701 Fourth Ave - Medical FOR SALE


New Kensington, PA 15068
$275,000 USD
412-362-1065
701 Fourth Ave, New Kensington, PA for Sale
$275,000 USD
Medical - FOR SALE
1/18
null | 13.91% Cap Rate

701 Fourth Ave
New Kensington, PA 15068


HIGHLIGHTS

  • Great corner location and 7th and 4th Ave.
  • Immediate Cash Flow: Existing tenant lease on the second floor
  • Located in downtown corridor with redevelopment momentum.
  • Nearby area supports offices, social service agencies, medical clinics, law firms.

OVERVIEW

The property, built in 1986, is a two-story office building featuring an elevator and totaling approximately 6,555 square feet. It is prominently located at the intersection of 4th Avenue and 7th Street in Downtown New Kensington and is zoned C3, designated as “Downtown Commercial,” allowing for flexible business uses. The building includes assigned parking at the rear and currently offers a mix of occupancy, with the top floor leased at $38,250 annually and the first floor vacant, presenting an opportunity for additional income. Conveniently positioned near Route 28, the property is just twenty minutes from Pittsburgh and ten minutes from the Pennsylvania Turnpike. Additionally, it lies within a Federal Opportunity Zone, providing potential tax incentives extended under the 2025 tax act.

FOR SALE DETAILS

PRICE

$275,000 USD

PRICE/SF

$42 USD /SF

CAP RATE

13.91%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Alli-Kiski Professional Building

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

500

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,454 SF

ZONING

C3

APN/PARCEL ID

24-03-15-0-513,24-05-03-0-254

ASK ABOUT THIS PROPERTY

Marvin BirnerColdwell Banker RealtyMore Info
412-362-1065

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

Marvin BirnerColdwell Banker RealtyMore Info
412-362-1065

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