Multi-Suite Medical Office
For Sale
$1,500,000
2445 Marietta Ave, Lancaster, PA 17601
Two suites combine a dedicated medical layout with flexible professional office space.
Property Size5,000 SF
Lot Size2.80 Acres
Price / SF$300
Days on Market45
Property Features for 2445 Marietta Ave
General Information
Standard status
Active
Size
5,000 SF
Class
B
Lot size
2.80 Acres
Property subtype
Office
Additional Details
Office Units
2
Building Details
Building Size
5,000 SF
Year Built
1985
Buildings
1
Tenancy
Multi
Listing Agency:
NAI CIR
Listed By:
Amber Corbo
(717) 395-1804
Source:
Circommercial
Added: Aug 23
Changed: Sep 4
Last Checked: Oct 5 at 5:17PM
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 NAI CIR
Investment Insights
Based on property information with market context.
This medical office property includes two separate suites totaling 5,000 SF. The 3,500 SF upper suite is arranged for clinical operations, with nine exam rooms, three private physician or professional offices, reception and waiting areas, a nurse station, and additional clinical and administrative space. The 1,500 SF lower-level suite includes four private offices, reception, a kitchen and break area, plus dedicated storage.
The building sits on 2.8 acres and includes a neighboring 1-acre parcel in the purchase. On-site parking supports both suites, while visibility from Route 30 provides prominent exposure. Built in 1985, the property offers an established medical configuration alongside adaptable office space for professional occupancy.
The building sits on 2.8 acres and includes a neighboring 1-acre parcel in the purchase. On-site parking supports both suites, while visibility from Route 30 provides prominent exposure. Built in 1985, the property offers an established medical configuration alongside adaptable office space for professional occupancy.
Key Highlights
- Two‑suite medical and professional office property totaling 5,000 SF
- Suite 1 measures 3,500 SF and includes nine exam rooms
- Suite 2 measures 1,500 SF with four private offices and storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$82,779
Cap Rate
5.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,655,580
$1.7M
Cap Rate 7%
$1,182,557
$1.2M
Cap Rate 9%
$919,767
$919.8K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$128.4K $25.68/SF
− Vacancy
−$18.0K −$3.61/SF
EGI
$110.4K $22.07/SF
− OpEx
−$27.6K −$5.52/SF
NOI
$82.8K $16.56/SF
Area
Lancaster County, PA
Vacancy
14.04%
Lease Rate
$25.68 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,655,580
Cap Rate 7%
$1,182,557
Cap Rate 9%
$919,767
Alternative Uses
Best Use
Office B
$1.18M
$1.03M – $1.38M
NOI $82,779 @ 7.0% cap · market cap 5.52%
Second Best
Healthcare Medical
$1.04M
$912.1K – $1.22M
NOI $72,964 @ 7.0% cap · market cap 4.86%
Theoretical Best
Office A
$1.68M
$1.47M – $1.95M
NOI $117,287 @ 7.0% cap · market cap 7.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
688
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 17601, PA
55,710
Population
23,126
Households
2.4
Avg Household Size
43
Median Age
48%
College-Educated
94%
High-School Grad
33.5 sq mi
ZIP Area
1,663
Density / Sq Mi
$96,433
Median Household Income
$50,358
Median Earnings
$1,477
Median Rent
$324,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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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 suites combine a dedicated medical layout with flexible professional office space.
Where is this medical office space located?
The property is located at 2445 Marietta Ave Lancaster, PA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Two‑suite medical and professional office property totaling 5,000 SF; Suite 1 measures 3,500 SF and includes nine exam rooms; Suite 2 measures 1,500 SF with four private offices and storage
