff, and visitors. A spacious grassy side yard adds outdoor space to the property’s overall site setting.

The building is located in Brackenridge, Pennsylvania, at 985 Penn St, with easy access to Route 28. The combination of off-street parking and a side-yard area supports straightforward ingress and surface parking needs for medical and professional office users.

For buyers or operators seeking an ownership structure that can accommodate an in-house team or separate floor users, the renovated lower level and tenant-occupied upper level provide practical flexibility. Medical office tenants can benefit from a dedicated setup by floor, while owner-users may find the parking configuration and on-site outdoor space helpful for routine operations and client access.

Key Highlights

Two‑level medical/commercial building built in 1981 with 2,500 sq ft on each floor
Fully renovated lower level is move‑in ready
Upper level is currently occupied by a long‑standing tenant

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$56.4k	$22.56
− Vacancy	−$13.8k	−$5.53
EGI	$42.6k	$17.03
− OpEx	−$10.6k	−$4.26
NOI	$31.9k	$12.77

2,500 SF · lease $22.56/SF/yr · vacancy 24.50% · expense 25.00%

Alternative Uses

Best Use

Office B

$456.2K

$399.2K – $532.3K (±1% cap)

NOI $31,937 @ 7.0% cap · market cap 8.30%

Second Best

Healthcare Medical

$163.3K

$142.9K – $190.5K (±1% cap)

NOI $11,432 @ 7.0% cap · market cap 2.97%

Theoretical Best

Office A

$636.8K

$557.2K – $742.9K (±1% cap)

NOI $44,575 @ 7.0% cap · market cap 11.58%

Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Leah Coalmer Physician Valley Medical Associates: ... Physician Dr. Malcolm P. ... Physician PAUL J KILLIAN, ... Physician Kevin R Joyce, ... Physician

Suggested Use

What type of property is this?

Medical Office Space - Two-level medical office with renovated lower level, separate parking, and a grassy side yard near Route 28.

Where is this medical office space located?

The property is located at 985 Penn St Brackenridge, PA.

What is the asking price?

The asking price for this property is $385,000.

What are key features of this property?

This property features: Two‑level medical/commercial building built in 1981 with 2,500 sq ft on each floor; Fully renovated lower level is move‑in ready; Upper level is currently occupied by a long‑standing tenant