Current Use by Public Records
- Warehouses
Property Details for 5828 Us-220
- Year built
- 1946
- Lot size
- 0.90 lot acres
- Property type
- Warehouses
- Property subtype
- Retail properties & Spaces
Description
This exceptional mixed-use property in Linden, Pennsylvania presents a compelling investment opportunity. The 6,229 square foot building, constructed in 2004 (with a 1946 structure incorporated), boasts a diverse income stream. Currently operating as a thriving antique mall with approximately 40 rented vendor spaces, the property also includes two separately rented apartments and a fully equipped commercial kitchen. The existing tack shop is included in the sale. The property sits on a 0.9-acre lot with ample parking for 12 vehicles, and additional parking space could be created in the rear. The building features a large 40' x 80' two-story warehouse space, perfectly suited for its current use or adaptable to other commercial ventures. The property enjoys a 100% occupancy rate, generating a Net Operating Income (NOI) of $67,000, resulting in a 7.49% capitalization rate. The asking price is $895,000, with a price per square foot of $143.68. Located on a high-traffic highway, just 10 minutes from Williamsport, PA, this property offers excellent visibility and accessibility. The seller is willing to include approximately $10,000 worth of tack store inventory, along with years' worth of antique collectibles, jewelry, and other merchandise for an agreed-upon price. The property is zoned for residential and commercial use. The lease terms are month-to-month. This is a rare opportunity to acquire a well-established, income-producing property with significant upside potential.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Linden
- County
- Lycoming
- State
- Pennsylvania
- Longitude
- -77.1472
- Latitude
- 41.2297
