Leased Medical Office Investment
For Sale
$495,000
206 SCHUYLKILL MEDICAL PLAZA SUITE 206, Pottsville, PA 17901
Fully leased medical office space with long-term tenant.
Property Size5,700 SF
Price / SF$86.84
Days on Market1942
Property Features for 206 SCHUYLKILL MEDICAL PLAZA SUITE 206
General Information
Standard status
Active
Size
5,700 SF
Property subtype
Commercial/Industrial
Building Details
Year Built
2002
Listing Agency:
BHHS Homesale Realty - Schuylkill Haven
(570) 617-1362
Listed By:
Eric R Seitzinger · License #RS276999
(570) 617-1362
Source:
Exitrealty
Added: Apr 8, 2021
Changed: Jul 6
Last Checked: Jul 31 at 7:01AM
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 BHHS Homesale Realty - Schuylkill Haven
Investment Insights
Based on property information with market context.
This investment property features a fully leased office space within a professional medical building. The approximately 5,700 square foot suite is under lease with a new five-year term that began June 1, 2022, and includes annual 2% increases. A full-time management company oversees the property and tenant space. The suite features abundant windows offering pleasant views. The approximate blended five-year monthly average rental rate is $6,600.00, which includes CAM, interior cleaning, condo fees, and utilities. The tenant is responsible for phone, cable, internet, tenant insurance naming the landlord as an additional insured, and minor maintenance such as changing light bulbs. The rental rate incorporates 12.99% of the Condo Association Fees, utilities, and real estate taxes. The building owner is responsible for the payment of condo fees (currently $2,100.00) and real estate taxes (currently $8,349.00), resulting in an approximate $33,549.00 offset against the blended rental rate of $79,200.00, yielding an approximate $45,651.00 without any holdback for capital expenses, giving you over a 7.5% cap rate. The suite includes 11 exam rooms/private offices, one staff area, four H/P restrooms, a reception area, and a waiting area.
Key Highlights
- Fully leased office space with a new 5‑year lease providing immediate income.
- Attractive 7.5% cap rate, indicating a strong return on investment.
- Professional management company handles property and tenant affairs.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,095
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 17901, PA
22,608
Population
11,067
Households
2
Avg Household Size
46
Median Age
23%
College-Educated
92%
High-School Grad
79.4 sq mi
ZIP Area
285
Density / Sq Mi
$61,632
Median Household Income
$40,942
Median Earnings
$819
Median Rent
$130,600
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Fully leased medical office space with long-term tenant.
Where is this medical office space located?
The property is located at 206 SCHUYLKILL MEDICAL PLAZA SUITE 206 Pottsville, PA.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Fully leased office space with a new 5‑year lease providing immediate income.; Attractive 7.5% cap rate, indicating a strong return on investment.; Professional management company handles property and tenant affairs.
