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31408417
32615812

320 W Columbus Ave, Corry, PA 16407

CM
10401375311
Silber Investment Properties Ltd
AA
NY 10401386514
Listed by Silber Investment Properties Ltd
$6,000,000
83 days on market
Updated 40 days ago

Corry Plaza

Details
Property Type Retail
Sub Type Shopping Center, Storefront
Square Footage 108,367
Cap Rate 7.97%
NOI $477,941
Occupancy 83.3%
Tenancy Multi
Brand/Tenant CVS Pharmacy, Dollar Tree (+3)
Lease Type Net
Price per SqFt $55
Ground Lease No
Sale Condition 1031 exchange

Corry Plaza: 8% CAP Rate Investment Opportunity

Marketing description

Corry Plaza, located at 320-390 W Columbus Ave, Corry, PA 16407, is a compelling retail investment opportunity offered at $6,350,000 with a 8% cap rate. This 108,367-square-foot shopping center serves as one of Corry’s dominant retail destinations, drawing consumers from a broad trade area with limited competing inventory within more than 20 miles. Anchored by nationally recognized, necessity-based tenants including Tractor Supply, CVS, Family Dollar, and KeyBank, the property benefits from steady daily traffic and durable in-place income. Additional tenants in wireless, service retail, and convenience-oriented categories further diversify the rent roll and support consistent customer activity. The center currently generates $653,295 in annual rental income and $477,941 in NOI, with favorable reimbursement structures from select tenants helping reduce landlord expense exposure and strengthen cash flow. Positioned along W Columbus Avenue with traffic counts of approximately 8,919 vehicles per day, Corry Plaza is surrounded by well-known retailers, restaurants, schools, and community destinations. With strong national tenancy, essential retail appeal, and a commanding presence in the market, Corry Plaza offers investors a stable income stream with upside through lease-up of the existing vacant space.

Investment highlights

Strong National Anchor Tenancy: The center is anchored by Tractor Supply, CVS, Family Dollar, and KeyBank. Nationally recognized tenants that drive consistent traffic all year long and provide long-term stability.

Tenants span essential categories including pharmacy, discount retail, banking, wireless, and service retail supporting consistent consumer demand.

Corry Plaza serves as one of the primary retail centers in the trade area, benefiting from limited competing inventory and capturing a wide customer base.

Listing Contacts

CM
10401375311
Silber Investment Properties Ltd
AA
NY 10401386514
Listed by Silber Investment Properties Ltd

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$477,941.00
$39,828.42/mo

Valuation Metrics

0
DSCR
7.97%
Cap Rate
7.97%
ROI

Map

Zoning

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C-2 CommercialSpecial CommercialLight Highway Commercial
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Last updated Apr 2, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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