443 State Ave, Beaver, PA 15009-1534
- Retail space
- 2,415 SF
- 0.17 lot acres
Current Use by Public Records
- MyEyeDr. / (Bike/Boat/Book/etc) Store
- J Chenet, OD / Ophthalmologist / (Bike/Boat/Book/etc) Store
- Maria Shuster / Physician
- Complete Family Vision Care / Physician
Property Details for 443 State Ave
- Year built
- 1950
- Construction
- BRICK
- Lot size
- 0.17 lot acres
- Property type
- Retail space
- APN
- 54-006-0713.001
- APU
- 540060713001
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Oct 4, 2024 | $680,000 | The 1987 Home Trust | Cfvc Properties LLC | Special Warranty Deed | — |
| Sep 22, 2017 | — | Cfvc Properties LLC | — | Deed · related | $745k · Wesbanco Bank INC |
| Sep 2, 2005 | $150,000 | Cfvc Properties LLC | Havranek,gary J | Grant Deed · related | $224k · Wesbanco Bank INC |
| Sep 1, 2005 | $150,000 | Cfvc Properties LLC | Owner,record | Grant Deed · related | — |
| — | — | Cfvc Properties LLC | — | Deed Of Trust · related | $100k · Wesbanco Bk |
| — | — | Cfvc Properties LLC | — | Deed Of Trust · related | $745k · Wesbanco Bk |
Description
This fee-simple medical office building presents a compelling investment opportunity. Located at 443 State Ave, Beaver, PA 15009, this Class B property offers 2,415 square feet of space currently leased to MyEyeDr., a national operator with over 800 locations. The building, constructed in 1950, benefits from a net lease structure with a gross lease type and a single tenant occupancy. The current lease has 4.6 years remaining, with a 3% rent bump at the option period. The asking price is $429,678, representing a price per square foot of $177.92 and a current cap rate of 8.50%. The property's APN is 54-006-0713.001. This investment offers a strong return on investment, particularly given the tenant's demonstrated commitment to the location through lease extension and the inherent stability of the medical office sector. The property is not subject to a ground lease. This is a rare opportunity to acquire a high-yielding asset in a stable market. The optometry market is projected to continue strong growth. This property is e-commerce resistant, providing a hedge against economic downturns.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $680,000
- ML approach
- $680,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Beaver
- County
- Beaver
- State
- Pennsylvania
- Longitude
- -80.3298
- Latitude
- 40.684
- CBSA code
- 38300
- CBSA name
- PITTSBURGH, PA METROPOLITAN STATISTICAL AREA
