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438 Line Ave 4,000 SF 100% Leased Office Building Ellwood City, PA 16117 $289,000 ($72.25/SF) 10.03% Cap Rate
Investment Highlights
- Located on corner lot with high visibility
- Direct access to 5th st
- Ample parking for tenants and customers
- Minutes from Ellwood City
Executive Summary
The building is fully leased with one tenant open to signing a 5 year lease. The state representative is up for reelection next year but there is a strong history of this being the office of the state rep for many years regardless of candidate/party.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
4,000 SF
Building Class
C
Year Built
1980
Price
$289,000
Price Per SF
$72.25
Cap Rate
10.03%
NOI
$28,987
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
3,978 SF
Building FAR
0.26
Lot Size
0.35 AC
Zoning
C-1
Parking
15 Spaces (3.77 Spaces per 1,000 SF Leased)
Amenities
- Storage Space
- Air Conditioning
1 1
Fairly walkable
40/100
Moderately drivable
60/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 14-089500 | Improvements Assessment | $107,400 |
| Land Assessment | $37,500 | Total Assessment | $144,900 |
Property Taxes
Parcel Number
14-089500
Land Assessment
$37,500
Improvements Assessment
$107,400
Total Assessment
$144,900
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Main investment
438 Line Ave
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