$530,000
$530,000
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4,382 SqFt
SOLD DATE : 02/26/2020
Key Details
Sold Price $530,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 4,382 sqft
Price per Sqft $120
MLS Listing ID PALN110104
Sold Date 02/26/20
HOA Y/N N
Originating Board BRIGHT
Year Built 2009
Annual Tax Amount $8,614
Tax Year 2020
Lot Size 0.510 Acres
Acres 0.51
Property Description
An income opportunity for the "blue chip" investor who is intrigued by Low-Risk and Long-Term Stability. Come and see this impeccably built and carefully maintained mixed-use commercial property in Myerstown Borough. The exterior is solid Brick construction, with Synthetic Stucco Capping on the windows, and a Standing Seam Metal Roof; all of which should outlive anyone reading this. Construction began in 2008 by Woodland Contractors, and the owner spared no expense inside or out. All mechanicals are in good working order and each unit is in "turn-key" condition. The property includes one Commercial Unit, currently an Optometry practice with a lease extending into November of 2031. The second floor contains two 1-Bedroom Apartments, currently rented for $700/mo. and $800/mo. The rear of the property also contains a large 3-bay Detached Garage with a private entrance from the alley; currently rented for $300/mo. Coin-Operated Laundry machines also produce an additional $55/mo. The doctor's office currently pays $2,625/mo., but is also responsible for 55% of the annual property taxes and 1/3 of the water/sewer bills (respectively adding an $4,675 and $876 onto annual income). This property combines stable long-term income with superior maintenance-free construction. It will move quickly; act swiftly.
Location
State PA
County Lebanon
Area Myerstown Boro (13215)
Zoning MIXED USE COMM / RES
Interior
Hot Water Electric
Heating Forced Air
Cooling Central A/C
Heat Source Electric
Exterior
Garage Spaces 18.0
Waterfront N
Water Access N
Roof Type Metal
Accessibility Level Entry - Main
Parking Type Parking Lot
Total Parking Spaces 18
Garage Y
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Eastern Lebanon County
Others
Tax ID 15-2368417-382212-0000
Ownership Fee Simple
SqFt Source Assessor
Security Features Sprinkler System - Indoor,Security System
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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Bought with Maria Shuey • Howard Hanna Krall Real Estate
“Molly's job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! ”