230 High StWaterford, PA 16441

Property Details for 230 High St

Year built

1972

Construction

FRAME

Lot size

6.01 AC

Property size (Sq ft)

21,083 SF

Zone code

T

Property type

Grocery and convenience stores

APN

46-009-067.0-009.00

APU

46009067000900

Description

This exceptional investment opportunity presents a 21,083-square-foot grocery store located at 230 High St, Waterford, PA 16441. The property, situated on a 6.011-acre lot, is currently 100% occupied by a TOPS Market operating under an Absolute NNN lease. The lease expires December 30, 2025, with two five-year extension options available, extending the lease through 2035. The asking price is $1,700,000, translating to $80.63 per square foot. Built in 1972, the single-building property is zoned B-1 and features a strong tenant in TOPS Market, recently merged with Price Chopper, solidifying its position as a major regional player. The tenant is responsible for all property taxes, insurance, and common area maintenance, including the parking lot and roof, minimizing the owner's operational responsibilities. This is a true NNN lease offering a passive income stream with significant long-term potential. The property's APN is 46-009-067.0-009.00. This is a rare opportunity to acquire a well-established, high-performing grocery store investment in a desirable location. The remaining lease term is approximately 1.1 years.

• CAP approach

  CAP return

  Valuation

  6%

  $5,575,460

  6.5%

  $5,146,578

  7%

  $4,778,966

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,152,130

  Geo Method

  $4,969,702

• Alternative Use

  Use

  Valuation

  Residential

  $4,341,332

  Hospitality

  $3,976,636

  Educational

  $3,308,515

  Medical

  $3,422,300

  Retail

  $5,146,578

Location Insight

City

Waterford

County

Erie

State

Pennsylvania

Latitude

41.9382

Longitude

-79.9831

CBSA code

21500

CBSA name

ERIE, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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