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Key Details
Sold Price $80,000
Property Type Commercial
Sub Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 2,976 sqft
Price per Sqft $26
Subdivision No Subdivision
MLS Listing ID 631499
Sold Date 10/02/20
Year Built 1895
Annual Tax Amount $4,275
Lot Size 3,049 Sqft
Property Description
Great opportunity!!! Get your hand on this money maker before its gone! 2976 sqft building located in the heart of Lansford. Presently used as a liquor Store. The State leases the store from owner for $1,300. The landlord pays $4275 yearly in taxes, $677 yearly in insurance, $238 yearly for snow removal, and $180 a year in heater maintenance total expenses $5370. Gross income is $15,600 yearly with net income being $10,230. Solid building. Seller can owner finance for acceptable buyer. Cap rate over 10% despite no rent increase in years. Lease amount should be $1600 plus from State.
Location
State PA
County Carbon
Area Lansford
Interior
Cooling Central AC
Exterior
Garage None
Building
Sewer Public
Water Public
New Construction No
Schools
School District Panther Valley
Others
Financing Cash,Conventional
Special Listing Condition Not Applicable
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Bought with Keller Williams Real Estate