The Highland Park Building is a 23,012-square-foot, three-story medical office building located at 20 Highland Park Drive in Uniontown, Pennsylvania. Taken together, the recent CapEx undertaken by current ownership and direct access to Uniontown Hospital and the Central Business District provides sound fundamentals for a new healthcare tenant or owner-user. The property has been owner-occupied and currently has several smaller tenants remaining, which will help with associated mortgage costs. The building is well-positioned for an owner-user or a value-add investor as it is still relatively young, being constructed in 1991. A large 105-space asphalt parking lot wraps around the building providing patients and office staff with ease of access. In addition, the building has an elevator and is ADA compliant while running at 20% occupancy, an opportunity for a new owner to raise rents to market value. Furthermore, each unit within the Huntington Park building is separately metered with an 800 amp electrical service giving the owner considerable discretion regarding lease-up and how to handle property expenses with a new tenant. Located on the Southside of US 22 in Uniontown, just west of US 119, this three-story medical office building has been well maintained since it was built in 1991. Upgrades to the roof in 2009 and each HVAC unit in 2017, 2018, and 2019 benefits the property with new improvements that translate into reduced long-term costs for a new owner. Currently, the Fayette County submarket, of which Uniontown is the county seat, is not experiencing the kind of office building development that tends to impact vacancy rates or rental values. In turn, the Highland Park building benefits as it requires businesses to deal with owners of existing office space. Located near the juncture of US 119 and US 22, the Highland Park building is situated in an area that draws the surrounding population in from western Pennsylvania, thus, creating a predictable and closely held regional base. Property tours are available by appointment only. Please contact Rich Beynon to schedule at rbeynon@svn.com or 412-261-3640.
