Property profile

55 Pierce Ln Montoursville, PA 17754

FOR SALE
Commercial land
Property ID
US73-3846755
Entity Owned 8-yr Hold
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Property summary

AI-generated overview

Prime corner for sale/lease on 3.4 acres on Fairfield Dr. and Lycoming Mall Dr, Montoursville. The lot is on a signalized corner between Montoursville and Muncy. It's an ideal redevelopment opportunity or assume a multi-tenant investment property. The site currently consists of 5 commercial buildings and 2 residential buildings with a total of 21,942 rentable sf. Sale price is $2,100,000 or land lease price is negotiable. Contact us for more details at 717-843-5555. The property is on the signalized corner of Fairfield Rd (5,869 VPD) & Lycoming Mall Drive (6,283 VPD) extends from Muncy, thorough Montoursville before joining I-180 (28,000 VPD), a major throughfare in North Central PA. The Williamsport Regional Airport is only 3 miles away. There are 113,605 people in 47,022 homes with a median household income of $60,494 in Lycoming County. The Williamsport Regional Airport is only 3 miles away. Pennsylvania College of Technology and UPMC are some of the largest employers in the area. Lycoming County is home to the Little League World Series as well as Lycoming College and Pennsylvania College of Technology. The LLWS has had over 40,000 attendees while Lycoming College and Penn College are home to over 6,000 students combined.

Property profile

Verified
Property type Commercial land
UPID US73-3846755

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

55 Pierce Ln Montoursville, PA 17754
Montoursville metro
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Value estimations

Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

since 2018
2 recorded transactions
2018
Price N/A
2018
$900,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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