Medical Office Condominium
1776 S Queen St York, PA 17403
1776 S Queen St, York, PA, 17403
Contact for pricing
For Sale
Contact for pricing
Condo units leased to OSS Orthopedic Hospital until 2029.
Property Size7,830 SF
Price / SF$193.07
Days on Market735
Property Features for 1776 S Queen St
General Information
- Standard status
- Active
- Size
- 7,830 SF
- Property subtype
- Office
Listing Agency
Bennett Williams Commercial
(717) 843-5555
Listed by
Chad Stine · License #PA RS223285L
Source
Crexi
Added: Jul 15, 2024 Checked: Jul 19 at 7:00 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 Bennett Williams Commercial
Investment Insights
Based on property information with market context.
The property at 1776 South Queen Street is a medical office building configured as condominium units leased to multiple tenants. This offering includes four condominium units within the building, all currently leased to OSS Orthopedic Hospital. The long-term lease with OSS Orthopedic Hospital extends until 2029, providing investment stability. OSS Orthopedic Hospital has been operating in the York market for over 20 years. The property size is 7830 square feet.
Key Highlights
- Long‑term lease in place with OSS Orthopedic Hospital until 2029, providing investment stability.
- Four condominium units are leased to a single tenant, OSS Orthopedic Hospital.
- OSS Orthopedic Hospital has been a staple in the York market for over 20 years.
Local Financial Insights For Office B
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 | $171.9k | $21.96 |
| − Vacancy | −$5.5k | −$0.70 |
| EGI | $166.4k | $21.26 |
| − OpEx | −$41.6k | −$5.31 |
| NOI | $124.8k | $15.94 |
7,830 SF · lease $21.96/SF/yr · vacancy 3.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.78M
$1.56M – $2.08M
NOI $124,833 @ 7.0% cap · market cap 8.26%
Second Best
Healthcare Medical
$555.0K
$485.6K – $647.5K
NOI $38,850 @ 7.0% cap · market cap 2.57%
Theoretical Best
Office A
$2.27M
$1.98M – $2.64M
NOI $158,694 @ 7.0% cap · market cap 10.50%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
AC Tinnitus
Hearing Aid Store
James L. Shafer, ...
Physician
James Lee Shafer
Physician
Carey C. Durand, ...
Physician
PHILLIP R JEANMENNE
Alternative Medicine Practice
Similar For Sale Nearby
Similar Off Market Nearby
- Animal Emergency & Referral Center of York, A Thrive Pet Healthcare Partner — 1640 S Queen St, York, PA 17403
- Community Animal Hospital — 400 S Pine St, York, PA 17403
- Winding Hill Veterinary Clinic — 1640 S Queen St, York, PA 17403
FAQs
What type of property is this?
Medical Office Space - Condo units leased to OSS Orthopedic Hospital until 2029.
Where is this medical office space located?
The property is located at 1776 S Queen St York, PA.
What is the asking price?
The asking price for this property is $1,511,746.
What are key features of this property?
This property features: Long‑term lease in place with OSS Orthopedic Hospital until 2029, providing investment stability.; Four condominium units are leased to a single tenant, OSS Orthopedic Hospital.; OSS Orthopedic Hospital has been a staple in the York market for over 20 years.
