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110-112 E Otterman St 18,000 SF 10% Leased Office Building Greensburg, PA 15601 $800,000 ($44.44/SF) 9.71% Cap Rate
EXECUTIVE SUMMARY
Great opportunity to re-develop this building ideally situated across from St. Claire Park in Downtown Greensburg.
Many updates which include new roof, new windows, paint, new garage doors in rear.
1st and 2nd floor already framed out for a mix of studio, 1 BR, and 2 BR apartments.
Property comes with 12 space parking lot across the street in addition to lot in the rear for an additional 6-8 spaces.
Many updates which include new roof, new windows, paint, new garage doors in rear.
1st and 2nd floor already framed out for a mix of studio, 1 BR, and 2 BR apartments.
Property comes with 12 space parking lot across the street in addition to lot in the rear for an additional 6-8 spaces.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Office
Property Subtype
Office/Residential
Building Size
18,000 SF
Building Class
B
Year Built
1960
Price
$800,000
Price Per SF
$44.44
Cap Rate
9.71%
NOI
$77,680
Percent Leased
10%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
9,000 SF
Slab To Slab
12’
Building FAR
1.48
Lot Size
0.28 AC
Zoning
C-2 - Commercial
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Doggie Paws & Kitty Claws Gone
- Services
- -
- -
- -
- Riccia Enterprises LLC
- Retailer
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Doggie Paws & Kitty Claws Gone | Services | - | - | - | ||
| Riccia Enterprises LLC | Retailer | - | - | - |
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 5,000 SF | Retail | Shell Space | Now |
1st Floor
| Size |
| 5,000 SF |
| Space Use |
| Retail |
| Condition |
| Shell Space |
| Available |
| Now |
1 of 2
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1st Floor
| Size | 5,000 SF |
| Space Use | Retail |
| Condition | Shell Space |
| Available | Now |
Walk Score®
Very Walkable (89)
PROPERTY TAXES
| Parcel Number | 10-02-15-0-339 | Improvements Assessment | $1,080 |
| Land Assessment | $21,850 | Total Assessment | $22,930 |
PROPERTY TAXES
Parcel Number
10-02-15-0-339
Land Assessment
$21,850
Improvements Assessment
$1,080
Total Assessment
$22,930
MAP
ADDITIONAL PHOTOS
Building Photo
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