Northern Blvd – Clarks Summit, PA

Prime Multi-Tenant Office & Retail Asset with Value-Add Potential

Project Overview

233-239 Northern Blvd presents a premier office and retail investment opportunity in South Abington, Pennsylvania. Situated along the highly visible Route 11 corridor, this multi-tenant asset comprises approximately 35,800 square feet across two buildings and is currently over 80% occupied.

The property benefits from a diverse tenant mix, strong in-place income, and approximately 7,100 square feet of available space that provides future leasing and value-add potential. With convenient access to I-476 and I-81, strong local demographics, and proximity to major medical, retail, and residential developments, this asset offers investors an attractive combination of stable cash flow and long-term growth potential in the Northeastern Pennsylvania market.

Investment Highlights

  • Prime office/retail location along Route 11
  • Total building SF is 35,800
  • Currently over 80% occupied
  • In-place NOI of $375,000.00
  • Convenient access to I-476 and I-81
  • Value-add opportunity with 7,100 SF of vacancy
  • Minimal landlord responsibilities

Asset Highlights

  • Value-Add Investment Opportunity with significant upside through the lease-up of approximately 7,100 SF of vacant space.
  • 35,800 SF Multi-Tenant Office & Retail Asset across two buildings on 1.75 acres.
  • Strong In-Place Cash Flow with current NOI of approximately $375,000.
  • Over 80% Occupied with a diverse mix of office, medical, retail, and service-oriented tenants.
  • Prime Route 11 Location offering excellent visibility and exposure in South Abington, PA.
  • Convenient Regional Access via I-476 and I-81, connecting to major markets throughout Northeastern Pennsylvania.
  • Established Tenant Base including medical, dental, financial, fitness, and professional service providers.
  • Minimal Landlord Responsibilities supporting efficient property management and stable operations.
  • Strong Demographics with affluent surrounding neighborhoods and average household incomes exceeding $148,000.
  • Income Growth Potential through strategic leasing, tenant retention, and asset optimization.
  • High-Demand Suburban Corridor surrounded by residential communities, medical facilities, and retail amenities.
  • Attractive Risk-Adjusted Return with an initial cap rate of 9.62%.

Why Northern Blvd Stands Out

  • Immediate Cash Flow with Upside Potential – The property is more than 80% occupied and generates strong in-place income, while approximately 7,100 SF of vacant space provides a clear opportunity to increase revenue and asset value.
  • Prime Commercial Corridor Location – Positioned along Route 11, one of the area’s major thoroughfares, the property benefits from strong visibility, accessibility, and exposure to daily traffic.
  • Diversified Tenant Mix – The asset is occupied by a variety of medical, dental, financial, fitness, and professional service tenants, helping reduce risk and support long-term stability.
  • Excellent Regional Connectivity – Convenient access to I-476 and I-81 provides connectivity throughout Northeastern Pennsylvania and surrounding markets.
  • Strong Demographic Profile – Located in an affluent suburban market with high household incomes and a growing population base that supports long-term tenant demand.
  • Attractive Yield – With a current NOI of approximately $375,000 and an initial cap rate of 9.62%, the property offers compelling risk-adjusted returns compared to many competing investment opportunities.

In short: this asset combines stable cash flow, a strategic location, strong tenant diversification, and meaningful value-add potential, making it an attractive investment opportunity for both private and institutional investors.

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