Property profile

230 High St Waterford, PA 16441

OFF-MARKET
Grocery and convenience stores
Property ID
US73-4120228
21,083 SF 6.01 ac lot Built 1972
Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional investment opportunity presents a 21,083-square-foot grocery store located at 230 High St, Waterford, PA 16441. The property, situated on a 6.011-acre lot, is currently 100% occupied by a TOPS Market operating under an Absolute NNN lease. The lease expires December 30, 2025, with two five-year extension options available, extending the lease through 2035. The asking price is $1,700,000, translating to $80.63 per square foot. Built in 1972, the single-building property is zoned B-1 and features a strong tenant in TOPS Market, recently merged with Price Chopper, solidifying its position as a major regional player. The tenant is responsible for all property taxes, insurance, and common area maintenance, including the parking lot and roof, minimizing the owner's operational responsibilities. This is a true NNN lease offering a passive income stream with significant long-term potential. The property's APN is 46-009-067.0-009.00. This is a rare opportunity to acquire a well-established, high-performing grocery store investment in a desirable location. The remaining lease term is approximately 1.1 years.

Property profile

Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 1972
Construction FRAME
Total area 21,083 SF
Lot 6.01 ac (261,839 SF)
Zoning code T
APN 46-009-067.0-009.00
UPID US73-4120228

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Specialty Food Shop Supermarket
  • Big Box & Wholesale Store
  • Atm Currency Exchange Service
  • Atm
  • Bank Credit Union

Location

230 High St Waterford, PA 16441
Waterford metro Census 12100 ERIE, PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.37M
Blend (final) Blend
$370k

Owner & transaction history

since 2023
3 recorded transactions
2023
Price N/A
2005
$600,000
1969
Price N/A

Zoning & alternative use

T · Waterford, PA
Zoning description

istrict Map. § 280-8 Zoning districts. § 280-9 District boundaries. § 280-10 Classification of annexed lands. § 280-11 District regulations. § 280-12 R-1 Residential District. § 280-13 R-2 Residential District. § 280-14…

General category COMMERCIAL
Top alternative use upside
Office building $1.6M +6.1%
Restaurant $1.6M +2.4%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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