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701-703 Midland Ave 5,488 SF 100% Leased Office Building Midland, PA 15059 $195,000 ($35.53/SF) 10.51% Cap Rate
INVESTMENT HIGHLIGHTS
- 10,000 vehicle traffic count on major thorofare
- Corner lot with off street parking lot
EXECUTIVE SUMMARY
This 5,488 sq. ft. building features two residential apartments, a first-floor office, and a first-floor retail space, all situated on a high-visibility corner lot and fully occupied. Built with solid construction, it also offers the convenience of a desirable 7 car off-street parking lot. The location sees an impressive daily traffic count of around 10,000 vehicles.
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
5,488 SF
Building Class
C
Year Built/Renovated
1957/1959
Price
$195,000
Price Per SF
$35.53
Cap Rate
10.51%
NOI
$20,499
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,744 SF
Slab To Slab
10’
Building FAR
1.26
Lot Size
0.10 AC
Opportunity Zone
Yes
Zoning
Commercial
Parking
7 Spaces (1.28 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
- Storage Space
1 1
PROPERTY TAXES
| Parcel Number | 33-005-0601.000 | Total Assessment | $128,550 |
| Land Assessment | $18,150 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $110,400 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
33-005-0601.000
Land Assessment
$18,150
Improvements Assessment
$110,400
Total Assessment
$128,550
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Presented by
Sotheby's International Realty
701-703 Midland Ave
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