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1378 Market St
Marcus Hook, PA 19061
Retail Property For Sale


EXECUTIVE SUMMARY
Address of all properties are 1364-1380 Market St, Marcus Hook,Pa 19061 ( 2 Mix use properties )and 1333 , 1337 , 1365 Green St, Marcus Hook, Pa 19061 ( 3 residential properties )
Total 5 different properties within 2/1 block, parking lot , !!! Total 5 different properties !!! ,1378 Market st ( attached picture as main building including 4 commercial units such Nail salon, seafood store, clothes store , cleaner ) and 1368 Market st and 1370 Market St ( Mix Use building ) and 1370 Green St 9 residential building )and 1376 Green St residential building ) and 1378 Green st ( residential building )Investment property , 18 Apartments and 4 commercial tenants and 1 office units, total 23 units , such as Office unit : $1000/monthly rent ,Nail Salon: $1,500/ monthly rent , Seafood business: $4,550/ monthly rent , Cleaner ( Drop Shop ) : $1,000/monthly rent, T -shirts store: $1,050.00 / month , so total monthly rent for 5 units: $9,100.00 . 18 Apartments : three bedrooms: 5 and 2 bedrooms: 4 and One bedroom: 9 . 18 APT units monthly gross rental income is $28,100.00 so annual total gross is $28,100.00 x 12 months =$337,200.00 (from Total gross monthly rental income from 23 units): ALL Apartment : $ 1 bathroom and 1 kitchen are in the all apartment , all occupied , heating is all apartment , Expenses: real estate tax :$43,374.00 / 2024 , Insurance :$15,695.33 , Water bill:$4,743.88 , Maintain fee:$3,000.00 . Annual total expenses: $66,769.45 so total net income is $337,200.00 - $66,769.45= $270,430.55 . THE POTENTIAL BUYER MUST SUBMITT THE BUYER'S FINANCIAL STATEMENT OR PRE-APPROVAL LETTER FOR LOAN BEFORE SHOWING.
Total 5 different properties within 2/1 block, parking lot , !!! Total 5 different properties !!! ,1378 Market st ( attached picture as main building including 4 commercial units such Nail salon, seafood store, clothes store , cleaner ) and 1368 Market st and 1370 Market St ( Mix Use building ) and 1370 Green St 9 residential building )and 1376 Green St residential building ) and 1378 Green st ( residential building )Investment property , 18 Apartments and 4 commercial tenants and 1 office units, total 23 units , such as Office unit : $1000/monthly rent ,Nail Salon: $1,500/ monthly rent , Seafood business: $4,550/ monthly rent , Cleaner ( Drop Shop ) : $1,000/monthly rent, T -shirts store: $1,050.00 / month , so total monthly rent for 5 units: $9,100.00 . 18 Apartments : three bedrooms: 5 and 2 bedrooms: 4 and One bedroom: 9 . 18 APT units monthly gross rental income is $28,100.00 so annual total gross is $28,100.00 x 12 months =$337,200.00 (from Total gross monthly rental income from 23 units): ALL Apartment : $ 1 bathroom and 1 kitchen are in the all apartment , all occupied , heating is all apartment , Expenses: real estate tax :$43,374.00 / 2024 , Insurance :$15,695.33 , Water bill:$4,743.88 , Maintain fee:$3,000.00 . Annual total expenses: $66,769.45 so total net income is $337,200.00 - $66,769.45= $270,430.55 . THE POTENTIAL BUYER MUST SUBMITT THE BUYER'S FINANCIAL STATEMENT OR PRE-APPROVAL LETTER FOR LOAN BEFORE SHOWING.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
20,000 SF
Building Class
C
Year Built
1970
Price
$2,590,000
Price Per SF
$129.50
Cap Rate
10.44%
NOI
$270,396
Tenancy
Single
Building Height
2 Stories
Building FAR
1.82
Lot Size
0.25 AC
Zoning
MU - Mixed Use
Parking
12 Spaces (0.6 Spaces per 1,000 SF Leased)
Frontage
91’ on Market Street
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $14,130 | Total Assessment | $14,130 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$14,130
Improvements Assessment
$0
Total Assessment
$14,130
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