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8.81 AC, 20K SF Building for Sale or Lease 3182 Innovation Way 20,212 SF 100% Leased Office Building Hermitage, PA 16148 $2,650,000 ($131.11/SF)

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INVESTMENT HIGHLIGHTS

  • Two available parcels spanning 8.81 AC of developable land in Hermitage, PA
  • Located in close proximity to Youngstown, OH and Grove City, PA markets
  • Property includes a two-story 20,200 SF building with lab space, class rooms, offices, and elevator access
  • Direct access to Route 18! Close proximity to Rt. 62, I-80, and I-79

EXECUTIVE SUMMARY

Colliers is pleased to present the opportunity to own or lease 3182 Innovation Way and a neighboring parcel, located in LindenPointe Business Park: a business campus situated in Hermitage, PA, featuring 14 buildings (6 office, 7 medical, 1 flex) and 115 acres. This investment opportunity includes two parcels totaling 8.81 acres of land, one of which hosts a 20,200 square-foot building. Both parcels are zoned B2 (Business 2 District Use), presenting investors with a wide variety of commercial development options.

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Office
Building Size
20,212 SF
Building Class
B
Year Built/Renovated
2004/2010
Price
$2,650,000
Price Per SF
$131.11
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
20,212 SF
Slab To Slab
10’
Building FAR
0.05
Lot Size
8.81 AC
Zoning
B2 - B2 zoning is a classification that is typically designated for areas featuring a wide range of commercial activities and services permitted.
Parking
75 Spaces (1.81 Spaces per 1,000 SF Leased)

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • Butler County Community College
  • -
  • -
  • -
  • -
  • Lindenpointe
  • -
  • -
  • -
  • -
  • West Middlesex Jr/Sr High School
  • -
  • -
  • -
  • -
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
Butler County Community College - - - -
Lindenpointe - - - -
West Middlesex Jr/Sr High School - - - -

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • 1st Floor
  • 10,106 SF
  • Office
  • Full Build-Out
  • 30 Days

First level of building includes three classroom spaces, reception area, boardroom, student lounge, a kitchen, and multiple offices.

  • 2nd Floor
  • 10,106 SF
  • Office
  • Full Build-Out
  • 30 Days

Second-story space features multiple classrooms, a lounge area, men's and women's restrooms, a 2nd-story atrium overlook, and multiple egress stairways.

Space Size Space Use Condition Available
1st Floor 10,106 SF Office Full Build-Out 30 Days
2nd Floor 10,106 SF Office Full Build-Out 30 Days

1st Floor

Size
10,106 SF
Space Use
Office
Condition
Full Build-Out
Available
30 Days

2nd Floor

Size
10,106 SF
Space Use
Office
Condition
Full Build-Out
Available
30 Days

1st Floor

Size 10,106 SF
Space Use Office
Condition Full Build-Out
Available 30 Days

First level of building includes three classroom spaces, reception area, boardroom, student lounge, a kitchen, and multiple offices.

2nd Floor

Size 10,106 SF
Space Use Office
Condition Full Build-Out
Available 30 Days

Second-story space features multiple classrooms, a lounge area, men's and women's restrooms, a 2nd-story atrium overlook, and multiple egress stairways.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
12-158-330-001-012
Land Assessment
$107,200
Improvements Assessment
$284,100
Total Assessment
$391,300
  • Listing ID: 32045660

  • Date on Market: 6/6/2024

  • Last Updated:

  • Address: 3182 Innovation Way, Hermitage, PA 16148

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