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

Retail properties

Property subtype

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

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

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.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].