443 State Ave Beaver, PA 15009-1534
- Retail space
- 2,415 SF
- 0.17 lot acres
Oct 04, 2024
Current Use by Public Records
- MyEyeDr. / Contact Lenses Supplier / Eye Care Center
- J Chenet, OD / Optician / Optometrist
- Maria Shuster / Optometrist
- Complete Family Vision Care / Optometrist
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
-
AI approach
- Method
- Estimation
- Statistic approach
- $680,000
- ML approach
- $680,000
Get a detailed, property-specific valuation — 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
