Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Montoursville Corner Commercial Opportunity Title is generated by Realmo AI

    55 Pierce Ln, Montoursville, PA 17754

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    3.4 acre corner lot with redevelopment potential.

    Type:Land
    Property size:
    21,942 SF
    Lot size:
    3.40 Acres
    Price / SF:
    $88/SF
    Added:
    Oct 29, 2024
    Days on Market:
    579
    Last Refresh:
    May 13 at 8:27 pm

    Property Features for 55 Pierce Ln

    General Information

    Standard status
    Active
    Size
    21,942 SF
    Lot size
    3.40 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Luke Higgins

    Listing agent Luke Higgins License #PA RS369238

    Listing office Bennett Williams Commercial

    Listing date Oct 29, 2024

    Source Crexi

    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 Bennett Williams Commercial

    HighLights

    • Prime corner location on a signalized intersection.
    • High traffic volume with easy access to I‑180.
    • Redevelopment opportunity or multi‑tenant investment property with existing 21,942 rentable sf.
    • Located on 3.4 acres.
    • Close proximity to Williamsport Regional Airport.
    • Strong local economy with major employers.

    Overview

    This 3.4-acre corner lot on Fairfield Drive and Lycoming Mall Drive in Montoursville presents a commercial opportunity. Situated on a signalized corner between Montoursville and Muncy, the site is suitable for redevelopment or as a multi-tenant investment property. Currently, the property includes five commercial buildings and two residential buildings, totaling 21,942 rentable square feet. The location is on the signalized corner of Fairfield Road, with 5,869 vehicles per day (VPD), and Lycoming Mall Drive, with 6,283 VPD. Lycoming Mall Drive extends from Muncy, through Montoursville, before joining I-180, a major thoroughfare in North Central PA, with 28,000 VPD. The Williamsport Regional Airport is located 3 miles away. Lycoming County has a population of 113,605 people in 47,022 homes, with a median household income of $60,494. Pennsylvania College of Technology and UPMC are among the largest employers in the area. Lycoming County hosts the Little League World Series, Lycoming College, and Pennsylvania College of Technology. The Little League World Series has over 40,000 attendees, while Lycoming College and Penn College have a combined student population of over 6,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Montoursville
    County
    Lycoming
    State
    Pennsylvania
    Longitude
    -76.894028
    Latitude
    41.246246

    Nearby Similar for Sale

    • $1,500,000
      11,700 SF

      Montoursville Commercial Investment Opportunity

      Fully occupied commercial property with credit tenant in Montoursville, PA.
      1601 Sycamore Road, Montoursville, PA 17754
      View Details
    • $535,000

      26.87 Acres in Montoursville, PA

      26.87 acres for dream home in Montoursville, PA.
      PARCEL 112 TALLMAN HOLLOW Road, Montoursville, PA 17754
      View Details
    • $136,900

      6.08 Acre Wooded Residential Lot

      Residential land for sale in Montoursville, PA.
      PARCEL 112 TALLMAN HOLLOW Road lot: #3, Montoursville, PA 17754
      View Details
    • $136,900

      6.99 Acre Wooded Residential Lot

      6.99 acre wooded lot for dream home construction.
      PARCEL 112 TALLMAN HOLLOW Road lot: #5, Montoursville, PA 17754
      View Details
    • $137,900

      6.95 Acre Wooded Residential Lot

      Residential land for sale in Montoursville, PA.
      PARCEL 112 TALLMAN HOLLOW Road lot: #4, Montoursville, PA 17754
      View Details
    • $136,900

      5.89 Acre Wooded Residential Lot

      Residential land for sale in Montoursville, PA.
      PARCEL 112 TALLMAN HOLLOW Road lot: #2, Montoursville, PA 17754
      View Details
    • $4,200,000
      29,970 SF

      Montoursville Commercial Building For Sale

      Class A building with retail, office, and warehouse space.
      635 N Loyalsock Ave, Montoursville, PA 17754
      View Details
    • $1,290,000
      10,000 SF

      Loyalsock Township Office Building

      Two-story office building in Loyalsock Township with long-term tenant.
      1601 Sycamore Road, Montoursville, PA 17754,
      View Details
    • Contact for pricing
      38,593 SF

      Montoursville Commercial Space Available

      Former medical space suitable for retail, industrial, office, hospitality.
      780 Broad St, Montoursville, PA 17754
      View Details
    • $995,000
      6,000 SF

      Montoursville Industrial Building with Yard

      6,000 SF industrial building with fenced yard near interstate.
      280 Reading Lane, Montoursville, PA 17754,
      View Details
    • $87,000

      Wooded Land in Montoursville, PA

      11.5 acre wooded property perfect for building a dream home.
      SAND HILL Road, Montoursville, PA 17754
      View Details
    • $4,200,000
      29,970 SF

      Mixed-Use Building with Retail, Office, Warehouse

      Class A building offering retail, office, and warehouse space.
      635 N LOYALSOCK Avenue, Montoursville, PA 17754
      View Details

    FAQs

    What type of property is this?
    Commercial land - 3.4 acre corner lot with redevelopment potential.
    Where is this commercial land located?
    The property is located at 55 Pierce Ln Montoursville, PA.
    What is the asking price?
    The asking price for this property is $1,950,000.
    What are key features of this property?
    This property features: Prime corner location on a signalized intersection.; High traffic volume with easy access to I‑180.; Redevelopment opportunity or multi‑tenant investment property with existing 21,942 rentable sf.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Luke Higgins
    Real Estate License ID: PA RS369238
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    55 Pierce Ln, Montoursville, PA 17754
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!