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29667183
29667185

75 Germania St, Galeton, PA 16922 For Sale

MS
PA RS322803
Berkshire Hathaway HomeServices Hodrick Realty
Listed by Berkshire Hathaway HomeServices Hodrick Realty
$349,900
159 days on market
Updated 45 days ago

75 Germania St, Galeton, PA 16922

Details
APN 092-001 -065 & 066
Property Type Hospitality, Mixed Use (+2)
Sub Type Apartment Building, Day Care/Nursery (+1)
Square Footage 6,650
Net Rentable (SqFt) 6,650
Units 4
Cap Rate 0.31%
NOI $1,100
Occupancy 25%
Lease Type Modified
Price per SqFt $53
Year Built 1940
Stories 2
Acreage 0.330
Zoning comm/res
Investment Type Value Add
Ownership Fee Simple

4-source Versatile Commercial Investment on ATV Northern Trail

Marketing description

GALETON, PA – Discover a versatile commercial investment offering 4 potential income streams in the heart of Pennsylvania’s Northern Mountains. Located in Galeton, PA, home of the area’s famous Fourth of July fireworks - enjoyed right from your front door - this high-visibility property sits directly across from Berger Lake Park & recreation area and along an ATV-approved Northeast Trail access road connecting 600± miles of riding. The property currently produces $1,100/mo. in immediate income from the community building space & includes 2 residential rental units on the second floor. The expansive main-level space was formerly a restaurant & offers excellent flexibility for retail, professional offices, daycare, or other business uses. In addition, the building presents strong potential to renovate for additional residential rental units, allowing investors to expand income and maximize long-term returns. A rare opportunity combining visibility, income & outdoor recreation appeal.

Investment highlights

Unit 1 currently rented to Senior Center for $1100/mo - 2 Units upstairs ready for tenants - Main Retail Space can be renovated for 2-3 more residential units or various uses. Day Care seems to be the top priority for townspeople! Or additional rental units. This area and this location is directly on the Northern ATV Trail (600 miles) and would be an ideal location for a stop point hospitality investment for ATV users. There are county and program incentives for this in Potter County.

Listing Contacts

MS
PA RS322803
Berkshire Hathaway HomeServices Hodrick Realty
Listed by Berkshire Hathaway HomeServices Hodrick Realty

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$1,100.00
$91.67/mo

Valuation Metrics

0
DSCR
0.31%
Cap Rate
0.31%
ROI

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Additional Information

Name
Michelle Strange
License
RS322803
Brokerage
Berkshire Hathaway HomeServices Hodrick Realty
Brokerage Phone
570-724-1890
Title
Real Estate Sales Agent
Brokerage Address
98 Main Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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