For Sale
$250,000

411 2Nd St Williamsburg, PA 16693

Prime multi-unit property, high cap rate.

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional mixed-use investment opportunity in Williamsburg, PA, presents a compelling proposition for discerning buyers. Located at 411 W 2nd St, 16693, this property boasts a total of 6,691 square feet across three buildings, offering a diverse range of income streams. The property features four units, including a 2,000 sq ft business office complete with a conference room and waiting area, a 1,104 sq ft full-service hair salon, and a spacious 2,000 sq ft apartment currently leased. An additional 1,587 sq ft unit provides significant potential for conversion into either residential or commercial space, further enhancing the property's value and income potential. Built in 1960 and renovated in 2020, this Class C property offers a strong 8.74% cap rate with a Net Operating Income (NOI) of $21,852. The asking price is $250,000, translating to a price per square foot of $37.36. Conveniently situated, the property includes a private parking lot and additional off-street parking, and is handicap accessible. Each unit benefits from its own private entrance. This multi-tenant property presents a rare opportunity to acquire a well-maintained, income-generating asset in a desirable location. The combination of existing income streams and significant expansion potential makes this an attractive investment for both owner-users and passive investors.

Property Details for 411 2Nd St

Property type
Retail properties, Office properties
Square Feet
6,691 SF
Class
C
Year Built/Renovated
1960/2020
Buildings
3
Units
4

Location Insight

City
Williamsburg
County
Blair
State
Pennsylvania
Latitude
40.461388479366
Longitude
-78.201899588169

FAQs

What type of property is this?
Retail property - Prime multi-unit property, high cap rate.
Where is the retail property located?
The property is located at 411 2Nd St Williamsburg, PA.
What is the asking price?
The asking price for this property is $250,000.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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411 2Nd St
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