1023 Pittsburgh StUniontown, PA 15401

Property Details for 1023 Pittsburgh St

Lot size

3.76 AC

Property size (Sq ft)

30,000 SF

Property type

Healthcare properties

Property subtype

Other office properties

Description

This exceptional Uniontown, PA investment opportunity features two single-story office buildings totaling 30,000 square feet on a 3.76-acre lot. The property boasts a 9.31% cap rate and is currently 80% leased, with one tenant, Angel's Light, occupying all of the 12,000 square foot Building 1 and 12,000 square feet of the 18,000 square foot Building 2. Building 2 is currently under construction, with the additional 12,000 square foot lease commencing upon Certificate of Occupancy (COO) approval, expected in April 2024. An additional 6,000 square feet in Building 2 is available for lease. Built in 1995, the buildings feature concrete block construction on concrete slabs, painted brick veneer siding, metal roofs, and aluminum-framed windows. Safety features include a 24-hour emergency call system with central monitoring, sprinklers, and smoke detectors. Interior finishes are a mix of carpeting, tile, and vinyl flooring, with drywall walls and ceilings, and a combination of LED, incandescent, and fluorescent lighting. The property offers 84 paved parking spaces and is conveniently located on Pittsburgh Street (Route 51), one mile from Route 119 and 1.7 miles from Route 43, with Downtown Uniontown just 3.4 miles away. The asking price is $2,595,000, representing a price per square foot of $86.50. This property is ideal for both owner-occupiers and investors seeking a strong return. The sale includes a leaseback option.

Location Insight

City

Uniontown

County

Fayette

State

Pennsylvania

Latitude

39.9312

Longitude

-79.7293

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