1 Outlet LnLock Haven, PA 17745

Property Details for 1 Outlet Ln

Year built

1993

Lot size

20.77 AC

Property size (Sq ft)

79,784 SF

Property type

Strip malls

Property subtype

Neighborhood centers

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.

• 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

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

FAQs

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