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2186-2190 State Route 54
Montgomery, PA 17752
Montgomery, PA Neighborhood Retail Center · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Freestanding
Building Size
15,000 SF
Building Class
C
Year Built
1968
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.13
Lot Size
2.56 AC
Zoning
CC - Commercial Combination
Parking
60 Spaces (4 Spaces per 1,000 SF Leased)
Frontage
130’ on Pa-54 Hwy

AMENITIES

  • Banking
  • Pylon Sign
  • Drive Thru

ABOUT 2186-2190 STATE ROUTE 54 , MONTGOMERY, PA 17752

• Double Net (NN) Investment | Multi-tenant NN with tenants fully responsible for taxes, insurance, interior maintenance, and reimbursement of common area maintenance providing the landlord with a low maintenance asset. • Established, Solid Regional Tenants | Weis Markets, Inc. (NYSE:WMK) is a food retailer in the Mid-Atlantic US with 198 stores with over 108 years in business $3.467 billion in revenue FY’17. Muncy Bank & Trust Company is a local financial institution over 127 years in business and 8 locations. • Future Growth Potential | Muncy Bank & Trust Company provides an increase in rent after the third year of the Lease with three (3) 5 year options, providing the landlord with positive rent growth and a hedge against inflation. • Recent Building Upgrades and Renovations | This asset was built in the 1950s, however, it has a new roof, $250,000 in exterior renovations and upgrades, new HVAC, new parking lot and new landscaping. Muncy Bank & Trust Company recently renovated their interior space prior to Lease commencement. • Great Site-Level Visibility | Positioned along the main thoroughfare in town, Route 54, this property has visibility from up to 5,000 vehicles per day. This site is also next door to a new Dollar General. • Recession Resistant Guarantor | Both tenants are competitive, long standing servicers of the region.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
07-392.0-0225.00-000
Land Assessment
$62,210
Improvements Assessment
$424,960
Total Assessment
$487,170
  • Listing ID: 18965198

  • Date on Market: 3/24/2020

  • Last Updated:

  • Address: 2186-2190 State Route 54, Montgomery, PA 17752

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