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349 W State St 5,973 SF 20% Leased Office Building Media, PA 19063 $1,400,000 ($234.39/SF) 7.70% Cap Rate



INVESTMENT HIGHLIGHTS
- Tons of parking in the heart of Media Borough!
- Reception Area in Building
EXECUTIVE SUMMARY
Welcome to an exceptional opportunity in the highly sought-after Media Borough! This versatile commercial property offers a rare combination of functionality, convenience, and location — complete with 15 private parking spaces, a true luxury in the borough.
The first floor is thoughtfully configured to support a variety of business needs, featuring:
Multiple private office spaces
A welcoming reception area
A spacious conference room
Two powder rooms
Several dedicated storage, copy, and file areas
Four exterior exits, including two at grade for easy accessibility
The second floor enhances operational flexibility with:
A full kitchen
Two additional office spaces
Ample storage
A full restroom
Adding to the property’s value is the third floor, which includes a 1-bedroom, 1-bath apartment — ideal for live/work arrangements, staff accommodations, or additional rental income.
Whether you're expanding your business, investing in a prime location, or seeking a mixed-use opportunity, this property delivers unmatched potential in a vibrant community with easy aceess to public transportation and high ways.
The first floor is thoughtfully configured to support a variety of business needs, featuring:
Multiple private office spaces
A welcoming reception area
A spacious conference room
Two powder rooms
Several dedicated storage, copy, and file areas
Four exterior exits, including two at grade for easy accessibility
The second floor enhances operational flexibility with:
A full kitchen
Two additional office spaces
Ample storage
A full restroom
Adding to the property’s value is the third floor, which includes a 1-bedroom, 1-bath apartment — ideal for live/work arrangements, staff accommodations, or additional rental income.
Whether you're expanding your business, investing in a prime location, or seeking a mixed-use opportunity, this property delivers unmatched potential in a vibrant community with easy aceess to public transportation and high ways.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Building Size
5,973 SF
Building Class
C
Year Built/Renovated
1910/1980
Price
$1,400,000
Price Per SF
$234.39
Cap Rate
7.70%
NOI
$107,800
Percent Leased
20%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
1,991 SF
Building FAR
0.88
Lot Size
0.16 AC
Zoning
Com
Parking
15 Spaces (2.51 Spaces per 1,000 SF Leased)
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
$8500 per month
$8500 per month
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 2,400 SF | Office | - | Now |
| 2nd Floor | 2,400 SF | Office | - | Now |
1st Floor
| Size |
| 2,400 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
2nd Floor
| Size |
| 2,400 SF |
| Space Use |
| Office |
| Condition |
| - |
| Available |
| Now |
1st Floor
| Size | 2,400 SF |
| Space Use | Office |
| Condition | - |
| Available | Now |
$8500 per month
2nd Floor
| Size | 2,400 SF |
| Space Use | Office |
| Condition | - |
| Available | Now |
$8500 per month
1 1
Walk Score®
Walker's Paradise (92)
PROPERTY TAXES
| Parcel Number | 26-00-01787-00 | Improvements Assessment | $400,870 (2025) |
| Land Assessment | $117,110 (2025) | Total Assessment | $517,980 (2025) |
PROPERTY TAXES
Parcel Number
26-00-01787-00
Land Assessment
$117,110 (2025)
Improvements Assessment
$400,870 (2025)
Total Assessment
$517,980 (2025)
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349 W State St
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