204 Wausau Rd Middleburg, PA 17842
- Retail space
- 0.84 lot acres
Current Use by Public Records
- Retail space
Property Details for 204 Wausau Rd
- Lot size
- 0.84 lot acres
- Property type
- Retail space
- APN
- 10-03-237
- APU
- 1003237
Description
This 12,800-square-foot Family Dollar storefront in Middleburg, Pennsylvania, presents a compelling value-add investment opportunity. Currently operating under a net-net lease with a single tenant, the property boasts a strong 11% cap rate and a substantial $77,000 net operating income (NOI). The existing Family Dollar lease, commencing June 30, 2008, and expiring June 30, 2025, offers a remaining term of approximately six months. The tenant has notified the landlord of their intent not to renew. This provides a unique opportunity for a buyer to secure a year of rent collection while actively seeking a new tenant or pursuing a lease buyout with the existing tenant, who has expressed interest in such an arrangement. The property, built in 2008, is a Class B, single-story building situated on a 0.83-acre lot. An additional 4,000 square feet of basement space, accessible via a separate entrance, offers significant potential for additional income generation through separate leasing. The asking price is $700,000, translating to $54.69 per square foot. The property's location in Middleburg, PA, zip code 17842, at 204 S Wausau Rd, offers excellent visibility and accessibility. This is an ideal opportunity for investors seeking a short-term hold with significant upside potential through lease renegotiation, backfilling, or redevelopment. The property is offered fee simple.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $685,000
- ML approach
- $700,000
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Location Insight
- Map
- Local Demand
- City
- Middleburg
- County
- Snyder
- State
- Pennsylvania
- Longitude
- -77.0439
- Latitude
- 40.7846
- CBSA code
- 42780
- CBSA name
- SELINSGROVE, PA MICROPOLITAN STATISTICAL AREA
