300-360 W Main St - Storefront FOR SALE


Middletown, PA 17057
$7,800,000 USD
800-722-1990
300-360 W Main St, Middletown, PA for Sale
$7,800,000 USD
Storefront - FOR SALE
1/7
null | 6.89% Cap Rate

300-360 W Main St
Middletown, PA 17057


HIGHLIGHTS

  • Features a strong national, regional, and local tenant mix
  • Full renovations completed recently including, exterior facade, parking lot repaving, roof & HVAC.
  • Substantial upside - many tenants experiencing a rent rate increase in the next 14-20 months
  • Located adjacent to Penn State Harrisburg Campus, off campus student housing, and Amtrak Middletown Station

OVERVIEW

Landmark Commercial Real Estate is pleased to present the Westporte Centre. This ± 45,000 SF regional shopping center has recently undergone significant renovations, positioning it as a solid asset for investors. Improvements include a new state-of-the-art façade, upgraded parking facilities, and HVAC units throughout. The potential for expansion further adds to its value, offering investors a versatile asset that aligns with midstate market demands. Over the next 14 to 20 months, the property is poised for substantial upside, driven by scheduled increases in rental rates and additional opportunities for rate adjustments, making it an attractive prospect for those seeking a sound and potentially lucrative investment.

FOR SALE DETAILS

PRICE

$7,800,000 USD

PRICE/SF

$158 USD /SF

CAP RATE

6.89%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1972

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

9.18 AC

LAND SF

399,881 SF

ZONING

C-1 Commercial

APN/PARCEL ID

41-001-008

ASK ABOUT THIS PROPERTY

Thomas PosavecLandmark Commercial RealtyMore Info
800-722-1990

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Thomas PosavecLandmark Commercial RealtyMore Info
800-722-1990

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.