Office Building For
502 South 2nd Street Saint Clair, PA 17970
502 South 2nd Street, Saint Clair, PA, 17970
Contact for pricing
For Sale
Contact for pricing
Office building for sale, 11200 square feet.
Property Size11,200 SF
Price / SF$164
Days on Market85
Property Features for 502 South 2nd Street
General Information
- Standard status
- Active
- Size
- 11,200 SF
- Property subtype
- OFFICE
Listing Agency
Matthews Real Estate Investments Services | New York
(818) 522-4497
Listed by
Michael Moreno · License #PB00084217(AR)
(818) 522-4497
Source
Moodyscre
Added: Apr 28 Updated: Jul 10 at 1:30 pm Checked: Jul 20 at 3:58 am
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.
The property is an office building with a size of 11200 square feet. On August 1st, 2024, Lehigh Valley Health Network completed its merger with Jefferson Health, forming a major regional academic health system serving Pennsylvania and New Jersey, creating a system with 32 hospitals, over 700 care sites, and approximately 62,000 employees.
Key Highlights
- Merger with Jefferson Health creates a major regional academic health system.
- Lehigh Valley Health Network is a high‑caliber operator.
- The health system serves Pennsylvania and New Jersey.
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 | $252.7k | $22.56 |
| − Vacancy | −$61.9k | −$5.53 |
| EGI | $190.8k | $17.03 |
| − OpEx | −$47.7k | −$4.26 |
| NOI | $143.1k | $12.77 |
11,200 SF · lease $22.56/SF/yr · vacancy 24.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.04M
$1.79M – $2.38M
NOI $143,076 @ 7.0% cap · market cap 7.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.57M
$3.12M – $4.16M
NOI $249,687 @ 7.0% cap · market cap 13.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Office building - Office building for sale, 11200 square feet.
Where is this office building located?
The property is located at 502 South 2nd Street Saint Clair, PA.
What is the asking price?
The asking price for this property is $1,836,800.
What are key features of this property?
This property features: Merger with Jefferson Health creates a major regional academic health system.; Lehigh Valley Health Network is a high‑caliber operator.; The health system serves Pennsylvania and New Jersey.
