East Allen Twp, PA 18014,6866 Chrisphalt Drive
$2,625,000
Est. payment /mo
$2,795,000
6.1%
Est.Price: ?

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40,180 SqFt
SOLD DATE : 08/27/2020

Key Details

Sold Price $2,625,000

Property Type Commercial

Sub Type Commercial,Flexible Space,Industrial

Listing Status Sold

Purchase Type For Sale

Square Footage 40,180 sqft

Price per Sqft $65

MLS Listing ID 634931

Sold Date 08/27/20

Year Built 1998

Annual Tax Amount $53,457

Lot Size 6.000 Acres

Property Description

This offering consists of a 31,680 square foot flex/warehouse split into three fully leased tenant spaces and a free standing 9,400 square foot building that is currently owner occupied and set up as 5,500 excavator/utility contractor maintenance shop with shop bath and 3-14x16 overhead doors and 3-9x10 overhead doors and attached two story corporate office with front and rear stairs and bath on each level. Both buildings are situated on a 6 acre lot that can accommodate constructing an additional 21,120 flex/ warehouse building. Current gross income from the 31,680 square foot building is 218,952 per year. Occupied by long time tenants with automatic rent increase. Tenants also pay separately metered utilities. Owner pays property taxes and lawn and snow care. Great opportunity for investor or owner occupant who also desires rental income or room to expand. Currently all on one deed. Subdivision may be possible. Zoning is Light Industrial Business Park allowing many potential uses.

Location

State PA

County Northampton

Area East Allen

Interior

Cooling Central AC

Exterior

Garage On Site

Garage Spaces 56.0

Utilities Available Gas Available

Building

Sewer Public

Water Public

New Construction No

Schools

School District Northampton

Others

Financing Cash,Conventional

Special Listing Condition Not Applicable

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Listed by Grace Realty Co Inc
Bought with Grace Realty Co Inc

Jason Freeby

Real Estate Team Leader

+1(908) 443-1405

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