1776 Queen StYork, PA 17403

For Sale
$1,511,746

High-yield medical office, 100% occupied.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a 7,830 square foot medical office building located at 1776 S Queen Street, York, Pennsylvania, 17403. The property consists of four condominium units, each currently leased to OSS Orthopedic Hospital under a triple net (NNN) lease. The building boasts 100% occupancy with a remaining lease term of approximately 4.5 years, expiring May 31, 2029. The asking price is $1,511,746, representing a price per square foot of $193.07 and a compelling 7.50% capitalization rate. The current Net Operating Income (NOI) stands at $113,381. Lease options are available. This presents a stable investment opportunity anchored by a long-term tenant with a significant presence in the York market for over two decades. The property offers investors the security of a fully occupied building with a substantial remaining lease term, providing a strong return on investment. This is a rare opportunity to acquire a well-established medical office building in a desirable location.

Property Details for 1776 Queen St

Property type
Other office properties, Medical offices
Square Feet
7,830 SF
Buildings
1
Units
4

Location Insight

City
York
County
York
State
Pennsylvania
Latitude
39.9408013
Longitude
-76.703041
1776 Queen St, York, Pennsylvania

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1776 Queen St
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