2964 Lycoming Creek RdWilliamsport, PA 17701

  • Retail properties
  • 5,920 SF
For Lease

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
Retail properties
Property subtype
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • 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
2964 Lycoming Creek Rd, Williamsport, Pennsylvania

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

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
$5,064
$73,500
$153,060
$226,560
-
$73,500
$153,060
$226,560

FAQs

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