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The Hofford Mill 500 Bridge St 35,000 SF 85% Leased Retail Building Weissport, PA 18235 $2,000,000 ($57.14/SF) 8% Cap Rate
INVESTMENT HIGHLIGHTS
- Historic Mixed Use Asset
- Prime Location
- Strong Market Demand
- High Income Potential
- Redevelopment Flexibility
- Substantial Acreage
EXECUTIVE SUMMARY
The Hofford Mill presents a rare opportunity to acquire a historically significant, income-producing mixed-use property with substantial development potential. Situated on 10.3 acres with approximately 35,000 SF of gross leasable area, this asset is located in the heart of Weissport, PA - just minutes from downtown Lehighton and the Lehigh River Gorge trail system.
The property features an event hall, restaurant, retail, studio, and light industrial spaces, currently leased to a mix of local and regional tenants. The site generates a gross scheduled income of over $419,000 annually with room for upside through rent optimization and space activation.
Zoned C-1 Commercial, Hofford Mill allows for a wide range of uses, including commercial redevelopment, boutique hospitality, or adaptive reuse. Public utilities (water, sewer, electric) are available, and there is abundant on-site parking. With proximity to major highways, trails, and downtown amenities, the property is ideally positioned for investors, owner-users, or developers seeking a trophy asset in one of Pennsylvania’s most scenic and growing submarkets.
The property features an event hall, restaurant, retail, studio, and light industrial spaces, currently leased to a mix of local and regional tenants. The site generates a gross scheduled income of over $419,000 annually with room for upside through rent optimization and space activation.
Zoned C-1 Commercial, Hofford Mill allows for a wide range of uses, including commercial redevelopment, boutique hospitality, or adaptive reuse. Public utilities (water, sewer, electric) are available, and there is abundant on-site parking. With proximity to major highways, trails, and downtown amenities, the property is ideally positioned for investors, owner-users, or developers seeking a trophy asset in one of Pennsylvania’s most scenic and growing submarkets.
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$600,000
|
$17.14
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$60,000
|
$1.71
|
| Effective Gross Income |
$540,000
|
$15.43
|
| Taxes |
$13,313
|
$0.38
|
| Operating Expenses |
$60,000
|
$1.71
|
| Total Expenses |
$73,313
|
$2.09
|
| Net Operating Income |
$466,687
|
$13.33
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $600,000 |
| Annual Per SF | $17.14 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $60,000 |
| Annual Per SF | $1.71 |
| Effective Gross Income | |
|---|---|
| Annual | $540,000 |
| Annual Per SF | $15.43 |
| Taxes | |
|---|---|
| Annual | $13,313 |
| Annual Per SF | $0.38 |
| Operating Expenses | |
|---|---|
| Annual | $60,000 |
| Annual Per SF | $1.71 |
| Total Expenses | |
|---|---|
| Annual | $73,313 |
| Annual Per SF | $2.09 |
| Net Operating Income | |
|---|---|
| Annual | $466,687 |
| Annual Per SF | $13.33 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
35,000 SF
Building Class
B
Year Built/Renovated
1896/2009
Price
$2,000,000
Price Per SF
$57.14
Cap Rate
8%
NOI
$160,000
Percent Leased
85%
Tenancy
Multiple
Building Height
3 Stories
Loading Docks
1 Exterior
Building FAR
0.08
Lot Size
10.44 AC
Zoning
Commercial / Industrial - Commercial / Industrial
Parking
12 Spaces (0.34 Spaces per 1,000 SF Leased)
Frontage
550’ on Bridget St
AMENITIES
- Corner Lot
- Food Court
- Restaurant
Bike Score®
Very Bikeable (79)
PROPERTY TAXES
| Parcel Number | 70B-62-A22 | Total Assessment | $161,040 |
| Land Assessment | $40,400 | Annual Taxes | $13,313 ($0.38/SF) |
| Improvements Assessment | $120,640 | Tax Year | 2025 Payable 2025 |
PROPERTY TAXES
Parcel Number
70B-62-A22
Land Assessment
$40,400
Improvements Assessment
$120,640
Total Assessment
$161,040
Annual Taxes
$13,313 ($0.38/SF)
Tax Year
2025 Payable 2025
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The Hofford Mill | 500 Bridge St
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