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Investment Highlights
- High-visibility location along State Route 706.
- Ample on-site parking for tenants, employees, and visitors.
- Convenient access to Montrose and regional transportation routes.
- Multiple entrances and separate utility configurations support flexibility.
- Two-story layout includes private offices, conference areas, and open workspaces.
Executive Summary
16888 State Route 706 presents an opportunity to acquire a fully leased medical office asset positioned along one of Susquehanna County's primary commercial corridors. The property consists of a two-story medical office building situated on approximately 2.01 acres with ample on-site parking and a layout designed to accommodate multiple tenants. Existing improvements include private offices, conference rooms, open work areas, a break room, multiple entrances, and separate utilities serving portions of the building, providing operational flexibility and long-term functionality.
Located along State Route 706 just outside downtown Montrose, the property benefits from direct visibility and convenient regional access. Montrose serves as the county seat of Susquehanna County and is connected to Interstate 81 via Route 706, providing access to surrounding communities throughout Northeastern Pennsylvania. The location supports healthcare and professional office users seeking accessibility for patients, employees, and visitors while maintaining proximity to local government services, businesses, and residential neighborhoods.
The building's established medical office use, multi-tenant configuration, and existing occupancy create an asset suited for investors seeking in-place income as well as owner-users evaluating future operational flexibility. With a history of medical occupancy, substantial parking capacity, and a commercial zoning designation, the property offers a combination of functionality, visibility, and accessibility in a market with limited comparable medical office inventory.
Located along State Route 706 just outside downtown Montrose, the property benefits from direct visibility and convenient regional access. Montrose serves as the county seat of Susquehanna County and is connected to Interstate 81 via Route 706, providing access to surrounding communities throughout Northeastern Pennsylvania. The location supports healthcare and professional office users seeking accessibility for patients, employees, and visitors while maintaining proximity to local government services, businesses, and residential neighborhoods.
The building's established medical office use, multi-tenant configuration, and existing occupancy create an asset suited for investors seeking in-place income as well as owner-users evaluating future operational flexibility. With a history of medical occupancy, substantial parking capacity, and a commercial zoning designation, the property offers a combination of functionality, visibility, and accessibility in a market with limited comparable medical office inventory.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
7,250 SF
Building Class
B
Year Built/Renovated
1990/2005
Price
$899,000
Price Per SF
$124
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
3,625 SF
Building FAR
0.08
Lot Size
2.01 AC
Zoning
C
Parking
30 Spaces (4.14 Spaces per 1,000 SF Leased)
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Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 124.16-1-023.00-000 | Improvements Assessment | $141,300 |
| Land Assessment | $11,800 | Total Assessment | $153,100 |
Property Taxes
Parcel Number
124.16-1-023.00-000
Land Assessment
$11,800
Improvements Assessment
$141,300
Total Assessment
$153,100
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16888 State Route 706



