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Mike Smutz

mike@mikesmutz.com +1(610) 839-7654

$1,550,000

Est. payment - /mo

11,700 SqFt

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UPDATED:

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 11,700 sqft

Price per Sqft $132

Subdivision Not In Development

MLS Listing ID 784486

Construction Status Unknown

HOA Y/N No

Year Built 1945

Annual Tax Amount $11,417

Lot Size 1.160 Acres

Acres 1.16

Lot Dimensions 264 x 189.9

Property Sub-Type Commercial

Property Description

Incredible investment to acquire a premier commercial property located in one of the community's finest, most prestigious buildings. Commandingly situated on a highly visible corner lot, this property offers exceptional accessibility with an abundance of both off-street and dedicated on-street parking. Spanning a total of 11,700 square feet of fully leased space, the property features a stable, diversified income stream from two established tenants occupying 7,900 square feet and 3,800 square feet respectively. Interestingly this tenant utilizing 7,900 sq ft space has been a tenant for 22 years. Generating a robust gross rental income of $141,600 per year, this low-maintenance asset represents a turn key addition to any portfolio. Operating expenses include taxes, insurance, maintenance, and utility costs are only $18,784, providing immediate cash flow of $122,816.00 per year. Unmatched location, superior asset quality, and immediate cash flow make this a rare find. Schedule your private tour today.

Location

State PA

County Carbon

Area Lehighton

Direction Rt 209/N 1st St, Lehighton, Right on Caol Street, go 6 blocks to 6th & Coal St. Property on Right corner.

Interior

Heating Gas

Cooling Central Air

Fireplace No

Exterior

Utilities Available Cable Available

Water Access Desc Public

Total Parking Spaces 30

Building

Story 1

Sewer Public Sewer

Water Public

Construction Status Unknown

Schools

School District Lehighton

Others

Senior Community No

Tax ID 70A10-30-H1

Special Listing Condition None

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Listed by Gene Durigan Real Estate

Nearby Locations

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+1(610) 839-7654

mike@mikesmutz.com

http://www.mikesmutz.com/

Office No. 873 325-41 Chestnut St, Ste 800, Philadelphia, PA 19106

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580 Coal ST Lehighton Boro, PA 18235