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    443 State Ave Beaver, PA 15009-1534

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    443 State Ave Beaver, PA 15009-1534


    • Retail space
    • 2,415 SF
    • 0.17 lot acres
    Off-Market
    Last Sale Oct 4, 2024
    $680,000
    Property ID
    US73-0856124
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    $680,000
    Show details
    Cap Rate Potential
    3.6%
    Retail space
    Location Intelligence

    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 size
    2,415 SF
    Property type
    Retail space
    APN
    54-006-0713.001
    APU
    540060713001

    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

    based on Realmo’s proprietary methodology
    • 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

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $14,921
    $23,400
    $120,850
    $144,250
    -
    $46,800
    $241,700
    $288,500
    More about this property
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