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The Hofford Mill 500 Bridge St 35,000 SF 85% Leased Retail Building Weissport, PA 18235 $2,791,840 CAD ($79.77 CAD/SF) 8% Cap Rate
INVESTMENT HIGHLIGHTS
- Historic Mixed Use Asset
- Prime Location
- Strong Market Demand
- High Income Potential
- Redevelopment Flexibility
- Substantial Acreage
EXECUTIVE SUMMARY
The Hofford Mill presents a rare opportunity to acquire a historically significant, income-producing mixed-use property with substantial development potential. Situated on 10.3 acres with approximately 35,000 SF of gross leasable area, this asset is located in the heart of Weissport, PA - just minutes from downtown Lehighton and the Lehigh River Gorge trail system.
The property features an event hall, restaurant, retail, studio, and light industrial spaces, currently leased to a mix of local and regional tenants. The site generates a gross scheduled income of over $419,000 annually with room for upside through rent optimization and space activation.
Zoned C-1 Commercial, Hofford Mill allows for a wide range of uses, including commercial redevelopment, boutique hospitality, or adaptive reuse. Public utilities (water, sewer, electric) are available, and there is abundant on-site parking. With proximity to major highways, trails, and downtown amenities, the property is ideally positioned for investors, owner-users, or developers seeking a trophy asset in one of Pennsylvania’s most scenic and growing submarkets.
The property features an event hall, restaurant, retail, studio, and light industrial spaces, currently leased to a mix of local and regional tenants. The site generates a gross scheduled income of over $419,000 annually with room for upside through rent optimization and space activation.
Zoned C-1 Commercial, Hofford Mill allows for a wide range of uses, including commercial redevelopment, boutique hospitality, or adaptive reuse. Public utilities (water, sewer, electric) are available, and there is abundant on-site parking. With proximity to major highways, trails, and downtown amenities, the property is ideally positioned for investors, owner-users, or developers seeking a trophy asset in one of Pennsylvania’s most scenic and growing submarkets.
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$837,552
|
$23.93
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$83,755
|
$2.39
|
| Effective Gross Income |
$753,797
|
$21.54
|
| Taxes |
$18,584
|
$0.53
|
| Operating Expenses |
$83,755
|
$2.39
|
| Total Expenses |
$102,339
|
$2.92
|
| Net Operating Income |
$651,458
|
$18.61
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $837,552 |
| Annual Per SF | $23.93 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $83,755 |
| Annual Per SF | $2.39 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $753,797 |
| Annual Per SF | $21.54 |
| Taxes (CAD) | |
|---|---|
| Annual | $18,584 |
| Annual Per SF | $0.53 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $83,755 |
| Annual Per SF | $2.39 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $102,339 |
| Annual Per SF | $2.92 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $651,458 |
| Annual Per SF | $18.61 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
35,000 SF
Building Class
B
Year Built/Renovated
1896/2009
Price
$2,791,840 CAD
Price Per SF
$79.77 CAD
Cap Rate
8%
NOI
$223,347 CAD
Percent Leased
85%
Tenancy
Multiple
Building Height
3 Stories
Loading Docks
1 Exterior
Building FAR
0.08
Lot Size
10.44 AC
Zoning
Commercial / Industrial - Commercial / Industrial
Parking
12 Spaces (0.34 Spaces per 1,000 SF Leased)
Frontage
550’ on Bridget St
AMENITIES
- Corner Lot
- Food Court
- Restaurant
Bike Score®
Very Bikeable (79)
PROPERTY TAXES
| Parcel Number | 70B-62-A22 | Total Assessment | $226,084 CAD |
| Land Assessment | $56,718 CAD | Annual Taxes | $18,584 CAD ($0.53 CAD/SF) |
| Improvements Assessment | $169,366 CAD | Tax Year | 2025 Payable 2025 |
PROPERTY TAXES
Parcel Number
70B-62-A22
Land Assessment
$56,718 CAD
Improvements Assessment
$169,366 CAD
Total Assessment
$226,084 CAD
Annual Taxes
$18,584 CAD ($0.53 CAD/SF)
Tax Year
2025 Payable 2025
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The Hofford Mill | 500 Bridge St
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