The Hofford Mill
$2,000,000
500 Bridge Street, Weissport, PA 18235
155,491
NOI
7.8
Pro Forma Cap Rate
Details:
Highlights:
- Location: Located in the heart of Weissport, The Hofford Mill offers easy access to major highways and is minutes from Jim Thorpe, downtown Lehighton, and the D&L Trail. Its proximity to retail, dining, and recreation enhances tenant visibility and foot traffic.
- Building Size: The property features over 35,000 square feet] of rentable space, accommodating a diverse range of tenants.
- Cap Rate and NOI: Offers a proforma cap rate of 7.8% with a NOI of $155,491 providing for immediate cash flow with room for upside through additional vacancies.
- Tenant Mix or Anchor Tenants: Anchored by established regional tenants including The Gorge Restaurant, Hug A Mug Coffee Shop, Bronson E-Bikes, and Simply Home Retail, The Hofford Mill benefits from reliable income streams and consistent community-driven foot traffic.
- Price or Pricing Guidance: Asking price is $2,000,000, with flexible terms available for qualified buyers.
Description:
The Hofford Mill is a historic, income-producing commercial property offering 30,000+ square feet of mixed-use space on 10.3 acres in Weissport, PA. Built in 1910, the mill has been adapted for multiple tenants including The Gorge Restaurant, Hug A Mug Coffee Shop, Simply Home Retail, and Bronson E-Bikes.
Located minutes from Jim Thorpe and the Lehigh River trail network, the property is well-positioned to capture local and tourist traffic. With a projected NOI of $155,491 and a 7.8% pro forma cap rate, this offering provides immediate cash flow with room for upside through two vacant industrial bays.
Offered at $2,000,000, The Hofford Mill is ideal for investors seeking a stabilized asset with historic charm and long-term growth potential in a revitalizing Pennsylvania market.
Documents:
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Offering Memorandum
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Location
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