1830 3rd St Williamsport, PA 17701

Property Details for 1830 3rd St

Year built

1964

Lot size

0.40 lot acres

Property size

1,540 SF

Zone code

COMM

Property type

Commercial real estate

APN

26+,010.0-0115.00-000+

APU

260100011500000

Description

This 1,200 sq ft auto shop in Williamsport, PA, presents a compelling investment opportunity. Located on a 0.4-acre lot at 1830 E 3rd St, this newly constructed (2024) property boasts a 15-year NNN lease with Take 5 Oil Change, a national tenant with over 800 locations. The lease includes 10% rental increases every five years, providing built-in inflation protection and significant NOI growth. The property features 7.5 parking spaces per 1,000 sq ft and benefits from a strong demographic profile, including over 58,000 residents within a 5-mile radius and an average household income of $70,815. Its prime location along a major retail corridor, shadow-anchored by T.J. Maxx Plaza and near Loyal Plaza (Giant, Hobby Lobby, Staples, Planet Fitness), ensures high visibility and consistent traffic. The proximity to Pennsylvania College of Technology and Lycoming College, along with UPMC Williamsport Hospital, further enhances the property's appeal. The property is zoned Commercial - Retail and offers a 6.50% cap rate with a current occupancy of 100%. The asking price is $2,306,154, translating to $1,921.79 per square foot. This is a truly management-free investment opportunity with zero landlord responsibilities, as the tenant covers all CAM, taxes, and insurance. The ground lease has 15 years remaining. This is an exceptional opportunity for passive investors seeking strong returns and long-term stability.

Location Insight

City

Williamsport

County

Lycoming

State

Pennsylvania

Longitude

-76.9669

Latitude

41.2491

CBSA code

48700

CBSA name

WILLIAMSPORT, PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments