Brewery with Event
New
For Sale
$3,950,000
301-309 W 3RD STREET, Williamsport, PA 17701
A commercial kitchen, two bars, and brewing equipment support food, beverage, and event operations under one roof.
Property Size26,000 SF
Price / SF$151.92
Days on Market3
Property Features for 301-309 W 3RD STREET
General Information
Standard status
Active
Size
26,000 SF
Total Parking Spaces
19
Property subtype
Commercial
Restaurant
Patio
No
Equipment Included
Yes
Additional Details
Highway Access
Yes
Building Details
Year Built
1913
Year Renovated
2024
Buildings
1
Stories
4
Listing Agency:
Fish Real Estate, Inc.
(570) 893-4220
Listed By:
Brent Fish · License #RM420632
(570) 326-1561
Source:
Cummingsrealtors
Added: Oct 14
Changed: Oct 16
Last Checked: Oct 16 at 2:03PM
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 Fish Real Estate, Inc.
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Investment Insights
Based on property information with market context.
The 26,000-square-foot Thrall Building combines a brewery, restaurant, and event venue in a four-floor layout served by elevators, with a renovated basement. Renovation work was completed in 2024. Brewing infrastructure includes a 15 BBL brewhouse, fermenters, brite tanks, and a canning line; a commercial kitchen, two bars, pub dining, and two event floors are also in place. Brewing, kitchen, and bar equipment is included in the sale.
At 301-309 W 3rd Street in downtown Williamsport, the property occupies the corner of W. Third and Hepburn Streets. It has approximately 19 on-site parking spaces, a public parking lot across the street, and quick access to I-180. Rooftop bar plans approved by the city convey, and structural steel for the project is installed.
At 301-309 W 3rd Street in downtown Williamsport, the property occupies the corner of W. Third and Hepburn Streets. It has approximately 19 on-site parking spaces, a public parking lot across the street, and quick access to I-180. Rooftop bar plans approved by the city convey, and structural steel for the project is installed.
Key Highlights
- 26,000 SF building renovated in 2024
- 15 BBL brewhouse with fermenters, brite tanks, and canning line
- Four elevator‑served floors, renovated basement, and two floors of event space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$335,205
Cap Rate
8.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,704,100
$6.7M
Cap Rate 7%
$4,788,643
$4.8M
Cap Rate 9%
$3,724,500
$3.7M
Market Conditions
NOI Build-Up for 26,000 SF
Gross rent
$468.0K $18.00/SF
− Vacancy
−$21.1K −$0.81/SF
EGI
$446.9K $17.19/SF
− OpEx
−$111.7K −$4.30/SF
NOI
$335.2K $12.89/SF
Area
Lycoming County, PA
Vacancy
4.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,704,100
Cap Rate 7%
$4,788,643
Cap Rate 9%
$3,724,500
Alternative Uses
Best Use
Specialty Retail
$4.79M
$4.19M – $5.59M
NOI $335,205 @ 7.0% cap · market cap 8.49%
Second Best
Mixed Use
$3.76M
$3.29M – $4.39M
NOI $263,250 @ 7.0% cap · market cap 6.66%
Theoretical Best
Office A
$5.60M
$4.90M – $6.54M
NOI $392,221 @ 7.0% cap · market cap 9.93%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,674
Businesses Nearby
Explore this area
Business Placement
Demographics for 17701, PA
43,197
Population
20,891
Households
2.1
Avg Household Size
38
Median Age
28%
College-Educated
91%
High-School Grad
98.0 sq mi
ZIP Area
441
Density / Sq Mi
$52,770
Median Household Income
$33,643
Median Earnings
$869
Median Rent
$176,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Brewery - A commercial kitchen, two bars, and brewing equipment support food, beverage, and event operations under one roof.
Where is this brewery located?
The property is located at 301-309 W 3RD STREET Williamsport, PA.
What is the asking price?
The asking price for this property is $3,950,000.
What are key features of this property?
This property features: 26,000 SF building renovated in 2024; 15 BBL brewhouse with fermenters, brite tanks, and canning line; Four elevator‑served floors, renovated basement, and two floors of event space
