16888 State Route 706 - Medical FOR SALE


Montrose, PA 18801
$899,000 USD
570-335-2351
16888 State Route 706, Montrose, PA for Sale
$899,000 USD
Medical - FOR SALE
1/25
null | Request Cap Rate

16888 State Route 706
Montrose, PA 18801


HIGHLIGHTS

  • High-visibility location along State Route 706.
  • Multiple entrances and separate utility configurations support flexibility.
  • Ample on-site parking for tenants, employees, and visitors.
  • Two-story layout includes private offices, conference areas, and open workspaces.
  • Convenient access to Montrose and regional transportation routes.

OVERVIEW

16888 State Route 706 presents an opportunity to acquire a fully leased medical office asset positioned along one of Susquehanna County's primary commercial corridors. The property consists of a two-story medical office building situated on approximately 2.01 acres with ample on-site parking and a layout designed to accommodate multiple tenants. Existing improvements include private offices, conference rooms, open work areas, a break room, multiple entrances, and separate utilities serving portions of the building, providing operational flexibility and long-term functionality. Located along State Route 706 just outside downtown Montrose, the property benefits from direct visibility and convenient regional access. Montrose serves as the county seat of Susquehanna County and is connected to Interstate 81 via Route 706, providing access to surrounding communities throughout Northeastern Pennsylvania. The location supports healthcare and professional office users seeking accessibility for patients, employees, and visitors while maintaining proximity to local government services, businesses, and residential neighborhoods. The building's established medical office use, multi-tenant configuration, and existing occupancy create an asset suited for investors seeking in-place income as well as owner-users evaluating future operational flexibility. With a history of medical occupancy, substantial parking capacity, and a commercial zoning designation, the property offers a combination of functionality, visibility, and accessibility in a market with limited comparable medical office inventory.

FOR SALE DETAILS

PRICE

$899,000 USD

PRICE/SF

$124 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

2.01 AC

LAND SF

87,556 SF

ZONING

C

APN/PARCEL ID

124.16-1-023.00-000

ASK ABOUT THIS PROPERTY

Benjamin LawsonSherlock Homes and PropertiesMore Info
570-335-2351

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Benjamin LawsonSherlock Homes and PropertiesMore Info
570-335-2351

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.