Homes for sale - 206 SCHUYLKILL MEDICAL PLAZA, SUITE 206, Pottsvill...

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$595,000

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206 SCHUYLKILL MEDICAL PLAZA, SUITE 206 Pottsville, PA 17901

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Skip Tolley

skip@captainwaterfront.com +1(410) 935-7500

UPDATED:

08/14/2024 10:25 AM

Key Details

Property Type Commercial

Sub Type Office

Listing Status Active

Purchase Type For Sale

MLS Listing ID PASK134768

HOA Y/N N

Originating Board BRIGHT

Year Built 2002

Annual Tax Amount $16,058

Tax Year 2022

Lot Dimensions 0.00 x 0.00

Property Description

"INVESTMENT PROPERTY FOR SALE." Fully leased office space in professional medical building. New 5 year lease beginning June 1, 2022, with annual 2% increases. Full time management company running the property and tenant space. Lots of windows with nice views. Approximately 5,700 square foot suite under lease on a five year term with an approximate blended five year monthly average rental rate of $6,600.00 . Rental rate includes CAM, interior cleaning, Condo fees and utilities. Tenant is responsible for phone, cable, internet, Tenant insurance naming Landlord as additional insured. Tenant also responsible for minor maintenance including but not limited to changing of light bulbs.
The Rental Rate includes the 12.99% of the Condo Association Fees, utilities and Real Estate Taxes. Building owner responsible for the payment of the Condo Fees (currently $2,100.00) and Real Estate Taxes (Currently $8,349.00). This give your an approximate $33,549.00 offset against the blended rental rate of $79,200.00 giving you an approximate $45,651.00 without any holdback for Capital expenses give you over a 7.5% cap rate.
11 Exam Room/Private Office, one staff area, four H/P rest rooms, reception and waiting area.
Call for details or private showing.

Location

State PA

County Schuylkill

Area Pottsville (13368)

Zoning M-1

Interior

Hot Water Natural Gas

Cooling Central A/C

Flooring Carpet, Ceramic Tile

Inclusions 50+ years with two 10 year options remain on Seller's Leasehold interest in the property

Heat Source Natural Gas

Exterior

Garage Spaces 15.0

Utilities Available Cable TV Available, Phone Available, Sewer Available, Water Available, Electric Available

Water Access N

Roof Type Shingle

Accessibility Elevator, Level Entry - Main

Total Parking Spaces 15

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

Elementary Schools John S. Clarke Elementary Center

Middle Schools D.H.H. Lengel

High Schools Pottsville Area

School District Pottsville Area

Others

Tax ID 68-37-0009.206

Ownership Condominium

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

Listed by Eric R Seitzinger • BHHS Homesale Realty - Schuylkill Haven