91 PROGRESS Avenue, Pottsville, PA 17901
Commercial Sale - POTTSVILLE, PA
- Added:
- Sep 16, 2021
- Days on Market:
- 1732
- Last Refresh:
- Jun 13 at 5:06 am
Property Features for 91 PROGRESS Avenue
General Information
- Property type
- Other
- Property subtype
- Office
- Parking features
- On Street
- Standard status
- Active
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Annual Amount
- 16755
Utilities
- Heating system
- Heat Pump (Heating)
- Cooling system
- Central Air
Building Details
- Year built
- 1950
- Building materials
- Brick, Concrete
Listing agent Eric R Seitzinger License #RS276999 (570) 617-1362
Listing office BHHS Homesale Realty - Schuylkill Haven 384 Center Avenue, Lancaster, PA (570) 385-3456
Listing date Sep 16, 2021
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- 100% Leased Office/Medical Building in Downtown Pottsville
- Approximately 7% CAP Rate
- Two Tenants with Gross Leases and Annual 2% Rent Increases
- Recent Interior Renovations
- Located One Block from Mahantongo Street Parking Deck
- Main Floor Tenant Lease Started 12‑1‑2023, Ground Floor Tenant Lease Started 7‑1‑2023, Both with Options
Overview
Located at 91 Progress Avenue in Pottsville, the property is about one block from the Mahantongo Street parking deck, supporting convenient downtown parking access. Lease terms include a five-year initial term for the main-floor tenant that started 12-1-2023, and a separate five-year initial term for the ground-level tenant that started July 1, 2023.
For buyers and investors, the building offers a stabilized, fully leased setup with two distinct tenants covering both the main and ground levels. For tenants, the configuration provides substantial contiguous space at grade while also accommodating additional private office or treatment-oriented usage in the upper three-room bonus area, all within a renovated medical/office-ready environment.
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 | $79.2k | $18.00 |
| − Vacancy | −$7.9k | −$1.80 |
| EGI | $71.3k | $16.20 |
| − OpEx | −$28.5k | −$6.48 |
| NOI | $42.8k | $9.72 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Mengle, Lora DVM — 1170 PA-61, Pottsville, PA 17901
Location Insight
- Map
- Local Demand
- City
- Pottsville
- County
- Schuylkill
- State
- Pennsylvania
- Longitude
- -76.19376362
- Latitude
- 40.68488791
