Medical Office Building with Two
For Sale
$389,900
1212 Turnpike Ave, Clearfield, PA 16830
Two independent suites provide separate reception areas and flexible professional office layouts.
Property Size2,800 SF
Lot Size2.28 Acres
Price / SF$139.25
Days on Market70
Property Features for 1212 Turnpike Ave
General Information
Standard status
Active
Size
2,800 SF
Lot size
2.28 Acres
Additional Details
Furnished
No
Office Units
2
Taxes and HOA fees
Annual Taxes
$2,650
Building Details
Buildings
1
Building Size
2,800 SF
Construction
brick
Listing Agency:
Keller Williams Advantage Realty
(814) 272-3333
Listed By:
Andrew Starr · License #RS355845
(814) 761-0732
Source:
Exprealty
Added: Aug 5
Changed: Sep 13
Last Checked: Oct 12 at 11:39PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Advantage Realty
Investment Insights
Based on property information with market context.
Located at 1212 Turnpike Ave in Clearfield, this medical office property includes approximately 2,800 square feet of space on a 2.28-acre site spanning two parcels. The building is arranged as two independent suites, each with a reception area and front desk, along with exam and consultation rooms, private offices, administrative areas, flexible rooms, and two bathrooms. A brick exterior, ADA-accessible concrete ramp, and newly installed rubber roof are among the property improvements.
The paved parking lot is supplemented by additional rear parking and secondary access. The property sits within an established commercial corridor and is currently configured for medical office use. Medical furniture and equipment are excluded from the sale, although separate negotiation may be available.
The paved parking lot is supplemented by additional rear parking and secondary access. The property sits within an established commercial corridor and is currently configured for medical office use. Medical furniture and equipment are excluded from the sale, although separate negotiation may be available.
Key Highlights
- Approximately 2, 800 square feet of medical office space
- 2.28‑acre site across two parcels
- Two independent office suites with separate reception areas and front desks
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,019
Cap Rate
8.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$660,380
$660.4K
Cap Rate 7%
$471,700
$471.7K
Cap Rate 9%
$366,878
$366.9K
Market Conditions
NOI Build-Up for 2,800 SF
Gross rent
$61.5K $21.96/SF
− Vacancy
−$6.5K −$2.31/SF
EGI
$55.0K $19.65/SF
− OpEx
−$22.0K −$7.86/SF
NOI
$33.0K $11.79/SF
Area
Clearfield County, PA
Vacancy
10.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$660,380
Cap Rate 7%
$471,700
Cap Rate 9%
$366,878
Alternative Uses
Best Use
Healthcare Medical
$471.7K
$412.7K – $550.3K
NOI $33,019 @ 7.0% cap · market cap 8.47%
Second Best
Office B
$421.2K
$368.6K – $491.4K
NOI $29,484 @ 7.0% cap · market cap 7.56%
Theoretical Best
Office A
$617.5K
$540.3K – $720.4K
NOI $43,223 @ 7.0% cap · market cap 11.09%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Office units
Location Intelligence
Trade Area within ½ mile
277
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 16830, PA
13,121
Population
6,841
Households
1.9
Avg Household Size
46
Median Age
19%
College-Educated
91%
High-School Grad
132.0 sq mi
ZIP Area
99
Density / Sq Mi
$56,822
Median Household Income
$36,601
Median Earnings
$745
Median Rent
$119,900
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Two independent suites provide separate reception areas and flexible professional office layouts.
Where is this medical office space located?
The property is located at 1212 Turnpike Ave Clearfield, PA.
What is the asking price?
The asking price for this property is $389,900.
What are key features of this property?
This property features: Approximately 2, 800 square feet of medical office space; 2.28‑acre site across two parcels; Two independent office suites with separate reception areas and front desks
