About 702-708 Jefferson
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
Features of 702-708 Jefferson
| MLS® # | 1758015 |
|---|---|
| Price | $1,800,000 |
| Bathrooms | 0.00 |
| Acres | 0.50 |
| Type | Commercial |
| Sub-Type | Office |
| Status | Active Under Contract |
Community Information
| Address | 702-708 Jefferson |
|---|---|
| Area | New Castle/1st |
| City | New Castle |
| County | Lawrence |
| State | PA |
| Zip Code | 16101 |
Amenities
| Utilities | Electricity Available, Natural Gas Available, Sewer Available, Water Available |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Fireplace | No |
|---|
Exterior
| Lot Description | 210 x 105 |
|---|
Additional Information
| Date Listed | June 3rd, 2026 |
|---|---|
| Days on Market | 69 |
| Zoning | C-1, |
Listing Details
| Office | REAL OF PENNSYLVANIA |
|---|---|
| Contact Info | pabroker@therealbrokerage.com |