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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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Bought with Grace Realty Co Inc