Wilson Borough, PA 18042,1710 Butler Street
Wilson Borough, PA 18042,1710 Butler Street
Wilson Borough, PA 18042,1710 Butler Street
$800,000
Est. payment /mo
$1,200,000
33.3%
Est.Price: ?

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34,520 SqFt
SOLD DATE : 04/30/2024

Key Details

Sold Price $800,000

Property Type Commercial

Sub Type Commercial,Retail

Listing Status Sold

Purchase Type For Sale

Square Footage 34,520 sqft

Price per Sqft $23

MLS Listing ID 725149

Sold Date 04/30/24

Year Built 1900

Annual Tax Amount $43,977

Lot Size 1.160 Acres

Property Description

Small Strip shopping center located at the corner of Butler and Palmer St consisting of 1.16 acres. Current tenants include Dollar Store, Insurance Office, Check Clearing, Garages, Restaurant, and Billboard. Ample off street parking.

Dollar General: 8184/sqft current rent $4,750/mo through 2026 with options to renew
Restaurant/George's: $1100/mo
Insurance Office: $1000/mo
United Clearing: $1000/mo
Garage Rental: $500/mo
Adam's Outdoor Billboard: $4,000/YEAR
Former Magistrate's Office: Vacant, estimated rent $2,500/mo

Annual Taxes: $42,690.96
-Dollar General is responsible for 23.8% of the taxes (based off their used square footage compared to total square footage of the building). They pay $10,172.89 of the total tax bill (which brings the effective tax bill to $32,518.07 for the owner)
Owner's annual insurance is $11,160.00 (based off a $1.34 million policy)

Expenses- Tenants are responsible for water and sewer. Only utilities currently paid by owner are the two vacant units ($82/unit for electric)

Lower level space formerly Two Rivers Music Store, approx 10,000 sq ft finished (12,000 sq ft total) for rent at $2,500/mo +utilities. Entrance on Palmer St.

Adjacent property with different owner is also currently available for sale which could add an additional 1.2 acres of commercial space for a total of 2.48 acres.

Location

State PA

County Northampton

Area Wilson

Interior

Cooling Central AC

Exterior

Garage Off Site, On Site

Garage Spaces 40.0

Building

Sewer Public

Water Public

New Construction No

Schools

School District Wilson

Others

Financing Cash,Conventional

Special Listing Condition Not Applicable

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Listed by BHHS Paul Ford Easton
Bought with BHHS Paul Ford Easton

Jason Freeby

Real Estate Team Leader

+1(908) 443-1405

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