USAPANew Castle708-702-708 N Jefferson St
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$1,800,000

For Sale

A day ago

708 - 702-708 N Jefferson St, New Castle, PA

MLS® 1758015

0 Bed

0 Bath

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  • Key Facts
  • Description
  • Map

Key Facts

Type Office
Levels Commercial Sale
Size -
Garage No
HOA Fees 
Taxes $33,617
Days Active 1
Approx. Age 
MLS® Number 1758015

Property Address: 708-702-708 N Jefferson St, New Castle, PA, 16101-2118

Average square foot calculated using Size range provided by listing agent.

Description

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. ¦ 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 assets nationally trade at 6–8% cap rates. This one is nearly double that — in place, today. ¦ Fully Leased — Three Established Medical Tenants. Edgewood Surgical, Retina Eye of Cleveland, and Lawrence County Eye Associates (LCEA) are all in place and paying. No lease-up risk, no vacancy — just cash flow from Day
MLS® Number1758015
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jun 3, 2026List Date
$1,800,000List Price
  • Commute

Commute

Starting Address
Destination Address
702-708 N Jefferson St, New Castle, PA

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