1830 3Rd StWilliamsport, PA 17701
- Other commercial real estate
- 1,540 SF
Property Details for 1830 3Rd St
- Year built
- 1964
- Lot size
- 0.40 AC
- Property size (Sq ft)
- 1,540 SF
- Zone code
- COMM
- Property type
- Other commercial real estate
- APN
- 26+,010.0-0115.00-000+
- APU
- 260100011500000
Description
This 1,200 sq ft auto shop in Williamsport, PA, presents a compelling investment opportunity. Located on a 0.4-acre lot at 1830 E 3rd St, this newly constructed (2024) property boasts a 15-year NNN lease with Take 5 Oil Change, a national tenant with over 800 locations. The lease includes 10% rental increases every five years, providing built-in inflation protection and significant NOI growth. The property features 7.5 parking spaces per 1,000 sq ft and benefits from a strong demographic profile, including over 58,000 residents within a 5-mile radius and an average household income of $70,815. Its prime location along a major retail corridor, shadow-anchored by T.J. Maxx Plaza and near Loyal Plaza (Giant, Hobby Lobby, Staples, Planet Fitness), ensures high visibility and consistent traffic. The proximity to Pennsylvania College of Technology and Lycoming College, along with UPMC Williamsport Hospital, further enhances the property's appeal. The property is zoned Commercial - Retail and offers a 6.50% cap rate with a current occupancy of 100%. The asking price is $2,306,154, translating to $1,921.79 per square foot. This is a truly management-free investment opportunity with zero landlord responsibilities, as the tenant covers all CAM, taxes, and insurance. The ground lease has 15 years remaining. This is an exceptional opportunity for passive investors seeking strong returns and long-term stability.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
Alternative Use
- Use
- Valuation
- Residential
- $284,648
- Hospitality
- $260,736
- Educational
- $216,929
- Medical
- $224,390
- Retail
- $337,445
Location Insight
- City
- Williamsport
- County
- Lycoming
- State
- Pennsylvania
- Latitude
- 41.2491
- Longitude
- -76.9669
- CBSA code
- 48700
- CBSA name
- WILLIAMSPORT, PA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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