Single-Story Medical Office
280 North Ave Washington, PA 15301
280 North Ave, Washington, PA, 15301
$1,374,000
For Sale
$1,374,000
Vacant 7,850 SF single-story medical office available as fee simple in Washington, PA.
Property Size7,850 SF
Price / SF$175.03
Days on Market27
Property Features for 280 North Ave
General Information
- Standard status
- Active
- Size
- 7,850 SF
- Property subtype
- Office
Listing agency
(814) 532-6186
Listed by
Perry Russ · License #PA #RM425579
Source
Zamias
Added: Jun 25 Updated: Jul 20 at 5:38PM Checked: Jul 21 at 4:36AM
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
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
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $177.1k | $22.56 |
| − Vacancy | −$43.4k | −$5.53 |
| EGI | $133.7k | $17.03 |
| − OpEx | −$33.4k | −$4.26 |
| NOI | $100.3k | $12.77 |
7,850 SF · lease $22.56/SF/yr · vacancy 24.50% · expense 25.00%
Alternative Uses
Best Use
Healthcare Medical
$1.99M
$1.74M – $2.32M
NOI $139,421 @ 7.0% cap · market cap 10.15%
Second Best
Office B
$1.43M
$1.25M – $1.67M
NOI $100,281 @ 7.0% cap · market cap 7.30%
Theoretical Best
Specialty Retail
$2.42M
$2.12M – $2.82M
NOI $169,319 @ 7.0% cap · market cap 12.32%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Kidney Care Center
Physician
Dr. Jessie Ganjoo, ...
Physician
Dr. Amit K. ...
Physician
Sharon Swinney
Pediatrician
Similar For Sale Nearby
Similar Off Market Nearby
- Banfield Pet Hospital — 327 Washington Rd, Washington, PA 15301
- Moore Veterinary Services — washington, pa 15301
FAQs
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 $1,374,000.
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
