Crawford Medical Office | 1029 Liberty St
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Crawford Medical Office 1029 Liberty St
3,600 SF Office Building Franklin, PA 16323 $350,000 ($97/SF) 12.86% Cap Rate
Investment Highlights
- In the center of the busiest intersection in Venango County, PA.
- Currently used as a doctor's office, property has unlimited commercial potential
- Daily traffic count 14,000+
Executive Summary
Beautiful medical office building in the center of Franklin, PA - This property is located in the center of the commercial business district at the highest traffic count intersection in Venango County. The building includes two levels of offices, modern infrastructure, and a separate paved parking lot suitable for 40 vehicles. The cap rate is pro forma.
Financial Summary (Actual - 2021) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$77,400
|
$21.50
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$77,400
|
$21.50
|
| Taxes |
$12,720
|
$3.53
|
| Operating Expenses |
$32,761
|
$9.10
|
| Total Expenses |
$45,481
|
$12.63
|
| Net Operating Income |
$31,919
|
$8.87
|
Financial Summary (Actual - 2021)
| Gross Rental Income | |
|---|---|
| Annual | $77,400 |
| Annual Per SF | $21.50 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $77,400 |
| Annual Per SF | $21.50 |
| Taxes | |
|---|---|
| Annual | $12,720 |
| Annual Per SF | $3.53 |
| Operating Expenses | |
|---|---|
| Annual | $32,761 |
| Annual Per SF | $9.10 |
| Total Expenses | |
|---|---|
| Annual | $45,481 |
| Annual Per SF | $12.63 |
| Net Operating Income | |
|---|---|
| Annual | $31,919 |
| Annual Per SF | $8.87 |
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Lease Option
Property Type
Office
Property Subtype
Building Size
3,600 SF
Building Class
B
Year Built/Renovated
1910/2006
Price
$350,000
Price Per SF
$97
Cap Rate
12.86%
NOI
$45,000
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
1,800 SF
Building FAR
0.14
Lot Size
0.60 AC
Opportunity Zone
Yes
Zoning
CBD - Central Business District
Parking
40 Spaces (10 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Bus Line
- Conferencing Facility
- Security System
- Signage
- Kitchen
- Central Heating
- Reception
- Shower Facilities
- Wi-Fi
- Air Conditioning
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- UPMC
- Health Care and Social Assistance
- 3,600 SF
- $21.50
- Modified Gross
- Oct 2020
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| UPMC | Health Care and Social Assistance | 3,600 SF | $21.50 | Modified Gross | Oct 2020 |
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
3,600 square feet available of office space. Amazing amount of parking available for tenants in the back of the building.
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste A | 3,600 SF | Office/Medical | Full Build-Out | Now |
1st Fl-Ste A
| Size |
| 3,600 SF |
| Space Use |
| Office/Medical |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste A
| Size | 3,600 SF |
| Space Use | Office/Medical |
| Condition | Full Build-Out |
| Available | Now |
3,600 square feet available of office space. Amazing amount of parking available for tenants in the back of the building.
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PROPERTY TAXES
| Parcel Numbers | Total Assessment | $368,270 (2023) | |
| Land Assessment | $85,510 (2023) | Annual Taxes | $12,720 ($3.53/SF) |
| Improvements Assessment | $282,760 (2023) | Tax Year | 2021 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$85,510 (2023)
Improvements Assessment
$282,760 (2023)
Total Assessment
$368,270 (2023)
Annual Taxes
$12,720 ($3.53/SF)
Tax Year
2021
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Crawford Medical Office | 1029 Liberty St
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