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206 Schuylkill Medical Plz Pottsville, PA 17901

Sponsored
For Sale
$595,000

5,700 SF Medical Office, Fully Leased

Property size:
5,700 SF

Description

Added:
Dec 11, 2024
Days on Market:
392
This exceptional investment opportunity presents a fully leased 5,700 square foot medical office suite located at 206 Schuylkill Medical Plaza, Suite 206, Pottsville, PA 17901. Built in 2002, this property boasts a prime location and enjoys abundant natural light from numerous windows offering pleasant views. The current tenant is under a new five-year lease commencing June 1, 2022, with a built-in 2% annual rent increase. The suite comprises eleven exam rooms/private offices, a staff area, four half-bathrooms, a reception area, and a waiting area. The monthly rental rate averages approximately $6,600 over the five-year lease term, inclusive of CAM charges, interior cleaning, condo fees, and utilities. Tenant responsibilities include phone, cable, internet, tenant insurance (naming the landlord as additionally insured), and minor maintenance (e.g., light bulb replacement). The rental rate incorporates 12.99% of condo association fees, utilities, and real estate taxes. The building owner is responsible for the condo fees (currently $2,100.00) and real estate taxes (currently $8,349.00). This results in an approximate $33,549.00 offset against the blended annual rental rate of $79,200.00, yielding an approximate net income of $45,651.00 before capital expenses, translating to a cap rate exceeding 7.5%. This is a turnkey investment with a professional management company overseeing the property and tenant space. The asking price for this exceptional property is $595,000.

Property Features for 206 Schuylkill Medical Plz

General Information

Property type
Medical offices
Square Feet
5,700 SF

Building Details

Year Built
2002

HighLights

  • $595,000 asking price.
  • 5,700 square foot medical office space.
  • Located at 206 Schuylkill Medical Plaza, Suite 206, Pottsville, PA 17901.
  • Built in 2002.
  • Fully leased with a new 5‑year lease (commencing June 1, 2022) featuring 2% annual rent increases.
Property Profile Location Intelligence

Current Use by Public Records

Medical offices

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
Pottsville
County
Schuylkill
State
Pennsylvania
Longitude
-76.189801
Latitude
40.6821399

FAQs

What type of property is this?
Medical office - 5,700 SF Medical Office, Fully Leased
Where is this medical office located?
The property is located at 206 Schuylkill Medical Plz Pottsville, PA.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: $595,000 asking price.; 5,700 square foot medical office space.; Located at 206 Schuylkill Medical Plaza, Suite 206, Pottsville, PA 17901.
More about this property
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