Listed by Berkshire Hathaway HomeServices Homesale Realty Schuylkill Haven
$525,000
91 Progress Avenue
Details
APN 68-28-0042.001
Property Type Office
Sub Type Medical Office
Square Footage 9,800
Cap Rate 7.00%
NOI $36,575
Occupancy 100%
Tenancy Multi
Lease Type Gross
Year Built 1950
Acreage 0.110
Zoning C-3, Commercial
Ownership Fee Simple
100% Occupied, stable long term tenants.
Marketing description
100 % Leased Downtown Pottsville Office/Medical Building. Located one block from Mahantongo Street parking deck. Recent renovations to the interior are still like new. Currently leased is the approximate 4,400 on the main level with three (3) room bonus area on an upper floor of approximately 1,000 square feet. The ground level is approximately 4,400 square feet with a different Tenant. Both Tenants have Gross Leases. The Building is offered for sale at and approximate 7% CAP, $525,000.00. The initial five year term for the main floor Tenant started 12-1-2023, with options. The Tenant on the ground level floor has a 5 year lease that started July 1, 2023, with options. Both leases have annual 2% increases. Call for details.
Investment highlights
- Accessibility: Ramp - Main Level
- Exterior: Brick, Concrete
- Flooring: Carpet, Laminated
- Lot Dimensions: 0.11 Acre(S)
- Municipality: Pottsville
- Parking Notes: Public
- Sewer: Public Sewer
- Utilities: Above Ground, Cable Tv Available, Electric Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
- Water: Public
- Parking Type: On Street, Public
Listing Contacts
Listed by Berkshire Hathaway HomeServices Homesale Realty Schuylkill Haven
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$36,575.00
$3,047.92/mo
Valuation Metrics
0
DSCR
6.97%
Cap Rate
6.97%
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
