For Sale
$1,050,000

160 Montgomery St Hollidaysburg, PA 16648

Multi-tenant medical office, high occupancy, strong NOI.

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional 13,368 square foot medical office building, located at 160 S Montgomery St in Hollidaysburg, Pennsylvania, presents a compelling investment opportunity for owner-users or investors. The Class C property, built in 1990 and renovated that same year, boasts a 95% occupancy rate with four long-term tenants, including a chiropractor. The building features six units, situated on a 0.77-acre lot, and includes 38 parking spaces. The property offers a gross lease structure with a strong net operating income (NOI) of $100,750, translating to a 9.60% cap rate. The asking price is $1,050,000, or $78.55 per square foot. Amenities include two common area conference rooms, a reception area, kitchenette, an executive suite, walk-up attic storage, and climate-controlled storage lockers. The property is zoned for industrial use and offers a convenient location within the Hollidaysburg borough. Financial details are available upon request. This multi-tenant building provides a stable income stream and significant potential for future growth. The property is situated in Blair County, PA, zip code 16648.

Highlights

  • Strong tenant roster with long-term leases.
  • Excellent accessibility and high visibility.
  • Ample on-site parking.

Property Details for 160 Montgomery St

Property type
Office properties, Medical offices
Square Feet
13,368 SF
Class
C
Year Renovated
1990
Stories
1
Lot Size (sq. ft)
33,541 SF
Units
6

Location Insight

City
Hollidaysburg
County
Blair
State
Pennsylvania
Latitude
40.4252202
Longitude
-78.3924052

FAQs

What type of property is this?
Office property - Multi-tenant medical office, high occupancy, strong NOI.
Where is the office property located?
The property is located at 160 Montgomery St Hollidaysburg, PA.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Strong tenant roster with long-term leases.; Excellent accessibility and high visibility.; Ample on-site parking.
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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160 Montgomery St
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