Lansdale, PA 19446,1031 N BROAD ST

$599,000

$650,000

7.8%
Est.Price: ?

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Est. payment /mo

0.55 Acres Lot


SOLD DATE : 07/17/2016

Key Details

Sold Price $599,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

Subdivision None Available

MLS Listing ID 1002518416

Sold Date 07/17/16

HOA Y/N N

Originating Board TREND

Year Built 1950

Annual Tax Amount $7,810

Tax Year 2016

Lot Size 0.547 Acres

Acres 0.53

Lot Dimensions 60

Property Description

MASSIVE PRICE REDUCTION!!!...NOW AN AMAZING OPPORTUNITY IN A GREAT LOCATION! The 5020 Square Foot Building consists of 1 COMMERCIAL UNIT, 4 APARTMENTS and a 2+ CAR GARAGE. The four apartments are currently rented for a total of $3435/month. The commercial space that was home to Mariano's Tavern for 47 years, has a projected rent of $3500/month. There is a 2+ car attached garage at the rear of the building projected at $175/month. Property is surrounded by medical & dental offices, restaurants, car dealerships, auto repair shops, real estate offices, bakery, auto parts supplier, and adjoins the property of Abington Health - Lansdale Hospital. Central Smoke Alarm System for all 5 units. Recent improvements include FIVE NEW GAS HEATERS with 6 total zones in 2013, a NEW ROOF in 2007, NEW WATER HEATER in 2015 that serves all units. The possibilities are endless....retail, services, offices, BYOB, additional apartments, etc. with Hatfield Township Approval. Broad Street is a 5+ mile main thoroughfare in the North Penn Area, running from Bethlehem Pike (Rt 309) to Morris Road. There is a Turning Lane in Front of the Property, providing easy access from either direction. The property adjoins a paper street (Cleveland Street). FIVE TOTAL LOTS provide 68 parking spaces on .53 acre. (( 5 Lots & Bldg Total Real Estate Taxes for 2014 were $9049. Total Taxable Assessment is $291,200. MLS shows front lot only.)) Opportunity Knocks. Realtor is Related to Sellers.

Location

State PA

County Montgomery

Area Hatfield Twp (10635)

Zoning C

Rooms

Other Rooms Primary Bedroom

Interior

Cooling Central A/C

Flooring Tile/Brick, Wood, Carpet

Fireplace N

Exterior

Utilities Available Water Available, Sewer Available, Natural Gas Available, Phone, Cable TV Available

Water Access N

Roof Type Pitched,Shingle

Road Frontage Boro/Township

Garage N

Building

Building Description Paneled Walls,Other,Plaster Walls, Public Restrooms,Private Restrooms,Ceiling Fans,Compressor,Fire Alarm,Kitchen,Refrigerator(s),Safe/Vault

Foundation Brick/Mortar

Sewer Public Sewer

Water Public

Structure Type Paneled Walls,Other,Plaster Walls

New Construction N

Schools

School District North Penn

Others

Tax ID 35-00-01258-003

Ownership Fee Simple

Acceptable Financing Conventional

Listing Terms Conventional

Financing Conventional

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Bright MLS (BMLS)
Listed by Jordan Mariano • Weichert Realtors
Bought with Jordan Mariano • Weichert Realtors
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