For Sale
$975,000

800 Leonard StClearfield, PA 16830

Prime PA Office, Net Lease, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a two-building Clearfield, PA office complex totaling 8,000 square feet on a 2.03-acre lot. The main building, 6,000 square feet, is currently under a net lease with a remaining term of approximately 2.6 years (expiring June 30, 2027), offering a 5.50% cap rate and a strong $53,665 annual NOI. A pro-forma cap rate of 7.74% and NOI of $75,476 reflect potential for increased income. The second building, a 2,000 square foot structure, offers versatility for additional rental income or expansion. Both buildings feature flexible floor plans and ample parking (26 spaces). Located at 800 Leonard St, Clearfield, PA 16830, this property benefits from excellent visibility and convenient access to major highways. The property is zoned for professional use and was built in phases, 1996 and 2016. This is an ideal investment for those seeking a stable, net-leased property with significant upside potential in a growing community. The asking price is $975,000, representing a price per square foot of $121.88. The property's current occupancy is 75%.

Highlights

  • $975,000 asking price for this Clearfield, PA office property.
  • Net lease investment opportunity with a 5.50% cap rate (7.74% pro-forma).
  • 8,000 square feet of net rentable space in two buildings on a 2.03-acre lot.
  • Currently 75% occupied with a single tenant under a net lease expiring June 30, 2027 (2.6 years remaining).
  • Features 26 parking spaces and is zoned for professional use.

Property Details for 800 Leonard St

Property type
Office properties
Square Feet
8,000 SF
Year Built
1996
Buildings
2
Stories
1
Lot Size (sq. ft)
88,427 SF
Units
2

Location Insight

City
Clearfield
County
Clearfield
State
Pennsylvania
Latitude
41.0224413
Longitude
-78.4114906
800 Leonard St, Clearfield, Pennsylvania

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800 Leonard St
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