565 W Penn Pike Pike, Tamaqua, PA 18252
$1,990,000
Property Type:
Commercial Sale
Square Footage:
19,940
Lot Size (sq. ft.):
113,256
Status:
Active
Current Price:
$1,990,000
List Date:
1/31/2024
Last Modified:
1/31/2024
Description
Explore an exceptional investment opportunity in a strip-center boasting significant upside potential. Currently at 40% occupancy, this asset presents an exciting prospect for strategic growth and revenue generation. The exterior's transformation, highlighted by a newly paved parking lot, elevates the property's curb appeal, making a strong impression on prospective tenants and visitors alike.
This property is not merely a building; it's a canvas ripe for transformation. With 60% of the units available, investors have a unique chance to shape the tenant mix and optimize rental income. This is an extraordinary opportunity to mold an asset that aligns with your strategic vision, providing immediate operational upside and a pathway to achieving full occupancy and maximized returns.
More Information MLS# SC-871
Contract Information
Current Price: $1,990,000
List Price: $1,990,000
Status: Active
Listing Contract Date: 2024-01-31
Property Sub Type: Retail
Listing Agreement: Exclusive Right To Sell
Listing Service: Full Service
Buyer Brokerage Compensation: 2
Buyer Brokerage Compensation Type: %
Sub Agency Compensation Type: Other
Transaction Broker Compensation Type: Other
Dual Or Variable Rate Commission YN: No
Owner Name: JGM Tamaqua
Environmental Survey YN: No
Location, Tax, and Legal
Street Number: 565
Street Direction Prefix: W
Street Name: Penn Pike
Street Suffix: Pike
Municipality: Tamaqua Borough
State: PA
Postal Code: 18252
County: Schuylkill
High School District: Tamaqua Area
City Region: Tamaqua
Tax Annual Amount: 9000
Tax Year: 2024
Tax Assessed Value: 43000
Tax Information: TBD
Parcel Number: 37-04-0002.003
Zoning: C2
Zoning Description: Commercial
Directions: Route 209 South past Lehighton to Route 309 towards Tamaqua. Property on Route 309 South Tamaqua Plaza 565-567 West Penn Pike approx 3 miles on the left.
Tax Book Number: 0024/0011
General Property Information
Number Of Units Total: 10
Building Area Total: 19940
Building Area Total (Report Only): 19940
Enhanced Accessible: No
Year Built: 1988
Lot Size Acres: 2.6
Lot Size Dimensions: Unknown
Stories: 2
Sign On Property YN: Yes
Auction YN: No
List Price/SqFt: 99.8
Remarks and Miscellaneous
Public Remarks: Explore an exceptional investment opportunity in a strip-center boasting significant upside potential. Currently at 40% occupancy, this asset presents an exciting prospect for strategic growth and revenue generation. The exterior's transformation, highlighted by a newly paved parking lot, elevates the property's curb appeal, making a strong impression on prospective tenants and visitors alike.
This property is not merely a building; it's a canvas ripe for transformation. With 60% of the units available, investors have a unique chance to shape the tenant mix and optimize rental income. This is an extraordinary opportunity to mold an asset that aligns with your strategic vision, providing immediate operational upside and a pathway to achieving full occupancy and maximized returns.
Status Change Information
Major Change Timestamp: 2024-01-31T22:29:57Z
Major Change Type: New Listing
Status Change Timestamp: 2024-01-31
Property Features
Building Features: Expressway Location; Finished Office; Garage Bays; High Traffic Area; Turnkey Operations
Business Type: Church; Dental; Health Services; Pizza
Current Financing: Other
Current Use: Commercial
Levels: One
Listing Terms: Cash; Conventional
Parking Features: Parking Lot; Paved
Possession: Other
Property Condition: Updated/Remodeled
Road Frontage Type: City Street
Road Surface Type: Paved
Roof: Composition; Rubber; Wood
Sewer: Public Sewer
Structure Type: Mixed Use; Office; Retail
Tenant Pays: Sewer
Utilities: Cable Available; Electricity Available
Water Source: Public
Showing Requirements: Email Listing Agent; No Sign
Listing Office: ERA One Source Realty
Last Updated: January - 31 - 2024
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Information deemed reliable but not guaranteed.