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Novice Investor's Property 100 Main 4,700 SF 100% Leased Office Building Reedsville, PA 17084 $273,000 ($58.09/SF) 8% Cap Rate
INVESTMENT HIGHLIGHTS
- Great for 1st Time Investors!
- New Roofs!
- Easy Investment to Manage!
EXECUTIVE SUMMARY
This is #2 of 5 Similar Investment Properties.
Ideal for first time investors or those looking to add easy to manage property to their portfolio. Tenants have been at this location for over 10 years; Updated offices for District Justice; New roof on restaurant 2022. Low Management requirement.
County Lease: 2024 – 2034
Restaurant Lease: 2023 - 2028
Ideal for first time investors or those looking to add easy to manage property to their portfolio. Tenants have been at this location for over 10 years; Updated offices for District Justice; New roof on restaurant 2022. Low Management requirement.
County Lease: 2024 – 2034
Restaurant Lease: 2023 - 2028
PROPERTY FACTS
Sale Type
Investment
Property Type
Building Size
4,700 SF
Building Class
C
Year Built/Renovated
1988/2016
Price
$273,000
Price Per SF
$58.09
Cap Rate
8%
NOI
$21,840
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
4,700 SF
Building FAR
0.21
Lot Size
0.52 AC
Zoning
C
Parking
25 Spaces (5.32 Spaces per 1,000 SF Leased)
1 1
PROPERTY TAXES
| Parcel Number | 14-15-0601-000 | Improvements Assessment | $57,400 |
| Land Assessment | $19,700 | Total Assessment | $77,100 |
PROPERTY TAXES
Parcel Number
14-15-0601-000
Land Assessment
$19,700
Improvements Assessment
$57,400
Total Assessment
$77,100
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Novice Investor's Property | 100 Main
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