300-360 W Main St
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300-360 W Main St
49,249 SF 86% Leased Retail Building Middletown, PA 17057 $11,091,600 CAD ($225 CAD/SF) 6.89% Cap Rate
Investment Highlights
- Features a strong national, regional, and local tenant mix
- Substantial upside - many tenants experiencing a rent rate increase in the next 14-20 months
- Full renovations completed recently including, exterior facade, parking lot repaving, roof & HVAC.
- Located adjacent to Penn State Harrisburg Campus, off campus student housing, and Amtrak Middletown Station
Executive Summary
Landmark Commercial Real Estate is pleased to present the Westporte Centre. This ± 45,000 SF regional shopping center has recently undergone significant renovations, positioning it as a solid asset for investors. Improvements include a new state-of-the-art façade,
upgraded parking facilities, and HVAC units throughout. The potential for expansion further adds to its value, offering investors a versatile asset that aligns with midstate market demands. Over the next 14 to 20 months, the property is poised for substantial upside, driven by
scheduled increases in rental rates and additional opportunities for rate adjustments, making it an attractive prospect for those seeking a sound and potentially lucrative investment.
upgraded parking facilities, and HVAC units throughout. The potential for expansion further adds to its value, offering investors a versatile asset that aligns with midstate market demands. Over the next 14 to 20 months, the property is poised for substantial upside, driven by
scheduled increases in rental rates and additional opportunities for rate adjustments, making it an attractive prospect for those seeking a sound and potentially lucrative investment.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
49,249 SF
Building Class
B
Year Built
1972
Price
$11,091,600 CAD
Price Per SF
$225 CAD
Cap Rate
6.89%
NOI
$764,211 CAD
Percent Leased
86%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.12
Lot Size
9.18 AC
Zoning
C-1 Commercial
Frontage
285 ft on West Main Street
Amenities
- Signalized Intersection
- Drive Thru
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 41-001-008 | Improvements Assessment | $1,889,611 CAD |
| Land Assessment | $362,888 CAD | Total Assessment | $2,252,499 CAD |
PROPERTY TAXES
Parcel Number
41-001-008
Land Assessment
$362,888 CAD
Improvements Assessment
$1,889,611 CAD
Total Assessment
$2,252,499 CAD
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300-360 W Main St
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