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The Hofford Mill 500 Bridge St 35,000 SF 30% Leased Retail Building Weissport, PA 18235 $2,734,100 CAD ($78.12 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 |
$820,230
|
$23.44
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$82,023
|
$2.34
|
| Effective Gross Income |
$738,207
|
$21.09
|
| Taxes |
$18,200
|
$0.52
|
| Operating Expenses |
$82,023
|
$2.34
|
| Total Expenses |
$100,223
|
$2.86
|
| Net Operating Income |
$637,984
|
$18.23
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $820,230 |
| Annual Per SF | $23.44 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $82,023 |
| Annual Per SF | $2.34 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $738,207 |
| Annual Per SF | $21.09 |
| Taxes (CAD) | |
|---|---|
| Annual | $18,200 |
| Annual Per SF | $0.52 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $82,023 |
| Annual Per SF | $2.34 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $100,223 |
| Annual Per SF | $2.86 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $637,984 |
| Annual Per SF | $18.23 |
Property Facts Under Contract
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
$2,734,100 CAD
Price Per SF
$78.12 CAD
Cap Rate
8%
NOI
$218,728 CAD
Percent Leased
30%
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 | $218,386 CAD |
| Land Assessment | $54,786 CAD | Annual Taxes | $18,200 CAD ($0.52 CAD/SF) |
| Improvements Assessment | $163,600 CAD | Tax Year | 2025 Payable 2025 |
Property Taxes
Parcel Number
70B-62-A22
Land Assessment
$54,786 CAD
Improvements Assessment
$163,600 CAD
Total Assessment
$218,386 CAD
Annual Taxes
$18,200 CAD ($0.52 CAD/SF)
Tax Year
2025 Payable 2025
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The Hofford Mill | 500 Bridge St
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