Brick & Bond Real Estate and Development
Listed by Brick & Bond Real Estate and Development
$675,000
70 N Dresser Road
Details
APN 09-02.00-058C
Property Type Land, Office
Sub Type Commercial
Cap Rate 5.49%
NOI $37,040
Occupancy 100%
Pro-Forma Cap Rate 5.83%
Pro-Forma NOI $39,330
Buildings 1
Acreage 2.970
Zoning A
Land | 2.97 acres
Marketing description
Discover exceptional potential in this versatile 7,000+ sq ft commercial property situated just minutes from charming downtown Wellsboro. This property offers ample parking, wide driveway, and high visibility from Route 287 which one of Tioga County’s most traveled corridors. The 2.97-acre lot provides room for outdoor operations, future expansion, or additional construction.
Investment highlights
Former cabinet shop, has been used for office and industry storage for the last several years.
Income producing property with multi-year tenant.
Offered at a 5.5% Cap Rate
Listing Contacts
Brick & Bond Real Estate and Development
Listed by Brick & Bond Real Estate and Development
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$37,040.00
$3,086.67/mo
Valuation Metrics
0
DSCR
5.49%
Cap Rate
5.49%
ROI
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