Established Medical Practice for
For Sale
Contact for pricing
708 North Jefferson Street, New Castle, PA 16101
Profitable medical practice with experienced staff and established patient base.
Property Size2,000 SF
Price / SF$200
Days on Market159
Property Features for 708 North Jefferson Street
General Information
Standard status
Active
Size
2,000 SF
Class
A
Property subtype
Business for Sale
Zoning
Com
Building Details
Year Built
2009
Units
1
Tenancy
Single
Listing Agency:
REAL of Pennsylvania
Listed By:
Jim Schons · License #PA AB069407
(412) 999-0722
Source:
Crexi
Added: May 13
Changed: Oct 4
Last Checked: Oct 16 at 8:32AM
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
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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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,650
Cap Rate
4.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$333,000
$333.0K
Cap Rate 7%
$237,857
$237.9K
Cap Rate 9%
$185,000
$185.0K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$30.0K $15.00/SF
− Vacancy
−$2.3K −$1.13/SF
EGI
$27.8K $13.88/SF
− OpEx
−$11.1K −$5.55/SF
NOI
$16.7K $8.33/SF
Area
Lawrence County, PA
Vacancy
7.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$333,000
Cap Rate 7%
$237,857
Cap Rate 9%
$185,000
Alternative Uses
Best Use
Healthcare Medical
$237.9K
$208.1K – $277.5K
NOI $16,650 @ 7.0% cap · market cap 4.16%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.43M
$2.13M – $2.83M
NOI $170,045 @ 7.0% cap · market cap 42.51%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
352
Businesses Nearby
Explore this area
Business Placement
Demographics for 16101, PA
31,960
Population
14,755
Households
2.2
Avg Household Size
44
Median Age
18%
College-Educated
92%
High-School Grad
69.2 sq mi
ZIP Area
462
Density / Sq Mi
$50,481
Median Household Income
$36,670
Median Earnings
$706
Median Rent
$109,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
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 $400,000.
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.
