Frackville Medical/Office Space
491 South Lehigh Avenue Frackville, PA 17931
491 South Lehigh Avenue, Frackville, PA, 17931
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For Sale
Contact for pricing
8,700 SF medical/office space in Frackville, Pennsylvania.
Property Size8,700 SF
Price / SF$283.22
Days on Market86
Property Features for 491 South Lehigh Avenue
General Information
- Standard status
- Active
- Size
- 8,700 SF
- Property subtype
- OFFICE
Listing agency
Matthews Real Estate Investments Services | New York
(818) 522-4497
Listed by
Michael Moreno · License #180759(OK)
(818) 522-4497
Source
Moodyscre
Added: Apr 28 Updated: Jul 10 at 1:31PM Checked: Jul 21 at 2:59AM
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 Matthews Real Estate Investments Services | New York
Investment Insights
Based on property information with market context.
This property offers 8,700 square feet of space suitable for medical or office use. Located in Frackville, Pennsylvania, the property is part of a major regional academic health system. On August 1st, 2024, Lehigh Valley Health Network merged with Jefferson Health, creating a system with 32 hospitals, over 700 care sites, and approximately 62,000 employees.
Key Highlights
- Premier Health System Operator: Lehigh Valley Health Network merged with Jefferson Health in August 2024.
- Major Regional Academic Health System: Serving Pennsylvania and New Jersey.
- Extensive Network: Features 32 hospitals and over 700 care sites.
Local Financial Insights For Healthcare Medical
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 | $156.6k | $18.00 |
| − Vacancy | −$15.7k | −$1.80 |
| EGI | $140.9k | $16.20 |
| − OpEx | −$56.4k | −$6.48 |
| NOI | $84.6k | $9.72 |
8,700 SF · lease $18.00/SF/yr · vacancy 10.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$1.21M
$1.06M – $1.41M
NOI $84,564 @ 7.0% cap · market cap 3.43%
Second Best
Office B
$1.01M
$883.8K – $1.18M
NOI $70,705 @ 7.0% cap · market cap 2.87%
Theoretical Best
Office A
$1.30M
$1.14M – $1.52M
NOI $91,350 @ 7.0% cap · market cap 3.71%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Medical Office Space
FAQs
What type of property is this?
Medical Office Space - 8,700 SF medical/office space in Frackville, Pennsylvania.
Where is this medical office space located?
The property is located at 491 South Lehigh Avenue Frackville, PA.
What is the asking price?
The asking price for this property is $2,464,050.
What are key features of this property?
This property features: Premier Health System Operator: Lehigh Valley Health Network merged with Jefferson Health in August 2024.; Major Regional Academic Health System: Serving Pennsylvania and New Jersey.; Extensive Network: Features 32 hospitals and over 700 care sites.
