Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Lycoming Mall Dr Montoursville, PA 17754

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    1-20 acre parcel for sale or lease in Montoursville, PA.

    Type:Land
    Lot size:
    20.00 Acres
    Added:
    May 23, 2024
    Days on Market:
    698
    Last Refresh:
    Mar 17 at 1:20 pm

    Property Features for Lycoming Mall Dr

    General Information

    Standard status
    Active
    Lot size
    20.00 Acres
    Property subtype
    Land

    Spaces For Lease

    at Lycoming Mall Dr Contact us

    We can help!

    Listing Contact
    Luke Higgins

    Listing agent Luke Higgins License #PA RS369238

    Listing office Bennett Williams Commercial

    Listing date May 23, 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

    Overview

    Land Parcel on Lycoming Mall

    A 1 to 20-acre parcel is available for sale or lease along Lycoming Mall Drive in Montoursville, PA, situated between Montoursville and Muncy. The location is approximately 2.5 miles from the Lycoming Crossing Shopping Center and 3 miles from Williamsport’s Golden Strip. The surrounding area includes retailers, industrial warehouses, and residential developments. Lycoming Mall Drive, with a traffic volume of 6,283 vehicles per day, connects Muncy through Montoursville before merging with Route 220. The Williamsport Regional Airport is located 3 miles away. Lycoming County has a population of 113,605 people residing in 47,022 homes, with a median household income of $60,494. Major employers in the area include Pennsylvania College of Technology and UPMC. Lycoming County hosts the Little League World Series, which attracts over 40,000 attendees, and is home to Lycoming College and Pennsylvania College of Technology, with a combined student population exceeding 6,000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Montoursville
    County
    Lycoming
    State
    Pennsylvania
    Longitude
    -76.867818
    Latitude
    41.244173

    Nearby Similar for Lease

    • $22/mo

      Montoursville Retail/Office Space Available

      Retail/office space in Montoursville with great visibility and parking.
      245 Broad Street, Montoursville, PA 17754
      View Details
    • $1.00/mo

      Montoursville Commercial Space Available

      Retail, office, and warehouse spaces for lease in Montoursville.
      635 N Loyalsock Avenue, Montoursville, PA 17754
      View Details
    • $13/mo

      Montoursville Office Space For Lease

      2,350 SF office space in well-maintained building with parking.
      30 Choate Circle, Montoursville, PA 17754
      View Details
    • Contact for pricing

      Commercial Warehouse Near I-180

      5,400 SF warehouse with convenient highway access.
      270 Brushy Ridge Rd., Montoursville, PA 17754
      View Details
    • Contact for pricing

      Prime Corner Redevelopment Opportunity

      3.4-acre corner lot suitable for redevelopment or investment.
      55 Pierce Ln, Montoursville, PA 17754
      View Details
    • Contact for pricing

      Montoursville Office Space Available

      2,350 SF office space suitable for professional or medical use.
      30 Choate Cir, Montoursville, PA 17754
      View Details
    • Contact for pricing

      12.55 Acres Commercial Development Site

      Approved commercial, residential, office, and hospitality development site.
      185 Brushy Ridge Rd, Montoursville, PA 17754
      View Details
    • Contact for pricing

      Brushy Ridge Road Commercial Land

      1.7-acre parcel suitable for industrial or commercial use.
      250 Brushy Ridge Rd, Montoursville, PA 17754
      View Details

    FAQs

    What type of property is this?
    Commercial land - 1-20 acre parcel for sale or lease in Montoursville, PA.
    Where is this commercial land located?
    The property is located at Lycoming Mall Dr Montoursville, PA.
    What are key features of this property?
    This property features: Prime location between Montoursville and Muncy, near Lycoming Crossing Shopping Center and Williamsport's Golden Strip.; High traffic volume on Lycoming Mall Drive (6,283 VPD).; Proximity to Williamsport Regional Airport (3 miles).
    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
    Learn More
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!