Established Medical Practice for
708 North Jefferson Street New Castle, PA 16101
708 North Jefferson Street, New Castle, PA, 16101
Contact for pricing
For Sale
Contact for pricing
Profitable medical practice with experienced staff and established patient base.
Property Size2,000 SF
Price / SF$175
Days on Market68
Property Features for 708 North Jefferson Street
General Information
- Standard status
- Active
- Size
- 2,000 SF
- Property subtype
- Business for Sale
Building Details
- Year Built
- 2009
Listing Agency
REAL of Pennsylvania
(412) 999-0722
Listed by
Jim Schons · License #PA AB069407
Source
Crexi
Added: May 13 Checked: Jul 19 at 4:09 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 REAL of Pennsylvania
Investment Insights
Based on property information with market context.
This established medical practice is offered for sale, priced below its independent 2021 appraised value of $430,000 at an asking price of $350,000. The practice generates revenue from day one, with collections approaching $2.04 million annually. Scheduling demand is consistently booked out approximately one month in advance, indicating patient loyalty to the practice. The current physicians are committed to remaining for 6 to 12 months post-close, ensuring continuity of referrals, patients, and clinical stability. The experienced front-desk and clinical staff will remain, eliminating recruiting, onboarding, and ramp-up costs. Insurance credentialing is already in place, avoiding months of credentialing delays. The practice is medically focused, offering lean, recurring medical revenue with higher margins and limited local competition. The building size is 2000 square feet. The practice has an established market presence with community trust and referral relationships. The property is located at 708 North Jefferson Street, New Castle, PA 16101.
Key Highlights
- Priced $80,000 Below Appraised Value (2021 FMV: $430,000), offering immediate equity.
- Revenue‑Generating from Day One: Collections approaching $2.04M annually.
- Physician Continuity: Current physicians committed to 6–12 months post‑close.
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 | $30.0k | $15.00 |
| − Vacancy | −$2.3k | −$1.13 |
| EGI | $27.8k | $13.88 |
| − OpEx | −$11.1k | −$5.55 |
| NOI | $16.7k | $8.33 |
2,000 SF · lease $15.00/SF/yr · vacancy 7.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$237.9K
$208.1K – $277.5K
NOI $16,650 @ 7.0% cap · market cap 4.76%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.43M
$2.13M – $2.83M
NOI $170,045 @ 7.0% cap · market cap 48.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Medical centers
Similar For Sale Nearby
FAQs
What type of property is this?
Medical center - Profitable medical practice with experienced staff and established patient base.
Where is this medical center located?
The property is located at 708 North Jefferson Street New Castle, PA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Priced $80,000 Below Appraised Value (2021 FMV: $430,000), offering immediate equity.; Revenue‑Generating from Day One: Collections approaching $2.04M annually.; Physician Continuity: Current physicians committed to 6–12 months post‑close.
