1 Outlet LnLock Haven, PA 17745

  • Retail properties
  • 79,784 SF
For Lease
$10/SF/YR View listing

Property Details for 1 Outlet Ln

Year built
1993
Lot size
20.77 AC
Property size (Sq ft)
79,784 SF
Property type
Retail properties
Property subtype
Strip malls
APN
35-25465
APU
3525465

Description

This exceptional commercial property, located at 1 Outlet Lane in Lock Haven, Pennsylvania, 17745, offers a unique opportunity for businesses seeking flexible and high-visibility office space. The property comprises three single-story buildings totaling 60,000 square feet, situated on 20.77 acres of land. Built in 1993, the Class B property features a total of 300+ parking spaces, ensuring ample convenience for employees and clients. The property is zoned commercial and enjoys excellent access directly off US-220, near the McElhattan exit, providing exceptional visibility and convenient access for commuters. The space is currently fully vacant and available for lease, offering multiple tenancy options. Suites range in size from a minimum of 900 square feet to a maximum contiguous space of 35,000 square feet, catering to a variety of business needs. The property's strategic location, centered around the UPMC Outpatient Center, provides a strong anchor tenant and significant foot traffic. This versatile property is ideal for traditional office, executive office, or medical office uses. The property's size and layout offer significant potential for a variety of businesses seeking a prominent location in Lock Haven. Contact us today to learn more about this exceptional opportunity.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $20,088,586
    6.5%
    $18,543,310
    7%
    $17,218,788
  • Comparable approach

    Method
    Valuation
    Relative Method
    $18,800,648
    Geo Method
    $12,648,413
  • Alternative Use

    Use
    Valuation
    Residential
    $15,641,976
    Hospitality
    $14,327,966
    Educational
    $11,920,699
    Medical
    $12,330,671
    Retail
    $18,543,310
1 Outlet Ln, Lock Haven, Pennsylvania

Location Insight

City
Lock Haven
County
Clinton
State
Pennsylvania
Latitude
41.1517
Longitude
-77.3571
CBSA code
30820
CBSA name
LOCK HAVEN, PA MICROPOLITAN 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
$75,087
$451,700
$3,193,300
$3,645,000
-
$451,700
$3,193,300
$3,645,000

FAQs

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