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3420 4th Ave 13,894 SF 100% Leased Retail Building Beaver Falls, PA 15010 $799,000 ($57.51/SF) 6.06% Cap Rate
Investment Highlights
- 3 Commercial Buildings Side-by-Side
- High Traffic Area 3 Miles from PA Turnpike
- Fully Leased
- 2 Parking Lots
Executive Summary
Three commercial buildings side by side sold as package in high-visibility location on Rte 18. All fully leased with great rental history! Information is combined amounts for all 3 buildings. Break down for each building as follows: 3410, parcel# 07-003-0309 (College Hill Commons) built in 2005 & has 3,386 sq ft which includes 4 office/retail spaces & 4 bathrooms, additional 3,378 sq ft includes 8 garages/storage bays, separate utilities, parking lot w/17 spaces. 3414, parcel# 07-003-0308 (College Hill Annex) has 400 sq ft business space, 1250 sq ft apartment with 3 bedrooms & additional 1650 sq ft garage/storage, separate gas & electric, 2 off street parking spaces. 3420, parcel# 07-003-0307 (College Hill Plaza) has 5080 sq ft which includes 6 business suites with 8 leased spaces, 6 bathrooms & a 3 bedroom apartment, additional 5080 sq ft includes 3 garages/storage areas, parking lot w/10 spaces. Nicely Maintained investment properties! Great location 3 miles to PA Turnpike & I376.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
13,894 SF
Building Class
C
Year Built
2005
Price
$799,000
Price Per SF
$57.51
Cap Rate
6.06%
NOI
$48,430
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.94
Lot Size
0.34 AC
Zoning
C-1 & C-2
Parking
17 Spaces (1.22 Spaces per 1,000 SF Leased)
Frontage
210’ on 4th Ave
Amenities
- Bus Line
- Corner Lot
- Pylon Sign
- Air Conditioning
Property Taxes
| Parcel Number | 07-003-0309.000 | Improvements Assessment | $227,850 |
| Land Assessment | $12,650 | Total Assessment | $240,500 |
Property Taxes
Parcel Number
07-003-0309.000
Land Assessment
$12,650
Improvements Assessment
$227,850
Total Assessment
$240,500
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3420 4th Ave
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