$795,000

159-161 S Baltimore St

DILLSBURG PA, 17019

Description

Howard Hanna Real Estate Services is pleased to offer for sale this exceptional commercial building in Dillsburg, PA perfect for Investment or owner/user. This property is located in a high traffic area of town (9,150 estimated daily traffic count) and snuggly in the TC ~ Town Center zoning district which allows a myriad of uses. The main level consists of 5,280 square feet of space and an additional 1,650 square feet of space. This includes an office, ADA bathroom and warehouse space with loading dock that enhances this exceptional investor opportunity. The property was recently upgraded to 200-amp electrical service and has an oil-fired heating system with central A/C serving the main level. The upper level has a covered porch/deck area and two residential apartments that are currently rented ~ producing $1,600 monthly income. These apartments were recently upgraded. The property owns 8 parking spaces and rents the adjoining parking lot (approximately 25+ vehicles) for $410 per month. The property is available after September 1, 2020. The current tenant has a triple Net lease. Owner is responsible only for parking rental and general building upkeep (approximately $2,500 per year). Based upon a $12.00 per square foot retail rental, $6.00 per square foot warehouse rental and current apartment rental ~ the CAP Rate is 10.01%.Bring your business to Dillsburg in south central Pennsylvania ~ an area of growth.

Details

MLS#PAYK129144
Listing TypeFor Sale
StyleIndustrial
Sub-TypeResale
StatusActive
Year1900
Days On Site89

Features

SQ Feet6,910
Story(s)0
Units2
ZoningTC- TOWN CENTER

Market Activity 17019

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Area Information

StatePA
CityDILLSBURG
Zip Code17019
AreaDillsburg Boro (15258)
Listing VS Median (in 17019)
Price:
$795,000
low | high
Med:
$192,450
100% of Average
SqFt:
6,910
low | high
Med:
0
100% of Average
$ / SqFt:
$115
low | high
Med:
$0
100% of Average
On Site:
89
low | high
Med:
350
25.428571428571% of Average
Listing Updated: 02/28/2020
MLS Number: PAYK129144
Listing Provided By:
RICHARD TUCKER  of  Howard Hanna Company-Camp Hill