For Sale
$1,050,000

160 Montgomery StHollidaysburg, PA 16648

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

Overview

Added:
Dec 11, 2024
Days on market:
114
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
160 Montgomery St, Hollidaysburg, Pennsylvania

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160 Montgomery St
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