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221 E Market St 8,108 SF 20% Leased Office Building Clearfield, PA 16830 $189,900 ($23.42/SF) 7.82% Cap Rate
INVESTMENT HIGHLIGHTS
- Located in the heart of Clearfield.
- 4 Separate entrances for each tenant.
- Within walking distance to Courthouse.
- 2 Car integral garage.
EXECUTIVE SUMMARY
Great opportunity to obtain a commercial property right in the heart of downtown Clearfield. Property consists of a shared 5-office suite--perfect for those who need an office but want to share some of the costs--, a rented apartment, and a large unfinished 2nd floor space that is limited only by the buyers imagination. Such a great investment won’t last forever. Call for your showing today!
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$16,800
|
$2.07
|
| Other Income |
$50,000
|
$6.17
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$66,800
|
$8.24
|
| Taxes |
$8,717
|
$1.08
|
| Operating Expenses |
$12,188
|
$1.50
|
| Total Expenses |
$20,905
|
$2.58
|
| Net Operating Income |
$45,895
|
$5.66
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $16,800 |
| Annual Per SF | $2.07 |
| Other Income | |
|---|---|
| Annual | $50,000 |
| Annual Per SF | $6.17 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $66,800 |
| Annual Per SF | $8.24 |
| Taxes | |
|---|---|
| Annual | $8,717 |
| Annual Per SF | $1.08 |
| Operating Expenses | |
|---|---|
| Annual | $12,188 |
| Annual Per SF | $1.50 |
| Total Expenses | |
|---|---|
| Annual | $20,905 |
| Annual Per SF | $2.58 |
| Net Operating Income | |
|---|---|
| Annual | $45,895 |
| Annual Per SF | $5.66 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
High Vacancy Property
Property Type
Office
Property Subtype
Building Size
8,108 SF
Building Class
C
Year Built/Renovated
1900/1980
Price
$189,900
Price Per SF
$23.42
Cap Rate
7.82%
NOI
$14,850
Percent Leased
20%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
4,054 SF
Building FAR
0.93
Lot Size
0.20 AC
Opportunity Zone
Yes
Zoning
Commercial - allows for a variety of commercial activities, including retail,offices, restaurants, and other businesses that benefit from a central location
Parking
2 Spaces (0.25 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
1 1
Walk Score®
Very Walkable (70)
PROPERTY TAXES
| Parcel Number | 0041K0821900005 | Total Assessment | $124,550 (2025) |
| Land Assessment | $27,550 (2025) | Annual Taxes | $8,717 ($1.08/SF) |
| Improvements Assessment | $97,000 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
0041K0821900005
Land Assessment
$27,550 (2025)
Improvements Assessment
$97,000 (2025)
Total Assessment
$124,550 (2025)
Annual Taxes
$8,717 ($1.08/SF)
Tax Year
2024
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221 E Market St
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