Great Investment Opportunity
7,110 SqFt Industrial Building with shop and office space and Value Add potential
Marketing description
Value is in the property. Investment opportunity. For Sale listing price $250,000 for 2 parcels total lot size is 83’ x 180’. About 4,308 SF parcel or 0.09 Acre with 7109.7 sq. ft interior building space. Located at main red light in Harrisville. Across the street from Sheetz. At the intersection of Route 8 and Route 58 (East Mercer Street). Building has well water and public sewage ($60/mo to Harrrisville Boro), electric and gas service. Butler County, Harrisville Borough.
There are three separate areas of the building (garage, shop and store). The building was an auto parts store and auto repair garage. The areas have been leased separately in the past. Current Lessee is month to month. 30-day notice is required to terminate lease. 3 separate electric meters with West Penn Power. 2 separate gas meters, plumbed for easy addition of 3rd gas meter with Columbia Gas. Shop area in the rear has an oil furnace. Store area has new gas furnace in 2018. Complete new roof in 2017. Fall tax (school) $4,035.23 Spring Tax (property) $1622.48. Building has one single toilet & sink in a shared hallway. Additional bathrooms could be added. All Tenants are responsible for their own utilities.
Investment highlights
1st Floor Store area is 100' x 23' = 2300 sq ft with ceiling height of 13’4”and this space has a new gas furnace (2018). Single door exterior entrance from street side. Rent $1100/mo plus electric, gas and sewage.
2nd Floor area is 2300 sq ft with ceiling height of 9’ in unfinished condition and is accessible by interior stairs. Exterior steps can be added. Gas furnace can be added. Space is rough, unfinished "as is".
Attached double garage space: 45’4”x 29’ = 1313.7 sq ft, has 2- 10x10 garage doors and ceiling height is 12’11” with small, attached office space. Gas forced air heat, utility sink with hot water, through wall AC and associated parking area. Updated electric with modern breaker box. Rent for just garage area is $950/mo
Attached shop space in rear of building: 52’ x 23’= 1196 sq ft with ceiling height 10’3” and a single barn door opening of 9’2” x9’4”. Fuel oil furnace plus associated parking area behind building. 2 ceiling fans. Updated electric with modern breaker box. Rent for just shop area is $600/mo
Rent for 7,110 SF x $5/SF = $35,550/12 = $2,650/month
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