Medical Office Condo For
250 Fame Ave Hanover, PA 17331
250 Fame Ave, Hanover, PA, 17331
Contact for pricing
For Sale
Contact for pricing
Turn-key medical office suite in Hillside Medical Center.
Property Size10,000 SF
Price / SF$125
Days on Market727
Property Features for 250 Fame Ave
General Information
- Standard status
- Active
- Size
- 10,000 SF
- Property subtype
- Office
Building Details
- Year Built
- 2003
Listing Agency
Landmark Commercial Realty
Listed by
Michael Curran, SIOR · License #PA RS300532
Source
Crexi
Added: Jul 22, 2024 Checked: Jul 17 at 9:41 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 Landmark Commercial Realty
Investment Insights
Based on property information with market context.
This is a 10,000 SF class-A medical office condo available for purchase or lease within Hillside Medical Center. The turn-key space features ample exam rooms, procedure/operating rooms, restrooms, recovery lounges, locker rooms & showers, a conference room, private offices, a reception & waiting room, ample storage, and private exterior access. The property benefits from a high-profile location at the intersection of West Eisenhower Drive and Broadway (PA-194). Current tenants include UPMC Hanover Hospital Services, Lebo Skin Care Centers, The Retina Care Center, and Maryland Vascular Specialists. This property is located at 250 Fame Ave, Hanover, PA 17331.
Key Highlights
- Turn‑key, Class‑A medical office space spanning 10,000 SF
- Excellent location at the intersection of West Eisenhower Drive and Broadway (PA‑194)
- Situated in Hillside Medical Center alongside high‑profile tenants
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 | $87.6k | $8.76 |
| − Vacancy | −$4.9k | −$0.49 |
| EGI | $82.7k | $8.27 |
| − OpEx | −$33.1k | −$3.31 |
| NOI | $49.6k | $4.96 |
10,000 SF · lease $8.76/SF/yr · vacancy 5.60% · expense 40.00%
Alternative Uses
Best Use
Office B
$2.28M
$1.99M – $2.66M
NOI $159,430 @ 7.0% cap · market cap 12.75%
Second Best
Healthcare Medical
$708.8K
$620.2K – $827.0K
NOI $49,617 @ 7.0% cap · market cap 3.97%
Theoretical Best
Office A
$2.90M
$2.53M – $3.38M
NOI $202,675 @ 7.0% cap · market cap 16.21%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Lébo Aesthetics & Spa- ...
Hair Salon
Hanover Health Corporation
Hospital
Pulmonary Diagnostic Services
Medical Clinic
PCDSM
Dental Office
Mecca Lasik: Chaudhry ...
Dental Office
Similar For Sale Nearby
Similar Off Market Nearby
- Petco Vaccination Clinic — 416 Eisenhower Dr Hanover Cmns, Hanover Commons, Hanover, PA 17331
FAQs
What type of property is this?
Medical Office Space - Turn-key medical office suite in Hillside Medical Center.
Where is this medical office space located?
The property is located at 250 Fame Ave Hanover, PA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Turn‑key, Class‑A medical office space spanning 10,000 SF; Excellent location at the intersection of West Eisenhower Drive and Broadway (PA‑194); Situated in Hillside Medical Center alongside high‑profile tenants
