Hazleton Medical/Office Space
For Sale
Contact for pricing
141-149 N Vine St, Hazleton, PA 18201
Medical/office space available in Hazleton, Pennsylvania.
Property Size11,000 SF
Price / SF$406.37
Days on Market169
Property Features for 141-149 N Vine St
General Information
Standard status
Active
Size
11,000 SF
Property subtype
OFFICE
Listing Agency:
Matthews Real Estate Investments Services | New York
(866) 889-0550
Listed By:
Rahul Chhajed · License #01986299(CA)
(949) 432-4513
Source:
Moodyscre
Added: Apr 28
Changed: Oct 4
Last Checked: Oct 12 at 10:44PM
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 Matthews Real Estate Investments Services | New York
Investment Insights
Based on property information with market context.
This commercial property in Hazleton, Pennsylvania, offers 11,000 square feet of space suitable for medical or office use. On August 1st, 2024, Lehigh Valley Health Network merged with Jefferson Health, creating a regional academic health system with 32 hospitals and over 700 care sites serving Pennsylvania and New Jersey. The health system employs approximately 62,000 people.
Key Highlights
- Premier Health System Operator: Lehigh Valley Health Network merged with Jefferson Health.
- Major Regional Academic Health System serving Pennsylvania and New Jersey.
- Extensive Network: Includes 32 hospitals.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$194,060
Cap Rate
4.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,881,200
$3.9M
Cap Rate 7%
$2,772,286
$2.8M
Cap Rate 9%
$2,156,222
$2.2M
Market Conditions
NOI Build-Up for 11,000 SF
Gross rent
$319.4K $29.04/SF
− Vacancy
−$60.7K −$5.52/SF
EGI
$258.7K $23.52/SF
− OpEx
−$64.7K −$5.88/SF
NOI
$194.1K $17.64/SF
Area
Luzerne County, PA
Vacancy
19.00%
Lease Rate
$29.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,881,200
Cap Rate 7%
$2,772,286
Cap Rate 9%
$2,156,222
Alternative Uses
Best Use
Office B
$2.77M
$2.43M – $3.23M
NOI $194,060 @ 7.0% cap · market cap 4.34%
Second Best
Healthcare Medical
$1.86M
$1.63M – $2.17M
NOI $130,442 @ 7.0% cap · market cap 2.92%
Theoretical Best
Office A
$3.48M
$3.05M – $4.07M
NOI $243,936 @ 7.0% cap · market cap 5.46%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
1,449
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 18201, PA
31,310
Population
13,318
Households
2.4
Avg Household Size
37
Median Age
11%
College-Educated
76%
High-School Grad
17.5 sq mi
ZIP Area
1,789
Density / Sq Mi
$43,983
Median Household Income
$30,463
Median Earnings
$1,019
Median Rent
$131,900
Median Home Value
Check the figures for this property
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 - Medical/office space available in Hazleton, Pennsylvania.
Where is this medical office space located?
The property is located at 141-149 N Vine St Hazleton, PA.
What is the asking price?
The asking price for this property is $4,470,016.
What are key features of this property?
This property features: Premier Health System Operator: Lehigh Valley Health Network merged with Jefferson Health.; Major Regional Academic Health System serving Pennsylvania and New Jersey.; Extensive Network: Includes 32 hospitals.
