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315 9th Ave

13,796 SF 87% Leased Office Building New Brighton, PA 15066 £430,005 (£31/SF) 11% Net Initial Yield

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Investment Highlights

Sits Along Main Bus Line - Downtown
Updated HVAC

Room for 3/4 Businesses

Executive Summary

Large Office Building conveniently located in the heart of Downtown New Brighton. Over 13,000 square feet of space in this well maintained building. Lovely Patio Area at the entrance with welcoming reception area and one private office. Lower levels offers large space with private offices, conference room, cubicle areas, kitchen/lunch room, and 2 restrooms. Upstairs is separated into 2 units. One unit offers large open space with cubicles, 2 restrooms, kitchenette and spacious conference room. The other unit offers separate offices, kitchen, 2 restrooms and conference room. Full basement houses mechanicals and offers lots of storage. There are 2 Safes located within the building and an elevator (currently not functional). New HVAC installed in 2023. Two spaces currently occupied, one unit on 2nd floor for lease. New Brighton is conveniently located in Beaver County. Building sits along Third Ave which offers shopping, dining and doctor offices, and direct access to main bus line.

Property Facts

Sale Type

Investment or Owner User

Property Type

Office

Property Subtype

Medical

Building Size

13,796 SF

Building Class

Year Built/Renovated

1880/2000

Price

£430,005

Price Per SF

£31

Net Initial Yield

11%

NOI

£47,301

Percent Leased

87%

Tenancy

Multiple

Number of Floors

Typical Floor Size

6,898 SF

Building FAR

1.98

Land Acres

0.16 AC

Zoning

C-1 - C-1 Commercial allows for office space, a permitted use in downtown New Brighton, PA.

Parking

10 Spaces (0.72 Spaces per 1,000 SF Leased)

Amenities

24 Hour Access
Bus Route
Courtyard

Wheelchair Accessible
Kitchen
Reception

Storage Space
Basement

Recessed Lighting
Air Conditioning

Space Availability

2nd Floor
1,730 SF
Office
Full Build-Out
Now

Modern Downtown Office Space For Lease. 1,730 Square Feet of Space includes large open room with cubicles, conference room that overlooks lobby area, kitchenette and two restrooms. Lovely courtyard area at entrance. Utilities are included in monthly rent. Office furniture can remain or be removed. Great downtown location located along main bus line. Walk to shops and dining. Plenty of on-street parking available. Building is very well maintained.