145 Race St | Ridgway, PA 15853
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- LoopNet Team
145 Race St
Ridgway, PA 15853
Department of Social Services · Office Property For Sale
INVESTMENT HIGHLIGHTS
- Government Backed Lease -The Commonwealth of Pennsylvania has a AA credit rating, same as the federal government
- High Income in Surrounding Area – The 5-mile radius average household income is $75,889 according to Costar.
- Near Investment Grade Tenants –Napa Auto Parts, Northwest Bank, Allstate, Keystone Ace Hardware, etc.
- Higher Cap rate – listed at almost a 10% cap rate, this opportunity adds a lot of value to an owner to come in and increase their return
- Located along PA Highway 219 – One of the final cities going from Pittsburgh into the state of NY and is often used as a traveling road into Buffalo.
- CPI Increases – The Rent is adjusted in accordance with the CPI, which adjusts rent based on the change in Consumer Pricing percentage
PROPERTY FACTS
Property Type
Office
Building Size
7,350 SF
Building Class
B
Year Built
2000
Tenancy
Single
Building Height
1 Story
Typical Floor Size
7,350 SF
Building FAR
0.18
Lot Size
0.92 AC
Zoning
Commercial - Commercial
Parking
33 Spaces (4.49 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 12-12-231-7895 | Improvements Assessment | $159,700 |
| Land Assessment | $6,900 | Total Assessment | $166,600 |
PROPERTY TAXES
Parcel Number
12-12-231-7895
Land Assessment
$6,900
Improvements Assessment
$159,700
Total Assessment
$166,600
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