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845 Water St 3,506 SF Office Building Northumberland, PA 17857 $365,000 ($104.11/SF)
Investment Highlights
- Located within R-2 zoning, supporting residential conversion and potential additional units (municipal approvals required).
- Features a 3,000+ SF single-story building with an open floor plan, formerly used as a physical therapy clinic.
- Includes an adjoining vacant lot area providing potential expansion space.
- Includes existing paved parking for 16+ vehicles, offering abundant off-street parking.
- Situated on Water Street with direct access to US 11, enhancing connectivity.
- Recently reduced price creates investment appeal for redevelopment projects.
Executive Summary
845 Water Street in Northumberland offers a rare redevelopment opportunity for investors, developers, or visionary buyers. The property currently features a single-level, 3,000+ square foot open floor plan that was formerly occupied by a physical therapy clinic. Well-maintained and in solid condition, the layout includes an open area, reception office, and support spaces, ready for conversion or adaptive reuse.
According to local zoning, the site is in an R-2 zone, allowing conversion of the existing structure into two residential units, with further potential for building two additional units on the available lot area, subject to municipal approvals. This flexibility provides excellent upside for creating a multi-unit residential setting within an established community.
Significant on-site advantages include a paved parking lot accommodating 16+ vehicles, ensuring convenience for residents or future occupants. The property is easily accessible from Water Street/US 11, making it practical for both residential and mixed-use concepts. Recently reduced to $365,000, this property combines value, adaptability, and growth prospects on a site primed for transformation.
According to local zoning, the site is in an R-2 zone, allowing conversion of the existing structure into two residential units, with further potential for building two additional units on the available lot area, subject to municipal approvals. This flexibility provides excellent upside for creating a multi-unit residential setting within an established community.
Significant on-site advantages include a paved parking lot accommodating 16+ vehicles, ensuring convenience for residents or future occupants. The property is easily accessible from Water Street/US 11, making it practical for both residential and mixed-use concepts. Recently reduced to $365,000, this property combines value, adaptability, and growth prospects on a site primed for transformation.
Taxes & Operating Expenses (Actual - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
-
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-
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| Operating Expenses |
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| Total Expenses |
$99,999
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$9.99
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Taxes & Operating Expenses (Actual - 2026) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Owner User
Property Type
Office
Property Subtype
Medical
Building Size
3,506 SF
Building Class
C
Year Built
1989
Price
$365,000
Price Per SF
$104.11
Tenancy
Single
Building Height
1 Story
Typical Floor Size
3,506 SF
Building FAR
0.14
Lot Size
0.56 AC
Zoning
R2 - Residential conversion and potential additional units (municipal approvals required).
Parking
17 Spaces (4.85 Spaces per 1,000 SF Leased)
Amenities
- Signage
1 1
Somewhat walkable
30/100
Very drivable
80/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 036-01-001-210 | Improvements Assessment | $26,940 |
| Land Assessment | $5,730 | Total Assessment | $32,670 |
Property Taxes
Parcel Number
036-01-001-210
Land Assessment
$5,730
Improvements Assessment
$26,940
Total Assessment
$32,670
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845 Water St
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