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551 2nd St
Highspire, PA 17034
Industrial Property For Sale
PROPERTY FACTS
| Property Type | Industrial | No. Stories | 1 |
| Property Subtype | Year Built | 1996 | |
| Building Class | C | Tenancy | Single |
| Lot Size | 0.57 AC | No. Drive In / Grade-Level Doors | 1 |
| Rentable Building Area | 3,520 SF |
| Property Type | Industrial |
| Property Subtype | |
| Building Class | C |
| Lot Size | 0.57 AC |
| Rentable Building Area | 3,520 SF |
| No. Stories | 1 |
| Year Built | 1996 |
| Tenancy | Single |
| No. Drive In / Grade-Level Doors | 1 |
UTILITIES
- Water - City
- Sewer - City
- Heating
ABOUT 551 2ND ST , HIGHSPIRE, PA 17034
Ideal for Existing Use - (Automotive repair) - OR - Net-Lease Retail, Commercial, Automotive etc. The property sits on a highly visible corner lot and is in close proximity to Harrisburg International Airport, The Pennsylvania Turnpike, Penn State University Harrisburg Campus. Ownership's financials are available for current operating tax year 2016-2017. Ownership is showing average sales of roughly $350,000.00 of income with a yearly cost of goods sold of $150,000.00. When including the additional overhead expenses load; (Referenced on page 18) the business on average generates a total net income of $165,000.00 a year. Based on the cash amount need to close; the total return after debt service is $130,591.00 - providing a total estimated Cash-on-Cash return of 82.34% Ownerships is interested in selling the Real Estate and Automotive Business together or separate. Ownership is also inquiring regarding the permitted use for Automotive Sale/Used Car Sale/Lot. (Surrounding Properties Allow Permitted Use) Please contact Listing Agent for more details.
PROPERTY TAXES
| Parcel Number | 30-028-001 | Improvements Assessment | $80,300 |
| Land Assessment | $48,100 | Total Assessment | $128,400 |
PROPERTY TAXES
