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121 E MAIN STREET, Lock Haven, PA 17745

$229,000
Property Type: Commercial Sales Baths: 12 Square Footage: 23,554 Lot Size (sq. ft.): 6 Status: Active
Current Price: $229,000 List Date: 2/01/2025 Last Modified: 5/13/2025

Description

Call Larry Ross to tour at 570-506-6652. Over 23,000 sf of mixed use in the heart of downtown, large retail (former gym) on ground floor, part of second, part of third, plus nine gutted apartments. 2nd and 3rd floor have room to add five more apartments for a total of 14. Great potential - keep ground floor for hard-to-find Main St retail space (true!), room for six spaces, including two with street windows, and develop all three upper floors for apartments. Concrete post and beam, concrete floors, so good clear span spaces. Lighted walkway alongside building to large city parking lot behind on Water Street. Severe fixer upper, so bring deep pocketed investor or contractor with good bank relationship. Potential 12% cap rate at $1.3M finished??

More Information MLS# WB-100797

Contract Information

Auction: No Listing Contract Date: 2025-01-30 Status: Active List Price: $229,000 Current Price: $229,000 Assessed Valuation: 250000 Listing Service: Full Service

General Property Description

Apx Total Fin SqFt: 23554 SqFt Retail: 5600 SqFt Apartment: 11232 Year Built: 1901 Lot Size Acres: 16 Lot SqFt: 6,970 Stories: 4 Bathrooms Total: 12 Living Space: No

LocationTax and Other Information

House #: 121 Street Direction Pfx: E Street Name: MAIN Street Suffix: STREET County: Clinton State: PA Postal Code: 17745 MLS Area: CLINTON COUNTY Zoning: C201 Subdivision Name: None Tax ID: 20-9825-26 Geo Lat: 41.137394 Geo Lon: -77.444973

Basement

Basement Access: Walk Up

Details

Property Assoc.: No Under Construction: No

Annual Income and Expenses

Inc - Rent:RE: 175200

Land Use

Leased Lot: No

Showings

Media Permission: No

Property Features

Access: City Street Characteristics: Corner Lot; Sidewalks Construction: Brick; Post & Beam; See Remarks Cooling: None Documents on File: Tax Card Electrical Service: 151-399 amps Exterior Finish: Brick Features: Ceiling 12-15 ft Financing Considered: Cash; Conventional; Seller 2nd Mortgage Floors: Concrete Foundation: Pillar/Post/Pier Garage Type: None Heating Type: See Remarks Heating Fuel: Natural Gas Roof Type: Flat Sale Includes: Building; Land Sewer: Public Sewer Specialty Rooms: Locker Room Type: Commercial with Apts; Mixed; Recreation Facility; Retail Water Source: Public
Listing Office: Ross & Rockwell
Office Phone: 907-727-2227
Listing Agent: Lawrence Ross
Last Updated: May - 13 - 2025
All information deemed reliable, though not guaranteed. All measurements are approximate.