Husky Korners Plaza

324 East 2nd Street Bloomsburg, PA 17815

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Property Details

  • Price-
  • Property TypeMixed Use
  • NeighborhoodBloomsburg University Area
  • Number of Units-
  • Lot Size-
  • Price/Unit-
  • Price/Bedroom-
  • Year Built1939 / 1986

Investment Highlights

  • 86 Beds (50 Student Apartments) & 14 Retail Units (12,459 RSF)
  • Outstanding Location: Adjacent to Bloomsburg University; Downtown Intersection
  • Value Add Opportunity: Current Rents are Lowest in Market; Renovations Could Yield 15% to 20% Rental Increases
  • High Occupancy: Historically 100% Occupied
  • Ample Off-Street Parking: 80 Income-Producing Parking Spaces
  • High Barriers to Entry: Strict Student Housing Laws Prevent More Student Housing Development in the Immediate Area
  • Tenants Pay All Utilities

Description

Rittenhouse Realty Advisors extends to qualified investors the opportunity to acquire the fee simple interest in Husky Korners Plaza. Built in 1939 and converted to student housing in 1986, this asset is located in the heart of Bloomsburg adjacent to Bloomsburg University. The offering consists of three properties, and offers investors 50 student housing apartment units (see unit mix summary) totaling 86 beds and 14 retail commercial spaces totaling 12,459 rentable square feet.

 

Property Status

NOTE: This property is no longer available.


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