2964 Lycoming Creek RdWilliamsport, PA 17701

Property Details for 2964 Lycoming Creek Rd

Year built

1950

Lot size

0.96 AC

Property size (Sq ft)

5,920 SF

Zone code

COMM

Property type

Auto shops

APN

26+,021.0-0104.00-000+

APU

260210010400000

Description

This ±8,400 square foot commercial building sits on a 1.92-acre corner lot offering exceptional visibility. The property is ideally suited for a variety of uses, including retail, office, and industrial tenants, thanks to its versatile layout. The building features a showroom, a sizable garage, and ample warehouse space, catering to diverse business needs. Convenient drive-in and dock doors ensure efficient loading and unloading operations. The strategic location provides easy access to major highways, enhancing accessibility for both employees and customers. This single-tenant property presents a unique opportunity for businesses seeking a well-positioned, spacious, and functional commercial space with high visibility and convenient access to transportation networks. The substantial lot size offers ample room for expansion or future development, adding to the property's long-term value and potential. The combination of showroom, garage, and warehouse space makes this an exceptionally versatile property suitable for a wide range of commercial enterprises. This is a rare opportunity to acquire a well-maintained, strategically located commercial building in a high-traffic area.

• CAP approach

  CAP return

  Valuation

  6%

  $1,405,292

  6.5%

  $1,297,192

  7%

  $1,204,536

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,362,918

  Geo Method

  $938,517

• Alternative Use

  Use

  Valuation

  Residential

  $1,094,230

  Hospitality

  $1,002,309

  Educational

  $833,909

  Medical

  $862,589

  Retail

  $1,297,192

Location Insight

City

Williamsport

County

Lycoming

State

Pennsylvania

Latitude

41.2843

Longitude

-77.0538

CBSA code

48700

CBSA name

WILLIAMSPORT, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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