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Property profile & analytics
OFF-MARKET Estimated value $5,595,000
Investment properties

224 Logan Blvd Burnham, PA 17009-1850

496,040 SF 22.09 ac lot
Individually Owned 6-yr Hold Absentee Owner Free & Clear
Property ID
US73-4951115
Property summary
AI-generated overview

This exceptional retail opportunity presents two available spaces within the thriving Greater Lewistown Plaza, a 170,486-square-foot shopping center situated on a 22-acre lot in Burnham Borough, Mifflin County, Pennsylvania. The property boasts a strong tenant mix, including national and regional anchors such as Weis Markets, Dunham's Sporting Goods, JCPenney, and Goodwill, ensuring high foot traffic and visibility. Two outparcels are also available, offering additional development potential. The center is strategically located on North Logan Boulevard, less than one mile from the Burnham exit of US Routes 22-322, providing convenient access for customers. Its proximity to State College (30 miles) and Harrisburg (60 miles) further enhances its appeal. The property is classified as Class B and zoned for general commercial use. The available spaces range from 975 to 1,800 square feet, making them ideal for a variety of retail businesses. Mifflin County's population of 46,585, with a median household income of $42,019, presents a solid consumer base. The property's excellent visibility from North Logan Boulevard and its strong anchor tenants make it an attractive investment opportunity. The 12,636 square feet of vacant space presents a unique chance to establish a presence in a well-established and successful retail center. This is a rare opportunity to secure retail space in a high-traffic location with strong existing tenants.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Total area 496,040 SF
Lot 22.09 ac (962,240 SF)
APN 16 ,04-0105P-,000
UPID US73-4951115
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Weis Pharmacy Pharmacy
  • Dorothy Lisle Physician
  • Geisinger ConvenientCare Lewistown Medical Clinic
  • Mandy Tipton Physician
  • Coinstar Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$5.60M
Owner & transaction history
Msci 2006 Jq11 Logan Blvd · 6 yrs held
Msci 2006 Jq11 Logan Blvd
since 2019
1 recorded transaction
2019
$11.0M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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