20 N Front St, Bally, PA Unit 2, Bally, PA 19503 For Sale

Condominium 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 One Hundred Four Thousand Dollars ($3,104,000.00 - $56/SF). The unit sits on approximately 1.5 acres of groundand is improved by a 55,621-sf warehouse condominium with egress/ingress off of 3rd Street to the north and Front Street from the south.

The unit represents an interesting opportunity for either a warehouse investor or user-buyer. An investor can purchase the unit at a per square foot basis that is low relative to germane sale comparables and offers the upside of 23% vacancy to boost future net operating income (NOI). A user-buyer can occupy all or a portion of unit 2. All current tenants have landlord options to terminate leases or relocation rights to move tenants around within units or to different units on the campus. Thus, a user-buyer has the optionality to keep tenant income to help cover property expenses and debt service or can terminate leases and occupy those already occupied spaces.

Property features include 15’-22’ ceiling clear heights, three (3) drivein 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.