77-87 Glade DrKittanning, PA 16201

  • Specialty properties
  • 30,000 SF
For Sale
$2,900,000 View listing

Property Details for 77-87 Glade Dr

Year built
2000
Lot size
3.51 AC
Property size (Sq ft)
30,000 SF
Property type
Specialty properties
Property subtype
Day care centers & nurseries

Description

This exceptional investment opportunity presents a 30,000-square-foot mixed-use commercial property situated on a 3.51-acre lot in Kittanning, Pennsylvania. The single-story building, constructed in 2000, features six separate units ranging in size from 500 to 10,000 square feet, currently configured for daycare/nursery, executive office, and medical office uses. The property boasts a clear-span beam structure, allowing for flexible space customization and the potential to combine units. Two loading docks and over 130 parking spaces cater to tenant and visitor needs. The property enjoys high visibility from Route 422 and is conveniently located approximately 0.7 miles from ACMH Hospital and 1.4 miles from local shops and restaurants. Currently, three tenants occupy 13,000 square feet, with lease terms varying. The property offers a compelling investment opportunity with a strong net operating income (NOI) of $386,667 and a cap rate of 13.33%. The asking price is $2,900,000, translating to a price per square foot of $96.67. The property is zoned for commercial use and has a parcel number of 12-0-65000. Financial information is available upon request. All information is deemed reliable but not guaranteed

77-87 Glade Dr, Kittanning, Pennsylvania

Location Insight

City
Kittanning
County
Armstrong
State
Pennsylvania
Latitude
40.8156
Longitude
-79.5645

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