1415 Eisenhower BlvdJohnstown, PA 15904

Property Details for 1415 Eisenhower Blvd

Year built

1993

Lot size

0.87 AC

Property type

Office properties

Property subtype

Other office properties

APN

050 115206

APU

50115206

Description

This exceptional single-story, 7,308 square foot Class B office building at 1415 Eisenhower Boulevard in Johnstown, Pennsylvania, presents a compelling investment opportunity. Currently 100% occupied, the property boasts a strong net operating income (NOI) of $107,000 and a 7.13% cap rate. The building features two suites, each separately metered for gas and electricity. Suite A, leased to 42 N. Dental, includes a spacious reception area, break room, private offices, a lab, and twelve operatories. Suite B offers a large reception area, private offices, four exam rooms, and a private restroom. Situated in a prime location near Johnstown's major retail area, newer residential developments, and the University of Pittsburgh Johnstown, this property benefits from a readily available patient pool and low maintenance requirements. The property is zoned C-3 and features a brick exterior. With its strong tenancy and attractive financial metrics, this property is ideal for owner-occupants or investors seeking a stable, high-return investment. The APN is 50-52-301.1. Asking price is $1,600,000.

• CAP approach

  CAP return

  Valuation

  6%

  $8,107,544

  6.5%

  $7,483,887

  7%

  $6,949,324

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,881,211

  Geo Method

  $7,597,720

• Alternative Use

  Use

  Valuation

  Residential

  $9,280,020

  Hospitality

  $8,500,448

  Educational

  $7,072,274

  Medical

  $7,315,500

  Retail

  $11,001,314

Location Insight

City

Johnstown

County

Cambria

State

Pennsylvania

Latitude

40.2732

Longitude

-78.8463

CBSA code

27780

CBSA name

JOHNSTOWN, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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