Rt 100 1486 Rt 100, N. Coventry Twp, Chesco 23,000 SF 100% Leased Retail Building Pottstown, PA 19465 $2,500,000 ($108.70/SF) 5.20% Cap Rate
INVESTMENT HIGHLIGHTS
- 100% leased.
- Does it get much better than Rt 100 road frontage???
- Tenant longevity.
- Concentrated retail area.
EXECUTIVE SUMMARY
ANOTHER 422 OPPORTUNITY !!! This is a 3 building, 4 tenant investment property situated on 3+ acres. Property is 100% leased. NOI is approx $130k+/year. Taxes for '24 at 2% discount are $25849, insurance is $12575 and CAM is $25000. 3 tenants are multi-year terms, 1 tenant prefers renewing year-to-year, and has done so for 15-20 years. Seller specifies sale, "As Is". Rear home on 1.44 acres can also be purchased for additional monies and is also zoned C-1. Total square footage of all leased space is 23,000 and this includes upper and lower levels.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
23,000 SF
Building Class
C
Year Built
1980
Price
$2,500,000
Price Per SF
$108.70
Cap Rate
5.20%
NOI
$130,000
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.17
Lot Size
3.02 AC
Zoning
C-1 - C-1 represents the most intensive commercial zoning aside from shopping center, in township.
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 17-007-0237.0000 | Improvements Assessment | $469,680 |
| Land Assessment | $105,300 | Total Assessment | $574,980 |
