Applegate Recovery | 1101 E 3rd St
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Applegate Recovery 1101 E 3rd St
2,863 SF Office Building Williamsport, PA 17701 $440,000 ($154/SF) 8.38% Cap Rate
Investment Highlights
- Applegate Recovery Services have exercised their second of three 3-year lease options on 6/15/23.
- The building is situated at the corner of East 3rd Street and Sherman Street.
- Close to the West Branch Susquehanna River, and Lycoming College.
- Tenants reimburse owner for all expenses except real estate taxes.
- The building is located nearby major roadways such as the Susquehanna Beltway.
- The city is located 131 miles from Philadelphia, 166 miles from Pittsburgh, and 85 miles from Harrisburg.
Executive Summary
Nestled in downtown Williamsport, Lycoming County in northern central Pennsylvania, this one-Story building is used as a Single Tenant Medical Office. The building is situated at the corner of East 3rd Street and Sherman Street, with a rear parking lot for 8 vehicles, having an entrance on Sherman Street . The roof of the building is pitched and shingled. The building is located nearby major roadways such as the Susquehanna Beltway (Rte180/220) and close to the West Branch Susquehanna River, and Lycoming College.
Data Room Click Here to Access
Financial Summary (Actual - 2022) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2022) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
2,863 SF
Building Class
B
Year Built
1901
Price
$440,000
Price Per SF
$154
Cap Rate
8.38%
NOI
$36,883
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
1,432 SF
Building FAR
0.51
Lot Size
0.13 AC
Opportunity Zone
Yes
Zoning
COM P - Commercial Office
Parking
8 Spaces (2.79 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Family Recovery Solutions
- Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Family Recovery Solutions | Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
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PROPERTY TAXES
| Parcel Number | 61-004.0-0104.00-000 | Improvements Assessment | $61,770 (2024) |
| Land Assessment | $5,390 (2024) | Total Assessment | $67,160 (2024) |
PROPERTY TAXES
Parcel Number
61-004.0-0104.00-000
Land Assessment
$5,390 (2024)
Improvements Assessment
$61,770 (2024)
Total Assessment
$67,160 (2024)
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Applegate Recovery | 1101 E 3rd St
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