Warehouse with Small
2983 WASHINGTON AVE Clearfield, PA 16830
For Sale
$549,000
For-sale warehouse property currently configured with a small office area.
Days on Market141
Property Features for 2983 WASHINGTON AVE
General Information
Standard status
Active
Property subtype
COMMERCIAL
Building Details
Year Built
1973
Listing Agency:
BURLEIGH REAL ESTATE
(814) 765-9660
Listed By:
Jennifer L Suhoney
Source:
Nelsonrealtypa
Added: Mar 11
Changed: Jul 27
Last Checked: Jul 29 at 10:44AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of BURLEIGH REAL ESTATE
Investment Insights
Based on property information with market context.
This for-sale commercial property is currently being used as a warehouse with a small office space. The building offers a functional combination of warehouse work area and office support space, with flexibility for a buyer to adapt the layout to a different operating use.
The property is located at 2983 WASHINGTON AVE in Clearfield, PA 16830.
As presented, the asset’s primary improvement is the warehouse configuration supported by an attached or included small office area, making it well-suited for users seeking straightforward industrial space with built-in administrative space.
The property is located at 2983 WASHINGTON AVE in Clearfield, PA 16830.
As presented, the asset’s primary improvement is the warehouse configuration supported by an attached or included small office area, making it well-suited for users seeking straightforward industrial space with built-in administrative space.
Key Highlights
- Warehouse property currently configured with a small office area
- Year built: 1973
- Building is currently used as a warehouse with office space, with potential for conversion to other uses
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $58.7k | $8.83 |
| − Vacancy | −$3.3k | −$0.49 |
| EGI | $55.4k | $8.34 |
| − OpEx | −$8.3k | −$1.25 |
| NOI | $47.1k | $7.09 |
6,651 SF · lease $8.83/SF/yr · vacancy 5.60% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$673.2K
$589.1K – $785.4K
NOI $47,124 @ 7.0% cap · market cap 8.58%
Second Best
Industrial
$554.4K
$485.1K – $646.8K
NOI $38,808 @ 7.0% cap · market cap 7.07%
Theoretical Best
Office A
$1.47M
$1.28M – $1.71M
NOI $102,670 @ 7.0% cap · market cap 18.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Flex space - For-sale warehouse property currently configured with a small office area.
Where is this flex space located?
The property is located at 2983 WASHINGTON AVE Clearfield, PA.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: Warehouse property currently configured with a small office area; Year built: 1973; Building is currently used as a warehouse with office space, with potential for conversion to other uses
