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67 Park Ave 3,298 SF 100% Leased Retail Building Wind Gap, PA 18091 $675,000 ($204.67/SF) 5% Cap Rate
Investment Highlights
- Heavily traveled road
- Totally remodeled
- High visibility
- Fully occupied
Executive Summary
This turnkey Investment offers an incredible location on Route 512 in Wind gap with 1,900 SF storefront space. The space features a welcoming display area with coolers, display cases, and checkout counter, along with a fully modern kitchen equipped with a hood vent, walk-in refrigerator and freezer. The property includes off-street parking for approximately 12 vehicles, providing excellent accessibility for customers and staff. Upstairs, you’ll find a 750 SF high-end one-bedroom apartment, currently leased on a one-year term. The tenant pays electric, while the owner covers water, sewer, and trash. This versatile property is ideal for a coffee shop, restaurant, catering operation, or owner-occupied business, with the added benefit of additional rental income. Currently in the process of securing a tenant and installing the required grease trap
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
3,298 SF
Building Class
C
Year Built
1960
Price
$675,000
Price Per SF
$204.67
Cap Rate
5%
NOI
$33,750
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.50
Lot Size
0.15 AC
Zoning
38C
Parking
20 Spaces (6.06 Spaces per 1,000 SF Leased)
Frontage
101’ on Park Ave
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- TBD
- Accommodation and Food Services
- 1,900 SF
- $9.47
- Full Service
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| TBD | Accommodation and Food Services | 1,900 SF | $9.47 | Full Service | - |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | E8SW4B-3-5-0638 | Improvements Assessment | $38,500 |
| Land Assessment | $18,100 | Total Assessment | $56,600 |
Property Taxes
Parcel Number
E8SW4B-3-5-0638
Land Assessment
$18,100
Improvements Assessment
$38,500
Total Assessment
$56,600
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67 Park Ave
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