Investment Overview
MPN Realty, Inc., is proud to present 2418 S. Main Street, an office property, and 2388 S. Main Street, an adjoining undeveloped lot, both in Mansfield, PA.
The Building:
Situated on the outskirts of Mansfield Borough in Tioga County in northern central Pennsylvania, this office property was originally constructed as a single family house and has been converted to a Single Tenant Medical Office. The building is situated on a 38,333 SF lot, and this sale also includes the adjoing lot of 35,284 sq ft . The entrance to both properties is off of Main Street. The roof of the building is pitched and shingled. Zoning is Commercial Office Building Low-Rise and Commercial Vacant Land for the adjoining lot. There is plenty of parking surrounding the whole building.
The Tenant:
This investment opportunity provides a Buyer with a national health services tenant, Applegate Recovery Health Services. Applegate is part of the Baymark Health Services continuum for opiod addiction treatment. Baymark is the largest provider of specialty services for opiod addiction in North America, and is headquartered in Lewisville, Texas. Applegate currently has over 11,000 patients in 46 locations across 11 states being treated for addiction recovery.
MANSFIELD BOROUGH:
Mansfield is in the east central area of Tioga County, PA, and has a population of about 4,000. It is a part of the Tioga River Valley which is a mostly rural area. Mansfield Borough is located at the intersection of Route 6 and Business Route 15, about 45 miles from Williamsport, PA and 30 miles from Corning, NY. The borough is also home to Mansfield University of Pennsylvania, which is part of the Pennsylvania State Education System, providing undergraduate and graduate degrees. These properties are located just south of the Mansfield Borough center, just off of Business Route 15, in an area which has grown with large retail businesses nearby, such as Lowe’s Home Improvement, Walmart Supercenter, Blaise Alexander Ford, Chevrolet-Buick, & Chrysler-Dodge Jeep auto dealerships, Harley-Davidson, Costy’s Truck & Auto Parts, Tectra Technologies, Dunkin’ Donuts, and Wendy’s.