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Listed by REAL OF PENNSYLVANIA
$ 1,800,000
Est. payment /mo
Active Under Contract
702-708 N Jefferson New Castle, PA 16101
0.5 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID 1758015
HOA Y/N No
Annual Tax Amount $33,617
Lot Size 0.500 Acres
Acres 0.5
Property Sub-Type Office
Property Description
708 & 712 North Jefferson Street is a fully leased, income-producing medical facility offered at $1,800,000 with a Year 1 NOI of
$270,194 — representing a 14.81% cap rate on the purchase price. Three established medical tenants occupy the property under existing
leases generating $34,300 per month ($411,600 annually) in gross rental income. With a 37.24% cash-on-cash return on a $385,000 down
payment and a 2.13x debt coverage ratio, this is a rare stabilized medical asset with exceptional in-place returns and significant
appreciation potential. ¦ 14.81% Cap Rate — Day One. With $270,194 in NOI against a $1,800,000 asking price, this property delivers an exceptional yield.
Medical office assets nationally trade at 6–8% cap rates. This one is nearly double that — in place, today.
¦ Fully Leased — Three Established Medical Tenants. Edgewood Surgical, Retina Eye of Cleveland, and Lawrence County Eye
Associates (LCEA) are all in place and paying. No lease-up risk, no vacancy — just cash flow from Day
$270,194 — representing a 14.81% cap rate on the purchase price. Three established medical tenants occupy the property under existing
leases generating $34,300 per month ($411,600 annually) in gross rental income. With a 37.24% cash-on-cash return on a $385,000 down
payment and a 2.13x debt coverage ratio, this is a rare stabilized medical asset with exceptional in-place returns and significant
appreciation potential. ¦ 14.81% Cap Rate — Day One. With $270,194 in NOI against a $1,800,000 asking price, this property delivers an exceptional yield.
Medical office assets nationally trade at 6–8% cap rates. This one is nearly double that — in place, today.
¦ Fully Leased — Three Established Medical Tenants. Edgewood Surgical, Retina Eye of Cleveland, and Lawrence County Eye
Associates (LCEA) are all in place and paying. No lease-up risk, no vacancy — just cash flow from Day
Location
State PA
County Lawrence
Area New Castle/1St
Zoning C-1,
Interior
Interior Features InteriorFeatures
Fireplace No
Exterior
Utilities Available Electricity Available, Natural Gas Available, Sewer Available, Water Available
Road Frontage City Street
