2323 Sunset Blvd, Steubenville, OH

Listing agent Kyle Mackulak Show Phone

Listing office Matthews Real Estate Investment Services Show Phone

Listing date Jul 13, 2023

Source Moodyscre

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Overview

This property presents a passive NNN investment opportunity, allowing the landlord to benefit from a hands-off arrangement where the tenant manages all taxes, insurance, and maintenance/repairs. With over 5 years remaining on the base term, investors can receive an average cap rate of 8.15%. The Valley Surgery Center is situated in a healthcare hub, strategically located near several medical properties, including the Steubenville Osteopathic Center, the Trinity Medical Center West, and the Wesley Family Health Center. This location fosters a synergistic network where patients can be easily referred between practices. The property is Medicare-certified, expanding its potential client base and payer mix, as Medicare requires certification for healthcare providers to receive payments for services. The trend towards developing outpatient surgical centers is increasing due to their cost-effectiveness and convenience for patients. The number of outpatient procedures is estimated to increase 15% by 2028.

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

Zoning and permitted uses should be independently verified with local authorities.

Similar Places Nearby

• Dr. Mark Reed MD — 4237 Sunset Blvd, Steubenville, OH 43952
• Westwood Veterinary Clinic — 4195 Sunset Blvd, Steubenville, OH 43953

Location Insight

• Map
• Local Demand

City

Steubenville

County

Jefferson

State

Ohio

Longitude

-80.6451

Latitude

40.3708

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FAQs

What type of property is this?

Medical Office Space - NNN investment opportunity in a strategically located medical hub.

Where is this medical office space located?

The property is located at 2323 Sunset Blvd Steubenville, OH.

What is the asking price?

The asking price for this property is $6,228,671.

What are key features of this property?

This property features: Passive NNN investment: Tenant handles all taxes, insurance, and maintenance/repairs.; Advantageous return: Average cap rate of 8.15% over the remaining 5+ years.; Medicare‑certified: Access to a broader client base and payer mix.