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1 Kiski Ave 27,150 SF 100% Leased Office Building Leechburg, PA 15656 $1,595,000 ($58.75/SF) 11.25% Cap Rate
Investment Highlights
- Spacious, private, water-front property with plenty of green space! Located in the geographical center of the Marcellus natural gas region!
Executive Summary
Prime Investment Opportunity for business relocation/expansion.
This listing comes with 5 acres of prime river-front property with multiple, large parking lots. With an option to purchase an additional 3 acres!
Idea for medical, professional office, residential buildout or light industrial.
Located in the geographical center of the Marcellus natural gas region!
Perfect for additional construction, parking (200 + parking locations), vehicle storage, staging of operations (see pictures)
Please visit: https://riverviewacres.ws
This listing comes with 5 acres of prime river-front property with multiple, large parking lots. With an option to purchase an additional 3 acres!
Idea for medical, professional office, residential buildout or light industrial.
Located in the geographical center of the Marcellus natural gas region!
Perfect for additional construction, parking (200 + parking locations), vehicle storage, staging of operations (see pictures)
Please visit: https://riverviewacres.ws
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
27,150 SF
Building Class
C
Year Built/Renovated
1960/2018
Price
$1,595,000
Price Per SF
$58.75
Cap Rate
11.25%
NOI
$179,500
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
9,050 SF
Building FAR
0.12
Lot Size
5.10 AC
Zoning
Professional Campus - Professional Campus:
Light Industrial, Clinic (Medical), Business and/or Medical Office, Education, Single-Multi Unit Housing.
Parking
200 Spaces (7.37 Spaces per 1,000 SF Leased)
Amenities
- Conferencing Facility
- Security System
- Signage
- Waterfront
- Wheelchair Accessible
- Reception
- Storage Space
- Air Conditioning
- Smoke Detector
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Allegheny Valley Institute Of Technology, Inc.
- Educational Services
- 3,000 SF
- -
- Full Service
- -
- American Safety & Health Consulting & Training Ser
- Educational Services
- 3,000 SF
- -
- Single Net
- Jul 2030
- Merakey Education Center
- Educational Services
- 18,000 SF
- -
- Plus Utilities
- Aug 2028
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Allegheny Valley Institute Of Technology, Inc. | Educational Services | 3,000 SF | - | Full Service | - | |
| American Safety & Health Consulting & Training Ser | Educational Services | 3,000 SF | - | Single Net | Jul 2030 | |
| Merakey Education Center | Educational Services | 18,000 SF | - | Plus Utilities | Aug 2028 |
Fairly walkable
40/100
Exceptionally drivable
90/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 26-0-016646 | Improvements Assessment | $136,890 |
| Land Assessment | $151,140 | Total Assessment | $288,030 |
Property Taxes
Parcel Number
26-0-016646
Land Assessment
$151,140
Improvements Assessment
$136,890
Total Assessment
$288,030
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1 Kiski Ave