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Lawrence County Eye center 508-512 N Jefferson st

13,704 SF 100% Leased Office Building New Castle, PA 16101 $1,675,000 ($122/SF) 10.03% Cap Rate

Investment Highlights

  • Sellers will sign a long term NNN lease AT $14,000.00 a month with new buyer
  • Appraisal report is available upon request

Executive Summary

Unbelievable opportunity to purchase this thriving eye surgery medical facility. Property consists of 2 2-story buildings on 3 lots with surgery center on two and office/exam building on the other lot. Buildings consist of general office area, private offices, exam rooms, surgical operating rooms, recovery room and restrooms. Lower level of office can be leased out for additional income. Both buildings have elevators. Paved parking lot for 20 cars. Major renovations were done in 2009

Attachments

Commercial Property Info Sheet Signed 20230710
1 Building Improvements

Property Facts

Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
13,704 SF
Building Class
C
Year Built/Renovated
1966/2009
Price
$1,675,000
Price Per SF
$122
Cap Rate
10.03%
NOI
$168,000
Percent Leased
100%
Building Height
2 Stories
Typical Floor Size
6,852 SF
Building FAR
0.53
Lot Size
0.59 AC
Zoning
C-1

Amenities

  • Reception
  • Central Heating
  • Direct Elevator Exposure
  • Air Conditioning

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
01-032200
Land Assessment
$32,400
Improvements Assessment
$9,200
Total Assessment
$41,600
  • Listing ID: 29307422

  • Date on Market: 8/18/2023

  • Last Updated:

  • Address: 508-512 N Jefferson st, New Castle, PA 16101

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