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Mixed-Use

Water Tower Square Complex

1000 Commerce Park Dr, Williamsport, PA 17701

Listing Price: Request For Offer

Rentable SF
311,251
Lot Size
13.79 acres
Year Built
1927

Investment Overview

Marcus & Millichap is pleased to exclusively present the opportunity to purchase the Water Tower Square Mixed-Use Complex. The property includes two premier, mixed-use office buildings and three warehouses located in Williamsport, Pennsylvania. This location features the area’s highest level of exposure along I-180. The property has recently undergone major renovations with over four million dollars spent on improvements, including the crown jewel of the restoration: The Falls. Located on the fourth and fifth floor of the 1000 building, this property features fully furnished, all-inclusive, executive office space with customizable, state-of-the-art facilities. As an added benefit, Water Tower Square has 31,721-SF of vacant office space, and 55,847-SF of vacant warehouse space. Leasing the office space at a gross rent of $18 PSF and leasing the warehouse space at a gross rent of $6 PSF will add over $900,000 in annual income! The Class-A property provides 676 overall available parking spaces, 100 of which are conveniently located underground and equipped with quality, energy-efficient LED lighting. The Water Tower Square business complex is located within close proximity to the area’s highest-trafficked retail corridor and within walking distance to a variety of national tenants. Major national tenants include: Giant Foods, TJ Maxx, Party City, Staples, Five Guys, Buffalo Wild Wings, Arby’s, McDonald’s, Pizza Hut, Dunkin’ Donuts, Weis Markets, Rite Aid, Shoe Carnival, Olive Garden, Kohl’s, ALDI, Wegmans, and the downtown Hampton Inn. Additionally, the property benefits from being situated within a two-mile radius of the only commercial airport in Lycoming County, Williamsport Regional Airport, which serves Williamsport and the surrounding population of approximately 200,000 residents.

Investment Highlights

  • Value-Add Trophy Class-A Office Building Complex with Approximately 31,721-SF of Vacant Office & 55,847-SF of Vacant Warehouse
  • Major 2019 Capital Improvements in Excess of $4M with the Addition of 100 Underground Parking Spaces
  • Excellent Exposure and Superior Visibility along the I-180 with 90,000+ Vehicles per Day
  • Well-Positioned within Proximity to the Area's Highest Trafficked Retail Corridor and within a Walking Distance to many Retailers
  • Working population is approximately 28% Larger than number of residents within Five (5)-mile radius

Broker of Record

  • Sean Beuche

    Regional Manager

    (215) 531-7000

    License(s) PA: RM424190

    Pennsylvania

Listing Price: Request For Offer

Rentable SF
311,251
Lot Size
13.79 acres
Year Built
1927

Investment Highlights

  • Value-Add Trophy Class-A Office Building Complex with Approximately 31,721-SF of Vacant Office & 55,847-SF of Vacant Warehouse
  • Major 2019 Capital Improvements in Excess of $4M with the Addition of 100 Underground Parking Spaces
  • Excellent Exposure and Superior Visibility along the I-180 with 90,000+ Vehicles per Day
  • Well-Positioned within Proximity to the Area's Highest Trafficked Retail Corridor and within a Walking Distance to many Retailers
  • Working population is approximately 28% Larger than number of residents within Five (5)-mile radius

Investment Overview

Marcus & Millichap is pleased to exclusively present the opportunity to purchase the Water Tower Square Mixed-Use Complex. The property includes two premier, mixed-use office buildings and three warehouses located in Williamsport, Pennsylvania. This location features the area’s highest level of exposure along I-180. The property has recently undergone major renovations with over four million dollars spent on improvements, including the crown jewel of the restoration: The Falls. Located on the fourth and fifth floor of the 1000 building, this property features fully furnished, all-inclusive, executive office space with customizable, state-of-the-art facilities. As an added benefit, Water Tower Square has 31,721-SF of vacant office space, and 55,847-SF of vacant warehouse space. Leasing the office space at a gross rent of $18 PSF and leasing the warehouse space at a gross rent of $6 PSF will add over $900,000 in annual income! The Class-A property provides 676 overall available parking spaces, 100 of which are conveniently located underground and equipped with quality, energy-efficient LED lighting. The Water Tower Square business complex is located within close proximity to the area’s highest-trafficked retail corridor and within walking distance to a variety of national tenants. Major national tenants include: Giant Foods, TJ Maxx, Party City, Staples, Five Guys, Buffalo Wild Wings, Arby’s, McDonald’s, Pizza Hut, Dunkin’ Donuts, Weis Markets, Rite Aid, Shoe Carnival, Olive Garden, Kohl’s, ALDI, Wegmans, and the downtown Hampton Inn. Additionally, the property benefits from being situated within a two-mile radius of the only commercial airport in Lycoming County, Williamsport Regional Airport, which serves Williamsport and the surrounding population of approximately 200,000 residents.

Broker of Record

  • Sean Beuche

    Regional Manager

    (215) 531-7000

    License(s): PA: RM424190

    Pennsylvania

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