Current Use by Public Records
- Day care centers
Property Details for 77-87 Glade Dr
- Year built
- 2000
- Lot size
- 3.51 lot acres
- Property type
- Day care centers
- Property subtype
- Retail properties & Spaces
Description
This exceptional investment opportunity presents a 30,000-square-foot mixed-use commercial property situated on a 3.51-acre lot in Kittanning, Pennsylvania. The single-story building, constructed in 2000, features six separate units ranging in size from 500 to 10,000 square feet, currently configured for daycare/nursery, executive office, and medical office uses. The property boasts a clear-span beam structure, allowing for flexible space customization and the potential to combine units. Two loading docks and over 130 parking spaces cater to tenant and visitor needs. The property enjoys high visibility from Route 422 and is conveniently located approximately 0.7 miles from ACMH Hospital and 1.4 miles from local shops and restaurants. Currently, three tenants occupy 13,000 square feet, with lease terms varying. The property offers a compelling investment opportunity with a strong net operating income (NOI) of $386,667 and a cap rate of 13.33%. The asking price is $2,900,000, translating to a price per square foot of $96.67. The property is zoned for commercial use and has a parcel number of 12-0-65000. Financial information is available upon request. All information is deemed reliable but not guaranteed
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Kittanning
- County
- Armstrong
- State
- Pennsylvania
- Longitude
- -79.5645
- Latitude
- 40.8156
