406 E 2nd St | Oil City, PA 16301
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- LoopNet Team
406 E 2nd St
Oil City, PA 16301
Goodwill + Advance Auto · Retail Property For Sale
Investment Highlights
- Fully Leased, 24,658 SF 2-Tenant Strip Center in Oil City, PA
- Average In-Place Rent of $8.76/SF NNN ($9.25/ SF All-in); Priced Below Replacement Cost at $103/SF
- Goodwill Self-Maintains CAM Responsibilities, Very Passive/LL-Friendly Investment Opportunity
- 8.5 Years WALT (Weighted Avg. Lease Term)
- $1.5M of Landlord Improvements (Roof/ HVAC/P-Lot/Façade/Landscaping) in 2018/2019 Renovation; Additional Tenant Improvements Paid Direct by Tenants
- Located Along Route 62/E Front Street with Prime Visibility & 300 Feet of Frontage to 9,060 VPD; additional Ingress/Egress to E 2nd Street
Property Facts
Property Type
Retail
Building Size
24,658 SF
Building Class
C
Year Built/Renovated
1984/2019
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.26
Lot Size
2.20 AC
Parking
88 Spaces
Property Taxes
| Parcel Numbers | Improvements Assessment | $333,220 | |
| Land Assessment | $185,330 | Total Assessment | $518,550 |
Property Taxes
Parcel Numbers
Land Assessment
$185,330
Improvements Assessment
$333,220
Total Assessment
$518,550
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