920 Washington BlvdWilliamsport, PA 17701

Property Details for 920 Washington Blvd

Year built

2007

Lot size

0.58 AC

Property size (Sq ft)

7,384 SF

Zone code

COMM

Property type

Specialty properties

Property subtype

Other specialty properties

APN

61+,004.0-0406.00-000+

APU

610040040600000

Description

This exceptional investment opportunity presents a 7,384 square foot retail property in Williamsport, Pennsylvania, currently leased to NVA Golden Strip Veterinary Management, LLC, the nation's largest Veterinary Service Organization (VSO). The property boasts a 15-year net lease (commencing June 26, 2022, expiring June 25, 2037), offering a substantial remaining lease term of 13 years. The lease includes built-in rent increases of 10% in 2027 and 2032, providing excellent protection against inflation. The property features a 6.50% cap rate and a strong net operating income (NOI) of $99,684, with a price per square foot of $207.69. Built in 2007 and renovated in 2022, this single-tenant property sits on a 0.58-acre lot and includes 30 parking spaces. Located at 920 Washington Blvd, Williamsport, PA 17701, the property benefits from a prime location within a community of over 58,000 people within a 5-mile radius. The property is zoned C and enjoys 100% occupancy. This is a rare opportunity to acquire a stable, high-performing asset within a growing market, anchored by a financially robust and reputable national tenant. The Williamsport Animal Hospital is the only VSO-operated facility among only three veterinary clinics in the area. NVA's commitment to a doctor-centric approach ensures the long-term success of this valuable asset.

• Alternative Use

  Use

  Valuation

  Residential

  $1,364,831

  Hospitality

  $1,250,178

  Educational

  $1,040,133

  Medical

  $1,075,905

  Retail

  $1,617,985

Location Insight

City

Williamsport

County

Lycoming

State

Pennsylvania

Latitude

41.2482

Longitude

-76.9862

CBSA code

48700

CBSA name

WILLIAMSPORT, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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