Leased Medical Office
For Sale
$1,300,000
200 S River St, Plains, PA 18705
Fully leased medical office with long-term tenant in place.
Property Size7,759 SF
Price / SF$167.55
Days on Market489
Property Features for 200 S River St
General Information
Standard status
Active
Size
7,759 SF
Property subtype
Commercial
Listing Agency:
Classic Properties Kingston
Listed By:
Charles Kasko · License #AB069814
(570) 690-9687
Source:
Nepahousehunt
Added: Jun 25, 2025
Changed: Oct 25
Last Checked: Oct 24 at 5:07PM
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 Classic Properties Kingston
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Investment Insights
Based on property information with market context.
This fully leased medical office investment property features a single, established tenant. The lease is secured through March 2028, providing stable income and cash flow. The property benefits from an excellent, high-visibility location. Interior features include a basement, conference room, emergency lighting, handicap features, and a lunch room. The property is located in a high-traffic area.
Key Highlights
- Fully leased medical office with a single, established tenant
- Lease secured through March 2028, providing stable income
- Immediate cash flow and near‑term certainty for investors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$92,009
Cap Rate
7.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,840,180
$1.8M
Cap Rate 7%
$1,314,414
$1.3M
Cap Rate 9%
$1,022,322
$1.0M
Market Conditions
NOI Build-Up for 7,759 SF
Gross rent
$170.4K $21.96/SF
− Vacancy
−$17.0K −$2.20/SF
EGI
$153.3K $19.76/SF
− OpEx
−$61.3K −$7.91/SF
NOI
$92.0K $11.86/SF
Area
Luzerne County, PA
Vacancy
10.00%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,840,180
Cap Rate 7%
$1,314,414
Cap Rate 9%
$1,022,322
Alternative Uses
Best Use
Office B
$1.96M
$1.71M – $2.28M
NOI $136,883 @ 7.0% cap · market cap 10.53%
Second Best
Healthcare Medical
$1.31M
$1.15M – $1.53M
NOI $92,009 @ 7.0% cap · market cap 7.08%
Theoretical Best
Office A
$2.46M
$2.15M – $2.87M
NOI $172,064 @ 7.0% cap · market cap 13.24%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,966
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 18705, PA
14,832
Population
7,268
Households
2
Avg Household Size
44
Median Age
23%
College-Educated
88%
High-School Grad
5.0 sq mi
ZIP Area
2,966
Density / Sq Mi
$61,293
Median Household Income
$35,965
Median Earnings
$1,006
Median Rent
$122,800
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 - Fully leased medical office with long-term tenant in place.
Where is this medical office space located?
The property is located at 200 S River St Plains, PA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Fully leased medical office with a single, established tenant; Lease secured through March 2028, providing stable income; Immediate cash flow and near‑term certainty for investors
