433 W Patriot St - Office/Residential FOR SALE


Somerset, PA 15501
$275,000 USD
814-444-9400
433 W Patriot St, Somerset, PA for Sale
$275,000 USD
Office/Residential - FOR SALE
1/15
null | 9.28% Cap Rate

433 W Patriot St
Somerset, PA 15501


HIGHLIGHTS

  • Entire building leased to a single tenant with 6 years remaining on lease
  • New HVAC installed 2024
  • Tenant is a well-established not-for-profit corporation

OVERVIEW

This is one of those investment properties that don't look sexy on the outside but are solid money makers. The property is well maintained and consists of 1st floor offices with two integral garages, along with two 2nd floor apartments (1-bedroom & 3-bedroom), all of which are leased to a single tenant under a lease extending thru March 2030. The tenant pays all utilities and is a well establish not for profit corporation.

FOR SALE DETAILS

PRICE

$275,000 USD

PRICE/SF

$60 USD /SF

CAP RATE

9.28%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1966

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

B-1

APN/PARCEL ID

410014650

ASK ABOUT THIS PROPERTY

Mike BolandRMB RealtyMore Info
814-444-9400

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Mike BolandRMB RealtyMore Info
814-444-9400

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.