Property summary
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
VerifiedCap rate & NOI
Current use
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Furniture & Home Goods
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(Bike/Boat/Book/etc) Store Home Decor Store
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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