1908 River Rd | North Apollo, PA 15673
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- LoopNet Team
1908 River Rd
North Apollo, PA 15673
Midtown Plaza · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Stabilized Investment Opportunity: 92% leased shopping center, with 2 vacant contiguous suites totaling +/- 2,500 square feet
- Easily Accessible Site: Multiple points of Ingress/Egress from River Road & 19th Street providing easy access to the site with an abundance of parking
- Neighboring Retail Tenants: Surrounded by tenants such as; Domino’s Pizza, SHOP n’ SAVE, Dollar General, Dairy Queen, Family Dollar, and more
- Mark to Market Rents: The next owner has the opportunity to increase rents by converting leases from Gross to NNN leases and increasing rents
- Strong Historical Occupancy: Three of the five tenants have been operating at the center since 2011 or earlier, showing the tenants’ commitment
- New Roof & HVAC: Current ownership has recently invested $200,000 in a new roof (15-year warranty) and new HVAC systems
PROPERTY FACTS
Property Type
Retail
Building Size
37,000 SF
Building Class
C
Year Built
1965
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.29
Lot Size
2.89 AC
Zoning
B1 - Business District
Parking
125 Spaces (3.84 Spaces per 1,000 SF Leased)
Frontage
280’ on River Rd
AMENITIES
- Pylon Sign
PROPERTY TAXES
| Parcel Number | 31-0-021832 | Improvements Assessment | $42,220 |
| Land Assessment | $66,500 | Total Assessment | $108,720 |
PROPERTY TAXES
Parcel Number
31-0-021832
Land Assessment
$66,500
Improvements Assessment
$42,220
Total Assessment
$108,720
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