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Key Details
Sold Price $475,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 13,200 sqft
Price per Sqft $35
MLS Listing ID PALN2001944
Sold Date 12/02/21
Originating Board BRIGHT
Year Built 1950
Annual Tax Amount $11,161
Tax Year 2021
Lot Size 0.540 Acres
Acres 0.54
Property Description
Don't miss this cash-flowing commercial investment property in a prime location along Rt 422 at the square in Palmyra! This 5 unit commercial building with additional parking spaces features long-term tenants and a projected NOI of $53,000 annually representing more than a 12% CAP rate! Additionally, the current owner is willing to consider an installment sale or other owner financing options. Call us today for more information including the expense reports and pro forma or to schedule your tour!
Location
State PA
County Lebanon
Area Palmyra Boro (13216)
Zoning 374MISC: RETAIL MULTI OCC
Interior
Hot Water Electric
Heating Other
Cooling Central A/C, Window Unit(s)
Heat Source Natural Gas
Exterior
Garage Spaces 14.0
Water Access N
Accessibility 2+ Access Exits
Total Parking Spaces 14
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Palmyra Area
Others
Tax ID 16-2290388-356824-0000
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Conventional, Cash, Installment Sale, Seller Financing
Listing Terms Conventional, Cash, Installment Sale, Seller Financing
Financing Conventional,Cash,Installment Sale,Seller Financing
Special Listing Condition Standard
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Bought with Jared M Armstrong • Charthouse Realty, Inc.