201 Mary Higginson Ln, Uniontown, PA 15401-2658
- Banks
- 2.00 lot acres
Current Use by Public Records
- Banks
Property Details for 201 Mary Higginson Ln
- Lot size
- 2.00 lot acres
- Property type
- Banks
- APN
- 34-01-0086-01
- APU
- 3401008601
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| May 5, 2025 | $2,720,000 | Hp Uniontown LLC | Uniontown Md LLC | Deed | $1.6M · Provident Bank |
| Feb 28, 2023 | $2,650,000 | Uniontown Md | Beeson Hill Properties LLC | Deed | $1.9M · Rollstone Bank & Trust |
Description
This exceptional investment opportunity presents a 13,067 square foot, multi-tenant medical office building located at 201 Mary Higginson Ln, Uniontown, PA 15401. The property boasts a strong 7.75% cap rate and a substantial net operating income (NOI) of $213,361. Currently 100% occupied by two credit-rated tenants, DaVita Dialysis and WVU Medicine, this NNN-leased property offers a stable and predictable income stream. The leases feature favorable terms, including annual rent bumps—1.5% for DaVita and the greater of 3% or CPI for WVU Medicine—extending through April 29, 2031, providing a remaining lease term of 6.4 years. Recent renovations exceeding $200,000 enhance the property's appeal. The strategic location within a thriving medical hub, just 1.7 miles from WVU Uniontown Hospital, and serving a population of over 73,000 within a 10-mile radius, ensures consistent demand. This synergistic tenancy, with both tenants recently extending their leases, demonstrates a strong commitment to the site and presents a compelling investment opportunity for discerning buyers. The property's financial strength, coupled with its long-term lease structure and built-in rent growth, makes it an attractive addition to any portfolio. The investment type is a multi-tenant medical net lease with a lease commencement date of July 20, 2010.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,355,000
- ML approach
- $2,335,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Uniontown
- County
- Fayette
- State
- Pennsylvania
- Longitude
- -79.7558
- Latitude
- 39.9106
- CBSA code
- 38300
- CBSA name
- PITTSBURGH, PA METROPOLITAN STATISTICAL AREA
