1830 3Rd StWilliamsport, PA 17701

  • Other commercial real estate
  • 1,540 SF
For Sale
$2,306,154 View listing

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
1830 3Rd St, Williamsport, Pennsylvania

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$11,757
$39,900
$486,130
$526,030
-
$39,900
$486,130
$526,030

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