1095 Texas Palmyra Highway, Honesdale, PA 18431
$970,000
Property Type:
Commercial Sale
Square Footage:
15,000
Status:
Closed
Current Price:
$970,000
List Date:
3/06/2021
Last Modified:
9/11/2024
Overview
Description
Listing Details MLS# 20-2461
General Property Information
- Business Name
- Gs Plaza
- Number Of Buildings
- Yes
- Number Of Units Total
- 5
- SqFt. Above Grade (Legacy)
- 15000
- Building Area Total
- 15000
- Living Area
- 15000
- Lot Size Acres
- 1.88
- Water Body Name
- None
- Stories
- Yes
- Leasable Area
- 15000
- List Price/SqFt
- 66.33
- Sold Price/SqFt
- 64.67
Property Features
Building Features:
Equipment Included
Business Type:
Child Care; Medical; Professional Service; Professional/Office; Restaurant; Retail
Construction Materials:
Frame; Metal Siding
Cooling:
Central Air
Current Use:
Commercial; Other
Electric:
200+ Amp Service
Heating:
Electric; Natural Gas
Levels:
One
Listing Terms:
Cash; Conventional; Lease Option
Parking Features:
On Site
Possession:
Negotiable
Possible Use:
Office; Retail
Road Frontage Type:
City Street; Highway; Private Road
Road Surface Type:
Paved
Roof:
Other
Sewer:
Public Sewer
Utilities:
Natural Gas Available
Water Source:
Well
Contract Information
- Listing Contract Date
- 2020-07-09
- Property Attached YN
- No
Location Tax and Legal
- Street Number
- 1095
- Street Name
- Texas Palmyra
- Street Suffix
- Highway
- County
- Wayne
- State
- PA
- Postal Code
- 18431
- Subdivision Name
- None
Remarks and Miscellaneous
- Public Remarks
- Great investment opportunity. Fully occupied strip plaza on 1.88 acres with long term leases. 7.8% CAP at listing price. Being sold below appraised value. Recent bank appraisal came in at $1,475,000. Located on busy US Route 6 east of Honesdale. PennDOT Traffic Count over 16,000 vehicles per day. Building is in excellent condition. Public sewer, natural gas, well water on site. 80 paved parking spaces. Great signage. Approved PennDOT HOP. Property consists of 2 parcels Tax ID #27-0-0019-0008 and #27-0-0019-0009. Taxes shown are for both parcels., Ceiling: 0-9FT,10-12FT
Status Change Information
- Major Change Timestamp
- 2022-06-25T15:29:04Z
- Major Change Type
- Status Change
- Price Change Timestamp
- 2021-07-29T20:26:06Z
- Purchase Contract Date
- 2022-01-20
- Close Date
- 2022-06-24
- Close Price
- 970000
More Information
Building Features
- Included In Contract
- Building Only
Income and Expenses
- Cap Rate
- 7.8
- Gross Income
- 122400
- Net Operating Income
- 77151
Road Frontage Type
- Road Frontage Length
- 185
Listing Office:
Davis R. Chant - Lake Wallenpaupack
Last Updated: September - 11 - 2024
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