212 N Main St - Medical FOR SALE


North Wales, PA 19454
$1,300,000 USD
215-531-7072
212 N Main St, North Wales, PA for Sale
$1,300,000 USD
Medical - FOR SALE
1/25
null | Request Cap Rate

212 N Main St
North Wales, PA 19454


HIGHLIGHTS

  • Entire 3rd floor (5,719 SF) leased to Jefferson Health. Serving as the building's primary anchor tenant.
  • 6-years of remaining lease term. Medical fit-out completed in 2022. Significant tenant investment and long-term commitment to the location.
  • 2.9 miles from Interstate-476. 2.7 miles from Pennsylvania Route-309. Convenient access throughout the greater Philadelphia region.
  • Average household income of $149,974 and population of 152,409 within a 5-mile radius. Creating local demand for medical/office space.
  • North Wales Septa Train Station is a 5 minute walk from building. This station is a 35 minute train ride to Center City Philadelphia.

OVERVIEW

The property is anchored by a nationally recognized healthcare provider on a long-term lease with Jefferson Health, which occupies the entire third floor. The remaining space within the building offers a highly attractive owner-user or value-add investment opportunity. The second floor is currently occupied by multiple tenants on flexible month-to-month agreements, allowing a new owner to tailor the tenancy to their specific strategy-whether by occupying the space, executing new leases at market rates, or repositioning the asset to maximize income.

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$102 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

North Wales, PA - Medical Office

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

44

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,068 SF

ZONING

OR

APN/PARCEL ID

14-00-01492-006

ASK ABOUT THIS PROPERTY

Tom WigginsMarcus & MillichapMore Info
215-531-7072

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Tom WigginsMarcus & MillichapMore Info
215-531-7072

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