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349 W State St 5,973 SF 20% Leased Office Building Media, PA 19063 $1,075,000 ($179.98/SF) 10.03% Cap Rate
Investment Highlights
- Tons of parking in the heart of Media Borough!
- Corner location
- 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 — currenlty rented for $1500/month through November.
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 — currenlty rented for $1500/month through November.
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) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$134,467
|
$22.51
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$134,467
|
$22.51
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$25,685
|
$4.30
|
| Net Operating Income |
$108,782
|
$18.21
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $134,467 |
| Annual Per SF | $22.51 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $134,467 |
| Annual Per SF | $22.51 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $25,685 |
| Annual Per SF | $4.30 |
| Net Operating Income | |
|---|---|
| Annual | $108,782 |
| Annual Per SF | $18.21 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
5,973 SF
Building Class
C
Year Built/Renovated
1910/1980
Price
$1,075,000
Price Per SF
$179.98
Cap Rate
10.03%
NOI
$107,800
Percent Leased
20%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
1,991 SF
Building FAR
0.86
Lot Size
0.16 AC
Zoning
C
Parking
15 Spaces (2.51 Spaces per 1,000 SF Leased)
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Health Care and Social Assistance
- -
- -
- -
Family First Homecare began in 2012 and was created to address gaps in pediatric home care for children who might otherwise remain in hospital settings. Family First Homecare focuses on in-home pediatric care and critical care transition services for children with complex or life-long health conditions, with an emphasis on safe hospital-to-home transitions and patient-specific care planning. The company serves families through a multi-state homecare platform and supports care coordination, nursing education, and provider collaboration as part of its broader home health service model. In recent coverage, Family First Homecare was described as a scaled pediatric private duty nursing provider, and the company announced an agreement to be acquired by Aveanna Healthcare Holdings.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Health Care and Social Assistance | - | - | - |
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
$8500 per month
$8500 per month
| Space | Size | Space Use | Build-Out | Available |
| 1st Floor | 2,400 SF | Office | - | Now |
| 2nd Floor | 2,400 SF | Office | - | Now |
1st Floor
| Size |
| 2,400 SF |
| Space Use |
| Office |
| Build-Out |
| - |
| Available |
| Now |
2nd Floor
| Size |
| 2,400 SF |
| Space Use |
| Office |
| Build-Out |
| - |
| Available |
| Now |
1st Floor
| Size | 2,400 SF |
| Space Use | Office |
| Build-Out | - |
| Available | Now |
$8500 per month
2nd Floor
| Size | 2,400 SF |
| Space Use | Office |
| Build-Out | - |
| Available | Now |
$8500 per month
1 1
Exceptionally walkable
90/100
Very drivable
80/100
Some public transit
50/100
Fairly bikeable
50/100
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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