110 Youngstown Rd

14,832 SF Office Building Lemont Furnace, PA 15456 $600,000 ($40/SF) 6% Cap Rate

Investment Highlights

  • Conveniently located near Route 119, providing easy access to Uniontown and Connellsville making travel convenient for clients and patients.
  • Increasing local population growth, translating to increased demand for services provided by those in place and available here.
  • Situated nearby local shops, restaurants, and other essential services, enhancing convenience for staff and visitors.
  • Close to other medical practices, hospitals, and healthcare services, enhancing collaborative opportunities.

Executive Summary

110 Youngstown Rd has been meticulously maintained during the 6 years UPMC has been a tenant. The large paved parking lot is fully lighted with LED poles and boasting room for up to 100 cars. The bottom floor contains nearly 7,000 square feet of space was completely remodeled in 2018 through 2019, with nine private offices and open working space. The 8,000 square foot main level has more than ten private office with large working spaces fit for 30 people. The office floor plans are flexible and can stay in tact or be removed for a more open concept. Both floors have a conference room, kitchen, and multiple bathrooms. The building currently has two tenants bringing in about $48,000 per year in gross income. The agent listing this is also the owner of the building.

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
14,832 SF
Building Class
C
Year Built/Renovated
1979/2006
Price
$600,000
Price Per SF
$40
Cap Rate
6%
NOI
$36,000
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
7,416 SF
Building FAR
0.11
Lot Size
3.03 AC
Zoning
C - This zoning district has general regulations that apply to the area, including prohibited uses, access to structures, and landscaping.
Parking
80 Spaces (5.4 Spaces per 1,000 SF Leased)

Amenities

  • Air Conditioning
  • Smoke Detector

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Floor
  • 8,000 SF
  • Office
  • Partial Build-Out
  • 30 Days
Space Size Space Use Condition Available
1st Floor 8,000 SF Office Partial Build-Out 30 Days

1st Floor

Size
8,000 SF
Space Use
Office
Condition
Partial Build-Out
Available
30 Days

DEMOGRAPHICS

Demographics

1 Mile 1 Mi. 3 Miles 3 Mi. 5 Miles 5 Mi.
1 Mile
3 Mile
5 Mile
2020 Population
1,293
7,671
30,209
2024 Population
1,469
7,931
30,362
Population Growth '20-'24
13.6%
3.4%
0.5%
2020 Households
563
3,368
13,249
2024 Households
643
3,485
13,315
Household Growth '20-'24
14.2%
3.5%
0.5%
Average Age
45
45
44
Median Household Income
$42,937
$45,813
$42,617
Daytime Employees
924
3,893
17,371
Total Businesses
56
285
1,968
College Degree + Higher
10%
16%
17%

PROPERTY TAXES

  • Listing ID: 33593623

  • Date on Market: 10/22/2024

  • Last Updated:

  • Address: 110 Youngstown Rd, Lemont Furnace, PA 15456