Flex Space Investment
For Sale
$395,000
428 E 3RD ST., Williamsport, PA 17701
Flex space leased on a triple net basis through May 31, 2030 in Williamsport.
Property Size2,370 SF
Price / SF$166.67
Days on Market114
Property Features for 428 E 3RD ST.
General Information
Standard status
Active
Size
2,370 SF
Property subtype
Commercial
Additional Details
Gross Income
$26,100
Building Details
Year Built
1971
Listing Agency:
Keller Williams Elite
(717) 367-2400
Listed By:
John H Smith · License #RS120032A
(717) 471-9444
Source:
Cummingsrealtors
Added: Jul 13
Changed: Nov 3
Last Checked: Nov 3 at 7:58AM
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 Keller Williams Elite
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Investment Insights
Based on property information with market context.
This well-maintained flex space investment property is leased on a triple net basis. The lease is in place through May 31, 2030.
The property is located at 428 E 3rd St in Williamsport, Pennsylvania. Additional investment properties are also available in Wellsboro and Hazleton, with the option to purchase all three as a portfolio.
The property is located at 428 E 3rd St in Williamsport, Pennsylvania. Additional investment properties are also available in Wellsboro and Hazleton, with the option to purchase all three as a portfolio.
Key Highlights
- Leased on a triple net basis
- Lease runs through May 31, 2030
- Well‑maintained investment property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,578
Cap Rate
4.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$331,560
$331.6K
Cap Rate 7%
$236,829
$236.8K
Cap Rate 9%
$184,200
$184.2K
Market Conditions
NOI Build-Up for 2,370 SF
Gross rent
$27.0K $11.40/SF
− Vacancy
−$1.5K −$0.64/SF
EGI
$25.5K $10.76/SF
− OpEx
−$8.9K −$3.77/SF
NOI
$16.6K $7.00/SF
Area
Lycoming County, PA
Vacancy
5.60%
Lease Rate
$11.40 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$331,560
Cap Rate 7%
$236,829
Cap Rate 9%
$184,200
Alternative Uses
Best Use
Flex RnD
$236.8K
$207.2K – $276.3K
NOI $16,578 @ 7.0% cap · market cap 4.20%
Second Best
Industrial
$197.6K
$172.9K – $230.5K
NOI $13,829 @ 7.0% cap · market cap 3.50%
Theoretical Best
Office A
$510.7K
$446.9K – $595.9K
NOI $35,752 @ 7.0% cap · market cap 9.05%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,642
Businesses Nearby
Balanced
Demand for This Use
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
Similar Off Market Nearby
- 222 Bridge Bar + Kitchen — 222 S Market St, South Williamsport, PA 17702
- Wegmans Catering — 201 William St, Williamsport, PA 17701
- Chef Hosch and Ann Catering — 414 Walnut St, Williamsport, PA 17701
Frequently Asked Questions
What type of property is this?
Flex space - Flex space leased on a triple net basis through May 31, 2030 in Williamsport.
Where is this flex space located?
The property is located at 428 E 3RD ST. Williamsport, PA.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Leased on a triple net basis; Lease runs through May 31, 2030; Well‑maintained investment property
