702-708 N Jefferson, New Castle/1st, PA 16101

Property 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