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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
| DAYS ON MARKET | 1 | LAST UPDATED | 6/3/2026 |
|---|---|---|---|
| YEAR BUILT | 0 | COMMUNITY | =New Castle/1st" class="dsidx-reg-link">New Castle/1st |
| COUNTY | Lawrence | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| ADDITIONAL DETAILS | |
| AREA | New Castle/1st |
|---|---|
| LOT | 0.5 acre(s) |
| LOT DIMENSIONS | 210 x 105 |
| TAXES | 33617 |
| UTILITIES | Electricity Available, Natural Gas Available, Sewer Available, Water Available |
| ZONING | C-1, |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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