Medical Office Building For
640 E OREGON ROAD, Lititz, PA 17543
Medical office building with suites available for sale or lease.
Type:Commercial/Industrial
Property size:
7,501 SFPrice / SF:
$279/SF- Added:
- Apr 10, 2025
- Days on Market:
- 416
- Last Refresh:
- May 28 at 1:04 pm
Property Features for 640 E OREGON ROAD
General Information
- Standard status
- Active
- Size
- 7,501 SF
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1978
Listing agent Jeffrey Herr License #RS339386 (717) 471-4153
Listing office Bennett Williams Realty, Inc. (717) 471-4153
Listing date Apr 10, 2025
Source Exitrealty
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 Bennett Williams Realty, Inc.
HighLights
- 7,501 sf medical office space for sale or lease in Manheim Township.
- Divisible into three suites with separate entrances (3,120 sf, 2,800 sf, and 1,581 sf).
- Easy access to Routes 501, 272, and 222.
- Approximately 45 parking spaces on site.
- Heavy power available for imaging and other medical equipment.
- 10 minutes from Route 30 via Route 222.
Overview
This property features a 7,501 square foot medical office building located in Manheim Township. The building can be divided into three suites of 3,120, 2,800, and 1,581 square feet, each with separate entrances. Approximately 45 parking spaces are available on site. The property offers convenient access to Routes 501, 272, and 222, and is located 10 minutes from Route 30 via Route 222. Heavy power is available, suitable for imaging and other medical equipment. The property is available for sale or lease.
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 | $192.6k | $25.68 |
| − Vacancy | −$27.0k | −$3.61 |
| EGI | $165.6k | $22.07 |
| − OpEx | −$41.4k | −$5.52 |
| NOI | $124.2k | $16.56 |
7,501 SF · lease $25.68/SF/yr · vacancy 14.04% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.77M
$1.55M – $2.07M
NOI $124,186 @ 7.0% cap · market cap 5.91%
Second Best
Healthcare Medical
$1.56M
$1.37M – $1.82M
NOI $109,461 @ 7.0% cap · market cap 5.21%
Theoretical Best
Office A
$2.51M
$2.20M – $2.93M
NOI $175,954 @ 7.0% cap · market cap 8.38%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Medical Office Space
Location Insight
- Map
- Local Demand
- City
- Lititz
- County
- Lancaster
- State
- Pennsylvania
- Longitude
- -76.28575
- Latitude
- 40.111385
Nearby Similar for Sale
FAQs
What type of property is this?
Medical Office Space - Medical office building with suites available for sale or lease.
Where is this medical office space located?
The property is located at 640 E OREGON ROAD Lititz, PA.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: 7,501 sf medical office space for sale or lease in Manheim Township.; Divisible into three suites with separate entrances (3,120 sf, 2,800 sf, and 1,581 sf).; Easy access to Routes 501, 272, and 222.
