100 E Brown St | Middletown, PA 17057
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- LoopNet Team
100 E Brown St
Middletown, PA 17057
Downtown Plaza · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- The Downtown Plaza located in the heart of Middletown is for sale, currently below market rents
- $100,000 of improvements have been completed in the last 18 months
- Proforma: 12% Cap Rate | $185,554.25 NOI
- Two single-story, mixed-use buildings totaling 24,500 SF
- Offered at 10% Cap Rate | $141,220.46 NOI
- Value add opportunity
PROPERTY FACTS
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
24,000 SF
Building Class
C
Year Built
1960
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.50
Lot Size
1.10 AC
Zoning
Manufacturing Limited
Parking
37 Spaces (1.51 Spaces per 1,000 SF Leased)
Frontage
59’ on Brown Street
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $597,400 | |
| Land Assessment | $52,400 | Total Assessment | $649,800 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$52,400
Improvements Assessment
$597,400
Total Assessment
$649,800
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