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449 McCormick Rd 15,680 SF Industrial Building Coraopolis, PA 15108 $3,100,000 ($197.70/SF) 6.96% Cap Rate
Investment Highlights
- 100% Occupied - Government Leased Offering
- Great Passive Cashflow opportunity
- Parking lot repaved in 2020 for $76k
- Property has been Police Barracks for 20 years
- New roof (2024) and HVAC (2025)
- (2) five-year renewal options
Executive Summary
SVN | Three Rivers Commercial Advisors is pleased to present for sale 449 McCormick Rd. This single tenant 15,680 SF building is leased to the Pennsylvania State Police, with approximately 2 years remaining on the lease, and the tenant holds two (2) five-year renewal options. Ideal Investment opportunity: Government leased property. The facility has been used as a state police barracks for 20 years.
The property features 14 offices, a lobby, several restrooms, men's and women's locker rooms, a classroom, fitness room, storage room and a garage among several other spaces. New roof (2024) and HVAC (2025). Tenant pays electric, gas, janitorial, snow removal, and landscaping.
The property features 14 offices, a lobby, several restrooms, men's and women's locker rooms, a classroom, fitness room, storage room and a garage among several other spaces. New roof (2024) and HVAC (2025). Tenant pays electric, gas, janitorial, snow removal, and landscaping.
Property Facts
| Price | $3,100,000 | Lot Size | 3.63 AC |
| Price Per SF | $197.70 | Rentable Building Area | 15,680 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 6.96% | Year Built | 2001 |
| Property Type | Industrial | Tenancy | Single |
| Building Class | C | ||
| Zoning | BP - Business Park | ||
| Price | $3,100,000 |
| Price Per SF | $197.70 |
| Sale Type | Investment |
| Cap Rate | 6.96% |
| Property Type | Industrial |
| Building Class | C |
| Lot Size | 3.63 AC |
| Rentable Building Area | 15,680 SF |
| No. Stories | 1 |
| Year Built | 2001 |
| Tenancy | Single |
| Zoning | BP - Business Park |
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Somewhat walkable
20/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 0500-F-00278-0000-00 | Improvements Assessment | $1,096,200 |
| Land Assessment | $274,000 | Total Assessment | $1,370,200 |
Property Taxes
Parcel Number
0500-F-00278-0000-00
Land Assessment
$274,000
Improvements Assessment
$1,096,200
Total Assessment
$1,370,200
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449 McCormick Rd
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