For Sale
$1,675,000

708 Jefferson St New Castle, PA 16101

Profitable Medical Office Building, 10% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional Class A medical office building presents a compelling investment opportunity. Located at 708 N Jefferson St, New Castle, PA 16101, this stabilized property boasts a 10.03% cap rate and a substantial net operating income (NOI) of $168,000. The 13,704 square foot facility comprises two, two-story buildings situated on a 0.88-acre lot with ample parking (20 spaces per 1,000 sq ft). Currently 100% occupied under an absolute NNN lease, this single-tenant property offers significant long-term stability. The property features a mix of general office space, private offices, exam rooms, surgical operating rooms, and a recovery room, all meticulously maintained. Major renovations were completed in 2009, ensuring the building is in excellent condition. The property includes elevators in both buildings, a concrete foundation, membrane roof, stucco exterior, and modern interior finishes. With 138 feet of frontage on E Laurel Ave and 120 feet on N Jefferson St, and permitted C-1 zoning, this property offers significant potential. Built in 1966, this turnkey investment is ready for immediate ownership. An appraisal report is available upon request.

Highlights

  • Excellent investment opportunity.
  • Move-in ready condition with excellent maintenance.
  • Appraisal available upon request.
  • Major renovations completed in 2009.

Property Details for 708 Jefferson St

Property type
Office properties, Medical offices
Square Feet
13,704 SF
Class
A
Year Built/Renovated
1966/2009
Buildings
2
Stories
2
Lot Size (sq. ft)
38,333 SF

Location Insight

City
New Castle
County
Lawrence
State
Pennsylvania
Latitude
41.009134
Longitude
-80.347115

FAQs

What type of property is this?
Office property - Profitable Medical Office Building, 10% Cap Rate
Where is the office property located?
The property is located at 708 Jefferson St New Castle, PA.
What is the asking price?
The asking price for this property is $1,675,000.
What are key features of this property?
This property features: Excellent investment opportunity.; Move-in ready condition with excellent maintenance.; Appraisal available upon request.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
708 Jefferson St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message