Single-Story Medical Office
For Sale
$1,100,000
280 North Ave, Washington, PA 15301
Vacant 7,850 SF single-story medical office available as fee simple in Washington, PA.
Property Size7,850 SF
Price / SF$140.13
Days on Market118
Property Features for 280 North Ave
General Information
Standard status
Active
Size
7,850 SF
Class
B
Property subtype
Office
Zoning
GB-General Business
Building Details
Building Size
7,850 SF
Stories
1
Listed By:
Perry Russ · License #PA #RM425579
(814) 532-6186
Source:
Zamias
Added: Jun 25
Changed: Oct 13
Last Checked: Oct 19 at 3:51AM
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 Perry Russ
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Investment Insights
Based on property information with market context.
Zamias Services Inc and SRS National Net Lease Group are pleased to offer the opportunity to acquire the fee simple interest in a vacant, single-story medical office property totaling 7,850 SF.
The property is mainly zoned GB-General Business, which provides a wide range of commercial uses. Located at 280 North Ave in Washington, PA, the building is offered for sale and is positioned for occupancy or redevelopment within the constraints of its zoning.
The property is mainly zoned GB-General Business, which provides a wide range of commercial uses. Located at 280 North Ave in Washington, PA, the building is offered for sale and is positioned for occupancy or redevelopment within the constraints of its zoning.
Key Highlights
- Fee simple opportunity for a vacant 7,850 SF single‑story medical office in Washington, PA
- Single‑story layout with 7,850 SF total building size
- Property is mainly zoned GB (General Business), allowing a wide range of commercial uses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$100,281
Cap Rate
9.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,005,620
$2.0M
Cap Rate 7%
$1,432,586
$1.4M
Cap Rate 9%
$1,114,233
$1.1M
Market Conditions
NOI Build-Up for 7,850 SF
Gross rent
$177.1K $22.56/SF
− Vacancy
−$43.4K −$5.53/SF
EGI
$133.7K $17.03/SF
− OpEx
−$33.4K −$4.26/SF
NOI
$100.3K $12.77/SF
Area
Washington County, PA
Vacancy
24.50%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,005,620
Cap Rate 7%
$1,432,586
Cap Rate 9%
$1,114,233
Alternative Uses
Best Use
Healthcare Medical
$1.99M
$1.74M – $2.32M
NOI $139,421 @ 7.0% cap · market cap 12.67%
Second Best
Office B
$1.43M
$1.25M – $1.67M
NOI $100,281 @ 7.0% cap · market cap 9.12%
Theoretical Best
Specialty Retail
$2.42M
$2.12M – $2.82M
NOI $169,319 @ 7.0% cap · market cap 15.39%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,424
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 15301, PA
48,963
Population
24,001
Households
2
Avg Household Size
45
Median Age
27%
College-Educated
92%
High-School Grad
122.0 sq mi
ZIP Area
401
Density / Sq Mi
$69,275
Median Household Income
$43,546
Median Earnings
$927
Median Rent
$205,800
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Similar Off Market Nearby
- Moore Veterinary Services — washington, pa 15301
- Banfield Pet Hospital — 327 Washington Rd, Washington, PA 15301
Frequently Asked Questions
What type of property is this?
Medical Office Space - Vacant 7,850 SF single-story medical office available as fee simple in Washington, PA.
Where is this medical office space located?
The property is located at 280 North Ave Washington, PA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Fee simple opportunity for a vacant 7,850 SF single‑story medical office in Washington, PA; Single‑story layout with 7,850 SF total building size; Property is mainly zoned GB (General Business), allowing a wide range of commercial uses
