Property profile

2502 3rd St Williamsport, PA 17701

OFF-MARKET
Banks
Property ID
US73-4806518
6,096 SF 1.24 ac lot Built 1992
Individually Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 6,200 square foot vacant retail building presents a unique investment opportunity in Williamsport, Pennsylvania. Located at 2502 E 3rd St, this property sits on a 1.24-acre lot and boasts a highly desirable location directly adjacent to a top-performing Aldi grocery store (within the top 10% nationally). Built in 1992, the building is zoned COM P and offers versatile space suitable for a variety of uses, including convenience store, restaurant, or medical office, as indicated by its previous uses. The property is currently vacant, providing a blank canvas for a new tenant or owner-operator. The surrounding area demonstrates strong economic indicators, with a robust population base of over 54,000 residents within a 5-mile radius and an average household income exceeding $69,000. Further bolstering the area's appeal is the presence of two prominent colleges, Pennsylvania College of Technology (4,500+ students) and Lycoming College (1,000+ students), both within 3 miles. Major employers such as Susquehanna Health and Aramark also contribute to the area's economic vitality. Consumer spending is projected to increase by 9% in the next five years, indicating a promising outlook for future growth and profitability. The asking price for this prime retail space is $2,300,000. This property offers significant potential for investors seeking a strong return in a thriving market.

Property profile

Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1992
Total area 6,096 SF
Lot 1.24 ac (54,014 SF)
APN 26+,005.0-0322.00-000+
UPID US73-4806518

Cap rate & NOI

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

Location

2502 3rd St Williamsport, PA 17701-4074
Williamsport metro Census 11100 WILLIAMSPORT, PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.91M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.91M

Owner & transaction history

since 2025
Last sale
$2.2M
4 recorded transactions
2025
$2.2M
2023
$1.5M
2011
Price N/A
2008
$2.2M

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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