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Property profile

415 3Rd St Williamsport, PA 17701

OFF-MARKET
Warehouses
60,000 SF 0.91 ac lot Built 1928

Property summary

AI-generated overview

This exceptional investment opportunity presents a 60,000-square-foot Class A industrial flex warehouse in Williamsport, Pennsylvania. The property, situated on a 0.91-acre lot at 415 W 3rd St, boasts a prime location less than one mile from I-180 and US-15, offering easy access to major transportation routes. The building, constructed in 1928 and featuring three stories, is currently 100% occupied by SupplySource, the largest contract office furniture supplier in Pennsylvania, under a new 10-year absolute NNN lease with 3% annual rent bumps and three five-year renewal options. The lease provides predictable cash flow and minimal landlord responsibilities. The property includes two loading docks, fourteen parking spaces, and a substantial 8,000-square-foot premium office build-out. With a current NOI of $320,000 and a pro-forma NOI of $329,600, the property offers a compelling 7.62% cap rate and a pro-forma cap rate of 7.85%. The asking price is $4,200,000, translating to $70 per square foot. The property is zoned 4 COC. This single-tenant, sale-leaseback investment provides a secure and attractive return for investors seeking a stable, long-term income stream in a strategically located Pennsylvania market. The tenant's commitment is further evidenced by recent significant improvements to the property. The property's proximity to Wilkes-Barre, Harrisburg, and Philadelphia enhances its long-term value and appeal.

Property profile

Verified
Property type Warehouses
Year built 1928
Total area 60,000 SF
Lot 0.91 ac (39,640 SF)

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Furniture & Home Goods
  • (Bike/Boat/Book/etc) Store Home Decor Store

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

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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