1035-1051 Morrell Avenue
Income-producing Class B office with 6,000 SF of vacant upside — Connellsville's US-119 corridor
Marketing description
1035–1051 Morrell Avenue is a 12,500 SF multi-tenant office building situated along the US-119 corridor in Connellsville, PA — Fayette County's primary commercial spine with 25,000 vehicles per day. The property generates $4,100/month in current rent from five operating tenants across a range of uses including healthcare, professional services, and retail, while a 6,000 SF suite sits vacant and ready for immediate occupancy or lease-up.
All five leases are month-to-month and current rents sit below market, giving a new owner the ability to reset rents by 20% immediately — adding nearly $10,000 in incremental annual income without a single new tenant. The vacant suite amplifies that story further: an owner-user — a therapy group, medical practice, or professional services firm — can occupy the space while existing tenant income offsets debt service.
Investment highlights
$1.5M asking price (~$120/SF) with $49,200 in current in-place NOI from five existing tenants
All leases are month-to-month — immediate flexibility to re-price, re-tenant, or occupy
Rents are below market — a 20% increase across occupied suites is executable today, lifting NOI to ~$59,040/yr
6,000 SF vacant suite represents the primary upside — lease-up or owner-occupancy
Two-parcel structure (1.32 acres, 87 parking spaces) offers long-term optionality: hold, expand, or sell individually
Healthcare corridor demand validated by existing chiro tenant, WVU Medicine Uniontown Hospital (~15 min), and healthcare as Fayette County's #1 employment sector
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