Multi-unit commercial property with multiple revenue streams. Great location along busy street with easy in and out access. The first floor of this property is currently rented to a pizza shop. The second floor has two 2-bedroom apartments that are leased. There are 18 storage units and a workshop to the rear of the building. There is an electronic billboard on the front of the property with a lease agreement in place. There is a large panel billboard on the rear of the property facing Lowes store that could be rented for additional income. This is a income generating property, you can keep all units leased or utilize the store front for your own business. The property sits on 2 parcels. The front parcel is in the Borough of Lewistown and the rear parcel is in Granville Township.
Investor Alert – 3 Properties, 7+ Units, Massive Upside in Lewistown Monthly NOI $9433 to $5834 Annual NOI $113,196 to $70,008 Cap Rate once stabilized 23.8% 14.7% Opportunities like this don’t come around often. This unique package includes three adjoining properties offering a mix of stabilized income, value-add potential, and significant upside. 170 Valley St – 5 Unit Building (Partially Stabilized) Recently renovated with strong in-place income. Unit mix includes 1 one-bedroom, 2 two-bedrooms, 1 three-bedroom, and 1 four-bedroom unit. Three units are freshly rented. Multiple units have been updated on the interior. Exterior improvements include a new front window and fresh paint, improving curb appeal. Some photos show units mid-renovation, but the finished units show very well. 12 S Spruce St – Blank Slate with Strong Upside Potential Lower level features an open layout suitable for commercial or office use. Upper level is open and can be used for storage, apartment conversion, or expansion. There is strong potential to convert this building into a 12-unit rooming house, with high demand driven by the nearby hospital and medical training facilities. Approvals for this type of use are readily attainable, making this a prime repositioning opportunity. 14 S Spruce St – 2 Unit Value-Add Opportunity Includes a 1-bedroom and a 2-bedroom unit. Property requires full renovation and offers the ability to add significant value and increase future cash flow. This portfolio presents multiple strategies for investors: stabilize and hold for cash flow, renovate and increase rents, or reposition for higher-density use. In a market where true deals are hard to find, this is a rare opportunity with scale and upside. Offered at $465,000.
Lewistown is located in Pennsylvania. Lewistown, Pennsylvania has a population of 8,513. Lewistown is less family-centric than the surrounding county with 21.11% of the households containing married families with children. The county average for households married with children is 24.84%.
The median household income in Lewistown, Pennsylvania is $34,423. The median household income for the surrounding county is $54,738 compared to the national median of $69,021. The median age of people living in Lewistown is 34.5 years.
The average high temperature in July is 84.1 degrees, with an average low temperature in January of 19.3 degrees. The average rainfall is approximately 42.2 inches per year, with 27.6 inches of snow per year.
