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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

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    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.
    Request Owner's contact information
    1776 Queen St York, PA 17403
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    York, PA 17403
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1776 Queen St York, PA 17403
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