USAPADuncansvilleOther117 Olde Farm Office Rd

117 Olde Farm Office Rd, Duncansville, PA

House

For Sale

Listed price in listed location currency (USD).

$1,795,000

000

MLS® 80440

Overview

Key Facts

Type Office

Levels Commercial Sale

Size 17855 sqft

Garage

Taxes $20,081

Days Active 92

Lot Size 1.7 Acres

Approx. Age 1790

Avg. Price Per Sqft $100

MLS® Number 80440

Property Address: 117 Olde Farm Office Rd, Duncansville, PA, 16635-9457

Average square foot calculated using Size range provided by listing agent.

Description

Investment opportunity along the Route 22 corridor in Duncansville. The Olde Farm Office Centre is a 100% occupied, two-building professional office campus generating approximately $297, 000 in gross scheduled income and approximately $177, 000 in 2025 NOI before financing. At the current asking price, the in-place income represents an approximate 9.9% cap rate. The property benefits from a stable, long-tenured tenant base, including anchor tenant Lehman Engineers, which has occupied the property for more than 40 years, along with established and growing professional tenants. The property consists of approximately 17, 855 square feet in two office buildings situated on 1.7 acres with approximately 60 parking spaces. Originally dating to the late 1700s and expanded in 1989, the campus combines distinctive historic architecture with modern professional office functionality. The buildings have been well maintained while preserving the character that makes the property one of the area's most recognizable commercial settings. Positioned along Route 22 with approximately 13, 000 vehicles per day, the property offers excellent frontage, signage visibility and convenient access to Route 220, Interstate 99, Altoona and Hollidaysburg. The offering provides an attractive stabilized investment opportunity for a passive investor while also presenting potential for an owner-user seeking to occupy a portion of the property. Historic character, strong in-place income, established tenancy and a highly visible location combine to create a distinctive commercial investment opportunity.

MLS® Number80440

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1790

BasementFull, Finished

Driveway

Garage Spaces

HeatNatural Gas, Forced Air

A/CCentral Air

Extras

Map

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