2195 Lycoming Creek RdWilliamsport, PA 17701
- Office properties
- 576 SF
Property Details for 2195 Lycoming Creek Rd
- Year built
- 1966
- Lot size
- 0.22 AC
- Property size (Sq ft)
- 576 SF
- Property type
- Office properties
- Property subtype
- Office buildings
- APN
- 43+,009.0-0301.B+-000+
- APU
- 4300900301B000
Description
This exceptional Williamsport investment opportunity encompasses three contiguous parcels totaling 0.83 acres, offering a unique blend of commercial and residential income streams. The main property at 2195 Lycoming Creek Road features 1,008 square feet of retail space, boasting excellent street visibility, perfect for a variety of businesses. Adding to its appeal are two service garages providing approximately 2,490 square feet of additional space. A large paved parking lot ensures ample customer and tenant parking. Further enhancing the investment potential are two separate apartment buildings. Located at 2183 Lycoming Creek Road, one building offers three units with approximately 3,282 square feet of living space. The second building, situated at 2189 Lycoming Creek Road, also features three units totaling approximately 2,637 square feet. This combined property presents a rare chance to acquire a substantial commercial space with significant rental income potential from the six existing apartments. The property's combined assessed value and real estate taxes reflect the total of all three parcels. A 48-hour notice is required for all showings to respect current tenants. Detailed information and disclosures for each apartment building and parcel are available upon request.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $93,014
- 6.5%
- $85,859
- 7%
- $79,727
-
Comparable approach
- Method
- Valuation
- Relative Method
- $52,622
- Geo Method
- $36,236
-
Alternative Use
- Use
- Valuation
- Residential
- $106,466
- Hospitality
- $97,522
- Educational
- $81,137
- Medical
- $83,928
- Retail
- $126,213
Location Insight
- City
- Williamsport
- County
- Lycoming
- State
- Pennsylvania
- Latitude
- 41.2639
- Longitude
- -77.0454
- 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
FAQs
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