Office Building with Flexible
For Sale
$224,900
350 N PINE STREET, Summit Hill, PA 18250
Flexible floor plan supports professional office use and potential live-work conversion.
Property Size2,884 SF
Price / SF$77.98
Days on Market49
Property Features for 350 N PINE STREET
General Information
Standard status
Active
Size
2,884 SF
Total Parking Spaces
10
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Asking Price
$224,900
Building Details
Year Built
1980
Buildings
1
Listing Agency:
Priority One Real Estate Team, LLC
Listed By:
Lisa A. Lapos · License #RM423442
(570) 645-0348
Source:
Cummingsrealtors
Added: Sep 11
Changed: Oct 28
Last Checked: Oct 28 at 7:58AM
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 Priority One Real Estate Team, LLC
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Investment Insights
Based on property information with market context.
This 2,884-square-foot office building, constructed in 1980, provides a flexible setting for professional operations. The interior can be configured for 2–3 office suites and includes rough plumbing for a future kitchen, creating a documented pathway for residential conversion or a live-work arrangement.
The property is located at 350 N Pine Street along State Route 902 in Summit Hill, Pennsylvania. Parking includes a garage accommodating up to 4 vehicles, 6 additional off-street spaces, and nearby on-street parking. The combination of adaptable interior space, dedicated parking, and frontage along the route supports a range of office-oriented configurations.
The property is located at 350 N Pine Street along State Route 902 in Summit Hill, Pennsylvania. Parking includes a garage accommodating up to 4 vehicles, 6 additional off-street spaces, and nearby on-street parking. The combination of adaptable interior space, dedicated parking, and frontage along the route supports a range of office-oriented configurations.
Key Highlights
- 2,884‑square‑foot office building constructed in 1980
- Interior layout can be divided into 2–3 office suites
- Rough plumbing is in place for a future kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,657
Cap Rate
6.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$313,140
$313.1K
Cap Rate 7%
$223,671
$223.7K
Cap Rate 9%
$173,967
$174.0K
Market Conditions
NOI Build-Up for 2,884 SF
Gross rent
$22.5K $7.80/SF
− Vacancy
−$1.6K −$0.56/SF
EGI
$20.9K $7.24/SF
− OpEx
−$5.2K −$1.81/SF
NOI
$15.7K $5.43/SF
Area
Carbon County, PA
Vacancy
7.20%
Lease Rate
$7.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$313,140
Cap Rate 7%
$223,671
Cap Rate 9%
$173,967
Alternative Uses
Best Use
Mixed Use
$402.3K
$352.0K – $469.4K
NOI $28,162 @ 7.0% cap · market cap 12.52%
Second Best
Office B
$223.7K
$195.7K – $261.0K
NOI $15,657 @ 7.0% cap · market cap 6.96%
Theoretical Best
Specialty Retail
$566.6K
$495.8K – $661.0K
NOI $39,661 @ 7.0% cap · market cap 17.63%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
148
Businesses Nearby
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Business Placement
Demographics for 18250, PA
3,046
Population
1,312
Households
2.3
Avg Household Size
43
Median Age
8%
College-Educated
94%
High-School Grad
10.5 sq mi
ZIP Area
290
Density / Sq Mi
$66,685
Median Household Income
$38,981
Median Earnings
$1,172
Median Rent
$99,100
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - Flexible floor plan supports professional office use and potential live-work conversion.
Where is this office building located?
The property is located at 350 N PINE STREET Summit Hill, PA.
What is the asking price?
The asking price for this property is $224,900.
What are key features of this property?
This property features: 2,884‑square‑foot office building constructed in 1980; Interior layout can be divided into 2–3 office suites; Rough plumbing is in place for a future kitchen
