Leased Medical Office
For Sale
Contact for pricing
206 Schuylkill Medical Plaza Suite 206, Pottsville, PA 17901
Fully leased medical office space with long-term tenant.
Property Size5,700 SF
Price / SF$86.84
Days on Market1189
Property Features for 206 Schuylkill Medical Plaza Suite 206
General Information
Standard status
Active
Size
5,700 SF
Total Parking Spaces
15
Property subtype
Office
Zoning
M-1, Light Manufacturing District
Occupancy
100%
Lease Type
Gross
Net Operating Income
$46,651
Building Details
Year Built
2002
Stories
2
Tenancy
Single
Listing Agency:
Berkshire Hathaway HomeServices Homesale Realty Schuylkill Haven
(570) 385-3456
Listed By:
Eric Seitzinger · License #PA
Source:
Crexi
Added: May 30, 2023
Changed: Aug 26
Last Checked: Aug 28 at 10:25PM
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 Berkshire Hathaway HomeServices Homesale Realty Schuylkill Haven
Investment Insights
Based on property information with market context.
This is an investment property for sale featuring a fully leased office space within a professional medical building. The property is under a new five-year lease, which commenced on June 1, 2022, and includes annual rent increases of 2%. A full-time management company oversees the property and tenant space. The suite offers ample natural light with numerous windows and views. The leased suite encompasses approximately 5,700 square feet. The approximate blended five-year monthly average rental rate is $6,600.00, inclusive of CAM, interior cleaning, condo fees, and utilities. The tenant is responsible for phone, cable, internet, tenant insurance (naming the landlord as an additional insured), and minor maintenance, such as changing light bulbs. The rental rate includes 12.99% of the Condo Association Fees, utilities, and real estate taxes. The building owner is responsible for the payment of the Condo Fees (currently $2,100.00) and Real Estate Taxes (currently $8,349.00). This provides an approximate $33,549.00 offset against the blended rental rate of $79,200.00, resulting in an approximate $45,651.00 without any holdback for capital expenses, yielding over a 7.5% cap rate. The suite includes 11 exam rooms/private offices, one staff area, four H/P restrooms, a reception area, and a waiting area.
Key Highlights
- Fully leased office space provides immediate income.
- New 5‑year lease commenced June 1, 2022, ensuring stable tenancy.
- Annual 2% rental rate increases provide escalating returns.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,095
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 17901, PA
22,608
Population
11,067
Households
2
Avg Household Size
46
Median Age
23%
College-Educated
92%
High-School Grad
79.4 sq mi
ZIP Area
285
Density / Sq Mi
$61,632
Median Household Income
$40,942
Median Earnings
$819
Median Rent
$130,600
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Fully leased medical office space with long-term tenant.
Where is this medical office space located?
The property is located at 206 Schuylkill Medical Plaza Suite 206 Pottsville, PA.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Fully leased office space provides immediate income.; New 5‑year lease commenced June 1, 2022, ensuring stable tenancy.; Annual 2% rental rate increases provide escalating returns.
