500 Chadwick St - Medical FOR SALE


Sewickley, PA 15143
$1,985,000 USD
412-721-8188
500 Chadwick St, Sewickley, PA for Sale
$1,985,000 USD
Medical - FOR SALE
1/38
null | 6.35% Cap Rate

500 Chadwick St
Sewickley, PA 15143


OVERVIEW

This is a rare opportunity to acquire a fully leased commercial property with a multi-location medical tenant operating across several states. Now in the fourth year of a seven-year NNN net lease, the tenant also holds an option to extend the lease for an additional three years.The property generates a net operating income of $126,000 annually, with monthly rent set at $10,500. Under the triple-net structure, the tenant is responsible for all interior maintenance, improvements, and renovations, as well as the upkeep of the parking lot, including snow removal and resurfacing. They also pay all local and county property taxes, cover all utilities, and carry a full annual property insurance policy.The tenant has a strong history of on-time payments, reports continued business growth, and maintains a cordial and professional relationship with the landlord. In addition to its solid financials, the property itself is truly unique. Originally built as a classic railroad station, the building was fully gutted and meticulously renovated inside and out by the previous owner. All major systems—including electrical, plumbing, and infrastructure—were updated to modern standards, resulting in a property that blends historic character with contemporary commercial functionality. This is an excellent opportunity for an investor seeking stable cash flow and a low-maintenance asset with long-term upside.

FOR SALE DETAILS

PRICE

$1,985,000 USD

PRICE/SF

$647 USD /SF

CAP RATE

6.35%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.6 AC

LAND SF

26,018 SF

ZONING

Commercial

APN/PARCEL ID

0506-M-00100-0000-00

ASK ABOUT THIS PROPERTY

Jodi HilliardPiatt Sotheby's International RealtyMore Info
412-721-8188

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Jodi HilliardPiatt Sotheby's International RealtyMore Info
412-721-8188

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