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Jason Freeby

info@freebylai.com +1(908) 443-1405

Listed by Kate Mardis • Iron Valley Real Estate of Lancaster

$454,900

Est. payment - /mo

4,287 Sqft Lot

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UPDATED:

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID PAMF2053568

Year Built 1930

Annual Tax Amount $4,077

Tax Year 2025

Lot Size 4,287 Sqft

Acres 0.1

Property Sub-Type Mixed Use

Source BRIGHT

Property Description

This unique investment opportunity offers a combination of existing rental income and substantial redevelopment potential across three adjoining properties in Lewistown with nursing schools and hospitals in the area to drive demand. 170 Valley St provides the immediate income component of the package, with 5 residential units already renovated and occupied. Residential units, along with a large garage are generating $4,790.00 per month. This creates the opportunity for the front building to help carry the property and offset expenses while renovations are completed on the two buildings located behind it. 14 S Spruce St offers an excellent value-add opportunity with the potential to be renovated into a two-unit residential property, one 1 Bedroom unit and one 2 Bedroom unit. This building has a NEW roof and 2 new electrical panels. 12 S Spruce St provides even greater flexibility. The building offers the potential to be repositioned as a rooming house or developed as a mixed-use property featuring a storefront or commercial space on the lower level with residential units above. Its open layout gives an investor the ability to explore several redevelopment strategies depending on their business plan and applicable municipal approvals. Lewistown continues to offer demand for rental housing, making this an opportunity for an investor looking to create additional units and expand cash flow over time. The ability to generate income from the existing front property while renovating and repositioning the two rear buildings creates a particularly attractive setup for a phased redevelopment strategy. Whether the goal is traditional apartments, room rentals, mixed-use space, or a combination of strategies, this property package offers multiple paths to create value. Bring your vision, explore the possibilities, and take advantage of the opportunity to build a larger income-producing property in an area with continued rental demand. Schedule your showing today and see what this unique Lewistown investment could become.

Location

State PA

County Mifflin

Area Lewistown Boro (156010)

Zoning ARMAGH TWP

Interior

Hot Water Electric

Heating Heat Pump(s)

Cooling Ductless/Mini-Split

Heat Source Electric

Exterior

Water Access N

Accessibility None

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

High Schools Mifflin County High

School District Mifflin County

Others

Tax ID 04 ,02-0100--,000/02

Ownership Fee Simple

Acceptable Financing Bank Portfolio, Cash, Conventional

Listing Terms Bank Portfolio, Cash, Conventional

Financing Bank Portfolio,Cash,Conventional

Special Listing Condition Standard

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NEARBY SCHOOLS & PROPERTIES

Jason Freeby

Broker

+1(908) 443-1405

170 VALLEY & 12, 14 SOUTH SPRUCE ST Lewistown, PA 17044

Jason Freeby

Key Details

Location

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOLS & PROPERTIES

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170 VALLEY & 12,14 SOUTH SPRUCE ST