Medical Office Building with Suite
640 E Oregon Rd, Lititz, PA 17543
For Sale
$2,100,000
Medical office space offers flexible demising, dedicated entrances, substantial parking, and power suitable for imaging equipment.
Property Size7,501 SF
Price / SF$279.96
Days on Market96
Property Features for 640 E Oregon Rd
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Additional Details
Road Access
Amenities
heavy power
separate entrances
Listing Agency:
Bennett Williams Commercial Lancaster
Listed By:
Jeff Herr · License #RS191756L
(717) 723-6182
Source:
Bennettwilliams
Added: Aug 4
Changed: Nov 4
Last Checked: Nov 6 at 5:03AM
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 Commercial Lancaster
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Investment Insights
Based on property information with market context.
This medical office property provides 7,501 square feet that can be configured as three separate suites measuring 3,120 square feet, 2,800 square feet, and 1,581 square feet. Each suite is planned with its own entrance, supporting flexible occupancy within the building. Heavy power is available for imaging and other medical equipment, and approximately 45 parking spaces are provided on site.
The property is located at 640 E Oregon Rd in Lititz, Pennsylvania, with access to Routes 501, 272, and 222. Route 30 is approximately 10 minutes away via Route 222. Built in 1978, the building is offered for sale or lease.
The property is located at 640 E Oregon Rd in Lititz, Pennsylvania, with access to Routes 501, 272, and 222. Route 30 is approximately 10 minutes away via Route 222. Built in 1978, the building is offered for sale or lease.
Key Highlights
- 7,501‑square‑foot medical office property
- Can be divided into suites of 3,120 SF, 2,800 SF, and 1,581 SF
- Separate entrances available for each suite
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$124,186
Cap Rate
5.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,483,720
$2.5M
Cap Rate 7%
$1,774,086
$1.8M
Cap Rate 9%
$1,379,844
$1.4M
Market Conditions
NOI Build-Up for 7,501 SF
Gross rent
$192.6K $25.68/SF
− Vacancy
−$27.0K −$3.61/SF
EGI
$165.6K $22.07/SF
− OpEx
−$41.4K −$5.52/SF
NOI
$124.2K $16.56/SF
Area
Lancaster County, PA
Vacancy
14.04%
Lease Rate
$25.68 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,483,720
Cap Rate 7%
$1,774,086
Cap Rate 9%
$1,379,844
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 authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
89
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 17543, PA
45,320
Population
18,762
Households
2.4
Avg Household Size
45
Median Age
40%
College-Educated
93%
High-School Grad
66.0 sq mi
ZIP Area
687
Density / Sq Mi
$94,609
Median Household Income
$53,146
Median Earnings
$1,347
Median Rent
$321,900
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical office space offers flexible demising, dedicated entrances, substantial parking, and power suitable for imaging equipment.
Where is this medical office space located?
The property is located at 640 E Oregon Rd 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‑square‑foot medical office property; Can be divided into suites of 3,120 SF, 2,800 SF, and 1,581 SF; Separate entrances available for each suite
