Brick Ranch Medical Office
For Sale
$195,000
720 TURNPIKE AVE, Clearfield, PA 16830
Well-maintained brick ranch building previously used for billing and dental office functions on two lots with ample parking.
Property Size1,016 SF
Days on Market347
Property Features for 720 TURNPIKE AVE
General Information
Standard status
Active
Size
1,016 SF
Property subtype
COMMERCIAL
Taxes and HOA fees
Annual Taxes
$2,470
Building Details
Building Size
1,016 SF
Year Built
1975
Listing Agency:
Realty One Group Landmark- Clearfield
Listed By:
Kimberly A Kovall
(814) 592-5966
Source:
Nelsonrealtypa
Added: Nov 10, 2025
Changed: Oct 13
Last Checked: Oct 21 at 3:20AM
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 Realty One Group Landmark- Clearfield
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Investment Insights
Based on property information with market context.
This solid brick ranch-style commercial building has been well maintained and was previously used as a billing and dental office. The existing layout is designed to support professional and medical workflows, offering a functional setup for continued office use.
The property sits on two lots, providing ample on-site parking. Additional space on the combined lots also allows for room for future expansion, depending on the intended use and layout planning.
Offered for sale, the building is positioned as a straightforward office property with an established medical-related interior configuration and a practical site arrangement for parking and growth.
The property sits on two lots, providing ample on-site parking. Additional space on the combined lots also allows for room for future expansion, depending on the intended use and layout planning.
Offered for sale, the building is positioned as a straightforward office property with an established medical-related interior configuration and a practical site arrangement for parking and growth.
Key Highlights
- 1975‑built solid brick ranch‑style commercial building
- Previously used as a billing and dental office with a functional layout for professional/medical uses
- Well‑maintained property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,981
Cap Rate
6.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$239,620
$239.6K
Cap Rate 7%
$171,157
$171.2K
Cap Rate 9%
$133,122
$133.1K
Market Conditions
NOI Build-Up for 1,016 SF
Gross rent
$22.3K $21.96/SF
− Vacancy
−$2.3K −$2.31/SF
EGI
$20.0K $19.65/SF
− OpEx
−$8.0K −$7.86/SF
NOI
$12.0K $11.79/SF
Area
Clearfield County, PA
Vacancy
10.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$239,620
Cap Rate 7%
$171,157
Cap Rate 9%
$133,122
Alternative Uses
Best Use
Healthcare Medical
$171.2K
$149.8K – $199.7K
NOI $11,981 @ 7.0% cap · market cap 6.14%
Second Best
Office B
$152.8K
$133.7K – $178.3K
NOI $10,698 @ 7.0% cap · market cap 5.49%
Theoretical Best
Office A
$224.1K
$196.1K – $261.4K
NOI $15,684 @ 7.0% cap · market cap 8.04%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
390
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 16830, PA
13,121
Population
6,841
Households
1.9
Avg Household Size
46
Median Age
19%
College-Educated
91%
High-School Grad
132.0 sq mi
ZIP Area
99
Density / Sq Mi
$56,822
Median Household Income
$36,601
Median Earnings
$745
Median Rent
$119,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Similar Off Market Nearby
- Susquehanna Veterinary Clinic — 214 School Ave, Clearfield, PA 16830
Frequently Asked Questions
What type of property is this?
Medical Office Space - Well-maintained brick ranch building previously used for billing and dental office functions on two lots with ample parking.
Where is this medical office space located?
The property is located at 720 TURNPIKE AVE Clearfield, PA.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: 1975‑built solid brick ranch‑style commercial building; Previously used as a billing and dental office with a functional layout for professional/medical uses; Well‑maintained property
