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145 Race St
Ridgway, PA 15853

Department of Social Services · Office Property For Sale

INVESTMENT HIGHLIGHTS

  • Government Backed Lease -The Commonwealth of Pennsylvania has a AA credit rating, same as the federal government
  • High Income in Surrounding Area – The 5-mile radius average household income is $75,889 according to Costar.
  • Near Investment Grade Tenants –Napa Auto Parts, Northwest Bank, Allstate, Keystone Ace Hardware, etc.
  • Higher Cap rate – listed at almost a 10% cap rate, this opportunity adds a lot of value to an owner to come in and increase their return
  • Located along PA Highway 219 – One of the final cities going from Pittsburgh into the state of NY and is often used as a traveling road into Buffalo.
  • CPI Increases – The Rent is adjusted in accordance with the CPI, which adjusts rent based on the change in Consumer Pricing percentage

PROPERTY FACTS

Property Type
Office
Building Size
7,350 SF
Building Class
B
Year Built
2000
Tenancy
Single
Building Height
1 Story
Typical Floor Size
7,350 SF
Building FAR
0.18
Lot Size
0.92 AC
Zoning
Commercial - Commercial
Parking
33 Spaces (4.49 Spaces per 1,000 SF Leased)

PROPERTY TAXES

  • Listing ID: 29096431

  • Date on Market: 7/25/2023

  • Last Updated:

  • Address: 145 Race St, Ridgway, PA 15853