Medical Office Building with Exam
401 N State St Clarks Summit, PA 18411
401 N State St, Clarks Summit, PA, 18411
$1,200,000
For Sale
$1,200,000
Medical office building for sale with multiple exam rooms, private offices, and on-site parking for 27+ vehicles.
Property Size4,690 SF
Price / SF$255.86
Days on Market318
Property Features for 401 N State St
General Information
- Standard status
- Active
- Size
- 4,690 SF
Listing Agency
ERA One Source Realty
(570) 877-2778
Listed by
Manju Verma · License #RS375147
(570) 877-2778
Source
Exprealty
Added: Sep 4, 2025 Checked: Jul 16 at 9:06 pm
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 ERA One Source Realty
Investment Insights
Based on property information with market context.
This medical office building offers a flexible layout designed for healthcare use, with a main level that includes a large waiting room, two dedicated reception areas, five private offices, and seven exam rooms. The space also features specialized areas including an Echo room and a Nuclear Stress room, along with conference and bonus rooms, a pantry, and utility/storage support space. For convenience, the main level includes three bathrooms and a wide hallway to support patient and staff traffic flow.
The property includes a large attic with the ability to build another floor, with a portion described as partially finished. A second level provides split-level space, including an area that functions as workspace with three-plus rooms and a kitchen, plus an additional area with 2 bedrooms and 2 bathrooms.
Parking is available in a dedicated lot with 27+ spaces. The offering is for sale and includes 4,690 sq. ft., plus a large addition creating additional multi-purpose functionality.
The property includes a large attic with the ability to build another floor, with a portion described as partially finished. A second level provides split-level space, including an area that functions as workspace with three-plus rooms and a kitchen, plus an additional area with 2 bedrooms and 2 bathrooms.
Parking is available in a dedicated lot with 27+ spaces. The offering is for sale and includes 4,690 sq. ft., plus a large addition creating additional multi-purpose functionality.
Key Highlights
- Medical office building with 4,690 sq. ft. plus a large addition for flexible multi‑use space
- Main level includes 2 reception areas, large waiting room, 5 private offices, and 7 exam rooms
- Specialized care space includes an Echo room and a Nuclear Stress room
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 | $94.0k | $20.04 |
| − Vacancy | −$13.6k | −$2.91 |
| EGI | $80.4k | $17.13 |
| − OpEx | −$20.1k | −$4.28 |
| NOI | $60.3k | $12.85 |
4,690 SF · lease $20.04/SF/yr · vacancy 14.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$861.0K
$753.4K – $1.00M
NOI $60,270 @ 7.0% cap · market cap 5.02%
Second Best
Healthcare Medical
$790.1K
$691.3K – $921.8K
NOI $55,307 @ 7.0% cap · market cap 4.61%
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,329 @ 7.0% cap · market cap 6.94%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar For Sale Nearby
Similar Off Market Nearby
- Glenburn Veterinarians, P.C. — 12 Glenn Ave, Clarks Summit, PA 18411
- Dr. H. L. Nelson, Jr., V.M.D. — 12 Glenn Ave, Clarks Summit, PA 18411
FAQs
What type of property is this?
Medical Office Space - Medical office building for sale with multiple exam rooms, private offices, and on-site parking for 27+ vehicles.
Where is this medical office space located?
The property is located at 401 N State St Clarks Summit, PA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Medical office building with 4,690 sq. ft. plus a large addition for flexible multi‑use space; Main level includes 2 reception areas, large waiting room, 5 private offices, and 7 exam rooms; Specialized care space includes an Echo room and a Nuclear Stress room
