160 Montgomery St Hollidaysburg, PA 16648

Property Details for 160 Montgomery St

Lot size

0.77 lot acres

Property size

13,368 SF

Property type

Office Properties & Spaces

Property subtype

Medical offices

Description

This exceptional 13,368 square foot medical office building, located at 160 S Montgomery St in Hollidaysburg, Pennsylvania, presents a compelling investment opportunity for owner-users or investors. The Class C property, built in 1990 and renovated that same year, boasts a 95% occupancy rate with four long-term tenants, including a chiropractor. The building features six units, situated on a 0.77-acre lot, and includes 38 parking spaces. The property offers a gross lease structure with a strong net operating income (NOI) of $100,750, translating to a 9.60% cap rate. The asking price is $1,050,000, or $78.55 per square foot. Amenities include two common area conference rooms, a reception area, kitchenette, an executive suite, walk-up attic storage, and climate-controlled storage lockers. The property is zoned for industrial use and offers a convenient location within the Hollidaysburg borough. Financial details are available upon request. This multi-tenant building provides a stable income stream and significant potential for future growth. The property is situated in Blair County, PA, zip code 16648.