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221 E Market St 8,108 SF 20% Leased Office Building Clearfield, PA 16830 $262,537 CAD ($32.38 CAD/SF) 7.82% Cap Rate
INVESTMENT HIGHLIGHTS
- Located in the heart of Clearfield.
- 4 Separate entrances for each tenant.
- Within walking distance to Courthouse.
- 2 Car integral garage.
EXECUTIVE SUMMARY
Great opportunity to obtain a commercial property right in the heart of downtown Clearfield. Property consists of a shared 5-office suite--perfect for those who need an office but want to share some of the costs--, a rented apartment, and a large unfinished 2nd floor space that is limited only by the buyers imagination. Such a great investment won’t last forever. Call for your showing today!
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$23,451
|
$2.89
|
| Other Income |
$69,796
|
$8.61
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$93,247
|
$11.50
|
| Taxes |
$12,168
|
$1.50
|
| Operating Expenses |
$17,013
|
$2.10
|
| Total Expenses |
$29,182
|
$3.60
|
| Net Operating Income |
$64,066
|
$7.90
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $23,451 |
| Annual Per SF | $2.89 |
| Other Income (CAD) | |
|---|---|
| Annual | $69,796 |
| Annual Per SF | $8.61 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $93,247 |
| Annual Per SF | $11.50 |
| Taxes (CAD) | |
|---|---|
| Annual | $12,168 |
| Annual Per SF | $1.50 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $17,013 |
| Annual Per SF | $2.10 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $29,182 |
| Annual Per SF | $3.60 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $64,066 |
| Annual Per SF | $7.90 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
High Vacancy Property
Property Type
Office
Property Subtype
Building Size
8,108 SF
Building Class
C
Year Built/Renovated
1900/1980
Price
$262,537 CAD
Price Per SF
$32.38 CAD
Cap Rate
7.82%
NOI
$20,530 CAD
Percent Leased
20%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
4,054 SF
Building FAR
0.93
Lot Size
0.20 AC
Opportunity Zone
Yes
Zoning
Commercial - allows for a variety of commercial activities, including retail,offices, restaurants, and other businesses that benefit from a central location
Parking
2 Spaces (0.25 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
1 1
Walk Score®
Very Walkable (70)
PROPERTY TAXES
| Parcel Number | 0041K0821900005 | Total Assessment | $174,579 CAD (2025) |
| Land Assessment | $38,616 CAD (2025) | Annual Taxes | $12,168 CAD ($1.50 CAD/SF) |
| Improvements Assessment | $135,963 CAD (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
0041K0821900005
Land Assessment
$38,616 CAD (2025)
Improvements Assessment
$135,963 CAD (2025)
Total Assessment
$174,579 CAD (2025)
Annual Taxes
$12,168 CAD ($1.50 CAD/SF)
Tax Year
2024
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221 E Market St
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