Log In/Sign Up
Your email has been sent.
Lawrence County Eye center 508-512 N Jefferson st 13,704 SF 100% Leased Office Building New Castle, PA 16101 $1,800,000 ($131.35/SF) 9.33% Cap Rate
Investment Highlights
- ¦ 14.81% Cap Rate — Day One. With $270,194 in NOI against a $1,800,000 asking price, this property delivers an exceptional yield. Medical office asset
- ¦ 2.13x Debt Coverage Ratio. The NOI covers debt service more than twice over — a wide safety cushion and a strong signal to lenders
- ¦ Fully Leased — Three Established Medical Tenants. Edgewood Surgical, Retina Eye of Cleveland, and Lawrence County Eye Associates (LCEA) are all in p
Executive Summary
708 & 712 North Jefferson Street is a fully leased, income-producing medical facility offered at $1,800,000 with a Year 1 NOI of $270,194 — representing a 14.81% cap rate on the purchase price.? Three established medical tenants occupy the property under existing leases generating $34,300 per month ($411,600 annually) in gross rental income.? With a 37.24% cash-on-cash return on a $385,000 down payment and a 2.13x debt coverage ratio, this is a rare stabilized medical asset with exceptional in-place returns and significant appreciation potential.?Both buildings have elevators.? Paved parking lot for 20 cars.? 138 ft of frontage on E Laurel Ave and 120 ft of frontage on North Jefferson St.?Major renovations were done in 2009.? The building is very well maintained and is in MOVE IN condition for a new owner/investor.?
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$411,600
|
$30.04
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$120,826
|
$8.82
|
| Net Operating Income |
$290,774
|
$21.22
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $411,600 |
| Annual Per SF | $30.04 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $120,826 |
| Annual Per SF | $8.82 |
| Net Operating Income | |
|---|---|
| Annual | $290,774 |
| Annual Per SF | $21.22 |
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
13,704 SF
Building Class
A
Year Built/Renovated
1966/2009
Price
$1,800,000
Price Per SF
$131.35
Cap Rate
9.33%
NOI
$168,000
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
6,852 SF
Building FAR
0.53
Lot Size
0.59 AC
Zoning
C-1
Parking
20 Spaces (1.46 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Reception
- Air Conditioning
1 1
Fairly walkable
40/100
Moderately drivable
60/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 01-032200 | Improvements Assessment | $9,200 (2026) |
| Land Assessment | $32,400 (2026) | Total Assessment | $41,600 (2026) |
Property Taxes
Parcel Number
01-032200
Land Assessment
$32,400 (2026)
Improvements Assessment
$9,200 (2026)
Total Assessment
$41,600 (2026)
1 of 60
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Lawrence County Eye center | 508-512 N Jefferson st
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.