20 N Front St, Bally, PA - Unit 2
User Warehouse Condo | 50,670 SF | Right of Relocation for Existing Tenants
Marketing description
Unit 2 at 20 North Front Street in Bally, PA (“20 N Front Street” or “Unit 2”) is currently on the market for sale at an asking price of Three Million Three Hundred Thirty-Five Thousand Dollars ($3,350,000.00). The unit sits on approximately 1.5 acres of ground and is improved by a 59,245-sf warehouse condominium with egress/ingress off of 3rd Street to the north and Front Street from the south. The unit represents a perfect opportunity for a user-buyer to acquire a warehouse condominium at a reasonable per square foot basis with the optionality to exercise Right to Relocation clauses in existing tenant leases to allow for a large portion of the unit to be available for occupancy within 60 days’ notice. Additional features for the unit include 15’-22’ ceiling clear heights, four (4) drive-in doors with two (2) of those doors being oversized drive-in doors and four (4) dock doors. The unit is serviced by overhead heaters throughout and is fully sprinklered.
Investment highlights
USER-BUYER OPPORTUNITY
Opportunity for a user-buyer in search of space for storage, warehousing, or manufacturing uses with proximity to major local population centers.
ATTRACTIVE COST BASIS
The property can be acquired at a purchase price well below replacements costs and an attractive cost basis versus similar industrial properties locally (< $57 psf).
DOCK DOOR EXPANSION OPPORTUNITY
Previous ownership had been given approvals from the Bally Borough for permitting required for replacement of the existing loading dock on the north side of the building along 3rd Street and the addition of two (2) new loading dock doors.
OPTIONALITY WITH OTHER TENANTS
An investment in unit 2 allows a buyer to determine how much space and where they would like to occupy in the unit. Two (2) of the three (3) current lessees have clauses in their leases for the landlords Right to Relocate them anywhere else in the Bally Brook Industrial Park. A user-buyer can keep certain tenants in their unit to help cover property level expenses and debt service on their mortgage. The only tenant without that clause in their lease (Great American Weaving Corp) is physically located in and area outside of the main unit 2 portion of the property.
MORTGAGE COVERAGE OPPORTUNITY FOR A SMALL USER
There is +/- 23,840 sf of vacant space in unit 2. A small user can cashflow at $155,506 annually in year 1 and cover 93% of their debt service on a 30-year note at 5.70% annually, 70% loan to value.
ADDITIONAL COTENANCY OPPORTUNITY
There is another 4,500-sf tenant elsewhere on the campus that is currently paying $6.50 psf nnn rents that can be moved into this unit as well.
CONVEYANCE
Via Fee Simple Deed subject to terms, restrictions and obligations created by the Declaration of Condominium For Bally Brook Industrial Condominium dated July 24, 2025. There is no assumable financing available.
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Is there information that looks off?
