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1776 Queen St York, PA 17403

For Sale
$1,511,746

High-yield medical office, 100% occupied.

Property size:
7,830 SF

Description

Added:
Dec 11, 2024
Days on Market:
369
This exceptional investment opportunity presents a 7,830 square foot medical office building located at 1776 S Queen Street, York, Pennsylvania, 17403. The property consists of four condominium units, each currently leased to OSS Orthopedic Hospital under a triple net (NNN) lease. The building boasts 100% occupancy with a remaining lease term of approximately 4.5 years, expiring May 31, 2029. The asking price is $1,511,746, representing a price per square foot of $193.07 and a compelling 7.50% capitalization rate. The current Net Operating Income (NOI) stands at $113,381. Lease options are available. This presents a stable investment opportunity anchored by a long-term tenant with a significant presence in the York market for over two decades. The property offers investors the security of a fully occupied building with a substantial remaining lease term, providing a strong return on investment. This is a rare opportunity to acquire a well-established medical office building in a desirable location.

Property Features for 1776 Queen St

General Information

Property type
Medical offices
Square Feet
7,830 SF

Building Details

Buildings
1
Units
4

Property Profile Insight Report Location Intelligence

Current Use by Public Records

AC Tinnitus Hearing Aid Store James L. Shafer, ... Audiologist James Lee Shafer Audiologist Carey C. Durand, ... Audiologist PHILLIP R JEANMENNE Chiropractor

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
York
County
York
State
Pennsylvania
Longitude
-76.703041
Latitude
39.9408013

FAQs

What type of property is this?
Medical office - High-yield medical office, 100% occupied.
Where is this medical office located?
The property is located at 1776 Queen St York, PA.
What is the asking price?
The asking price for this property is $1,511,746.
More about this property
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