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300 W. Main St, Middletown 300 West Main Street, Middletown, PA 17057
Property Description
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 mid-state 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.
Highlights
Features a strong national, regional, and local tenant mix including: USPS, Wells Fargo, True Value, Drayer Physical Therapy, The Hop Yard, and Tony's Pizza.
Center is excellent condition. Full renovations completed recently including, exterior facade, parking lot repaving, roof & HVAC.
Substantial Upside - Some tenants will experience rent rate increase due in the next 14-20 months, with opportunity for rent increases for remainder of tenants.
Excellent location adjacent to Penn State Harrisburg Campus (± 5,000 students); off-campus student housing, and Amtrak Middletown Station.
Full Address: 300 West Main Street, Middletown, PA 17057
Listing Type: FOR SALE
Status: Active
Occupancy Rate: 88
Building Class: B
Zoning: C-1 Commercial -Shopping
Region: E-NE
County: Dauphin County
Closest Cross Streets: Nissley Street
Use Type: Shopping Center
Property ID: 4015002
Has Sewer: Yes
Has Water: Yes
Has Electric: Yes
Has Waste: Yes
Power: Yes
Has Broadband: Yes
Heating: Yes
Lighting: Yes
Cooling: Yes
Traffic Count: 13000 VPD
Clearance Height: Varies
Building Construction: Masrony
Roof: Rubber
Building Sf: 43506
Parcel Num: 41-001-008
Number Units: 10
Number Buildings: 1
Year Built: 1972
Year Renovation: 2023
Free Standing: Yes
Number Parking Spaces: 226
Cap Rate: 7.35
Tenancy Type: Multi-Tenant
Features a strong national, regional, and local tenant mix including: USPS, Wells Fargo, True Value, Drayer Physical Therapy, The Hop Yard, and Tony's Pizza. Center is excellent condition. Full renovations completed recently including, exterior facade, parking lot repaving, roof & HVAC. Substantial Upside - Some tenants will experience rent rate increase due in the next 14-20 months, with opportunity for rent increases for remainder of tenants. Excellent location adjacent to Penn State Harrisburg Campus (± 5,000 students); off-campus student housing, and Amtrak Middletown Station.