Property Attributes
- MLS#PASK134768
- TypeCommercial
- CountySCHUYLKILL
- CityPottsville
- AreaPottsville
- Zip17901
- StyleMedical,Professional
- Year Built2002
- Taxes$ 16058
- Price$ 595,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage5700
Data Source:
Bright MLS
Property Description
"INVESTMENT PROPERTY FOR SALE." Fully leased office space in professional medical building. New 5 year lease beginning June 1, 2022, with annual 2% increases. Full time management company running the property and tenant space. Lots of windows with nice views. Approximately 5,700 square foot suite under lease on a five year term with an approximate blended five year monthly average rental rate of $6,600.00 . Rental rate includes CAM, interior cleaning, Condo fees and utilities. Tenant is responsible for phone, cable, internet, Tenant insurance naming Landlord as additional insured. Tenant also responsible for minor maintenance including but not limited to changing of light bulbs. The Rental Rate includes the 12.99% of the Condo Association Fees, utilities and Real Estate Taxes. Building owner responsible for the payment of the Condo Fees (currently $2,100.00) and Real Estate Taxes (Currently $8,349.00). This give your an approximate $33,549.00 offset against the blended rental rate of $79,200.00 giving you an approximate $45,651.00 without any holdback for Capital expenses give you over a 7.5% cap rate. 11 Exam Room/Private Office, one staff area, four H/P rest rooms, reception and waiting area. Call for details or private showing.
Price History | |
---|---|
4/8/2021 | Listed $595,000 |
General Features
Sewer | Public Sewer |
---|---|
Heating | 90% Forced Air |
Cooling | Central A/C |
Utilities | Cable TV Available,Phone Available,Sewer Available,Water Available,Electric Available |
Possession | Negotiable |
Roof | Shingle |
Zoning | M-1 |
Construction Materials | Block,Brick,Concrete |
Year Built | 2002 |
Property SubType | Office |
Tax Year | 2022 |
Percent Ownership | Condominium |
Cool Fuel | Electric |
OwnerPays | Taxes - Real Estate,Association Fees |
Business Type | Medical,Professional |
Accessibility | Elevator,Level Entry - Main |
County | SCHUYLKILL |
Net Operating Income | 46651.00 |
New Construction | No |
Property Type | Commercial Sale |
Water Access Y/N | No |
Status | ACTIVE |
Directions | Route 61 N to Pottsville. Property on Right. |
ModificationTimestamp | 2024-04-19T23:00:37 |
City | POTTSVILLE |
Buyer Agent Compensation | 3 |
Disclosures | Subject to Condo/HOA Docs |
Zoning Description | Light Manufacturing District |
MLS Area | Pottsville (13368) |
Tax Assessed Value | 191790.0 |
Waterfront Y/N | No |
Street Name | SCHUYLKILL MEDICAL PLAZA,SUITE 206 |
Tax Annual Amount | 16058.0 |
Property Condition | Very Good |
Acceptable Financing | Cash,Conventional |
Vacation Rental Y/N | No |
Days on Market | 1119 |
Standard Status | Active |
Year Built Source | Estimated |
Tax Lot | 9(206) |
Cap Rate | 7.67 |
Buyer Agent Compensation Type | % Of Gross |
Interior Features
Heating Fuel | Natural Gas |
---|---|
Flooring | Carpet,Ceramic Tile |
Hot Water | Natural Gas |
Total Stories | 2 |
Heating Y/N | Yes |
Central Air Y/N | Yes |
Total Restrooms | 3 |
Entry Level | 2 |
Number of Elevators | 1 |
Exterior Features
Parking Features | Private,Paved Parking,Lighted Parking,Handicap Parking,Unassigned |
---|---|
Water Source | Public |
Inclusions | 50+ years with two 10 year options remain on Seller's Leasehold interest in the property |
Total Parking Spaces | 15 |
Type of Parking | Parking Lot |
Land Use Code | 349 |
Water View Y/N | No |
Building Area Total | 0.00 |
Lot Dimensions | 0.00 x 0.00 |
Navigable Water Y/N | No |
Water Oriented Y/N | No |
LotDimensionsSource | Assessor |
Car Parking Spaces | 15 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool