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985 Penn St Brackenridge, PA 15014

Medical Office Space Google Maps
0.24 ac lot
Entity Owned 5-yr Hold Free & Clear
Estimated value (blended)
$220k
Range $198k – $242k (±10%)
Property ID US73-1043729

Property summary

AI-generated overview

This exceptional investment opportunity presents a fully occupied, two-level brick commercial building situated at 985 Penn Street in Brackenridge, Pennsylvania. The property boasts a total area of 5,004 square feet, with each level comprising 2,502 square feet. Currently, the building is utilized as a medical office space, housing multiple tenants. The building is conveniently located and features an attractive exterior. The interior has been thoughtfully updated, with the lower level undergoing renovations in 2021. A significant feature is the large reception and waiting area, catering to the needs of the medical practice. The building is ADA compliant, ensuring accessibility for all. The property sits on a 0.24-acre lot. Importantly, the tenants are responsible for their respective utility costs, and the property taxes are shared equally between the tenants. The current asking price for this prime investment property is $400,000. This presents a strong return on investment opportunity due to the stable tenancy and the desirable location. The existing furniture within the building is owned by the tenants. This turnkey operation requires minimal owner involvement, making it an ideal addition to any investment portfolio. Serious inquiries are encouraged.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Lot 0.24 ac (10,263 SF)
APN 1367-K-148
UPID US73-1043729

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician
  • Physician
  • Physician Medical Clinic
  • Physician
  • Physician

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$280k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$220k

Owner & transaction history

since 2021
Last sale
$320,000
4 recorded transactions
2021
Price N/A
2021
$320,000
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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