$970,000
Honesdale, PA 18431
MLS# 20-2461
Status: Closed
15000 sqft
1 / 10
Property Description
Great investment opportunity. Fully occupied strip plaza on 1.88 acres with long term leases. 7.8% CAP at listing price. Being sold below appraised value. Recent bank appraisal came in at $1,475,000. Located on busy US Route 6 east of Honesdale. PennDOT Traffic Count over 16,000 vehicles per day. Building is in excellent condition. Public sewer, natural gas, well water on site. 80 paved parking spaces. Great signage. Approved PennDOT HOP. Property consists of 2 parcels Tax ID #27-0-0019-0008 and #27-0-0019-0009. Taxes shown are for both parcels., Ceiling: 0-9FT,10-12FT
Details
Contract Information
Property Attached YN: No
Current Price: $970,000
Sold Price: $970,000
Status: Closed
Listing Contract Date: 2020-07-09
Location, Tax, and Legal
Street Additional Info: 1095 Texas Palmyra Highway
Municipality: Texas Township 1&2
High School District: Wayne Highlands
Cnty&Muni Taxes (Legacy): 6994.76
School Tax Amount: 22653.53
Tax Annual Amount: 29648.29
Tax Assessed Value: 1251300
Parcel Number: 27-0-0019-0008
Additional Parcels Description: 27-0-0019-0009
Zoning Description: Commercial
Tax Book Number: R-5393/187
General Property Information
Business Name: Gs Plaza
Number Of Buildings: 1
Number Of Units Total: 5
Building Area Total: 15000
SqFt. Above Grade (Legacy): 15000
Lot Size Acres: 1.88
Water Body Name: None
Stories: 1
Leasable Area: 15000
List Price/SqFt: 66.33
Sold Price/SqFt: 64.67
Living Area: 15000
Remarks and Miscellaneous
Public Remarks: Great investment opportunity. Fully occupied strip plaza on 1.88 acres with long term leases. 7.8% CAP at listing price. Being sold below appraised value. Recent bank appraisal came in at $1,475,000. Located on busy US Route 6 east of Honesdale. PennDOT Traffic Count over 16,000 vehicles per day. Building is in excellent condition. Public sewer, natural gas, well water on site. 80 paved parking spaces. Great signage. Approved PennDOT HOP. Property consists of 2 parcels Tax ID #27-0-0019-0008 and #27-0-0019-0009. Taxes shown are for both parcels., Ceiling: 0-9FT,10-12FT
Construction Materials
Frame: 1
Metal Siding: 1
Cooling
Central Air: 1
Current Use
Commercial: 1
Other: 1
Electric
200+ Amp Service: 1
Heating
Electric: 1
Natural Gas: 1
Levels
One: 1
Listing Terms
Cash: 1
Conventional: 1
Lease Option: 1
Parking Features
On Site: 1
Possession
Negotiable: 1
Road Frontage Type
Road Frontage Length: 185
City Street: 1
Highway: 1
Private Road: 1
Road Surface Type
Paved: 1
Roof
Other: 1
Sewer
Public Sewer: 1
Utilities
Natural Gas Available: 1
Water Source
Well: 1
Income and Expenses
Cap Rate: 7.8
Gross Income: 122400
Net Operating Income: 77151
Building Features
Included In Contract: Building Only
Equipment Included: 1
Business Type
Child Care: 1
Medical: 1
Professional Service: 1
Professional/Office: 1
Restaurant: 1
Retail: 1
Possible Use
Office: 1
Retail: 1
Location Tax and Legal
Street Number: 1095
Street Name: Texas Palmyra
Street Suffix: Highway
County: Wayne
State: PA
Postal Code: 18431
Subdivision Name: None
Status Change Information
Major Change Timestamp: 2022-06-25T15:29:04Z
Major Change Type: Status Change
Price Change Timestamp: 2021-07-29T20:26:06Z
Purchase Contract Date: 2022-01-20
Close Date: 2022-06-24
Close Price: 970000
Property Features
Building Features: Equipment Included
Business Type: Child Care; Medical; Professional Service; Professional/Office; Restaurant; Retail
Construction Materials: Frame; Metal Siding
Cooling: Central Air
Current Use: Commercial; Other
Electric: 200+ Amp Service
Heating: Electric; Natural Gas
Levels: One
Listing Terms: Cash; Conventional; Lease Option
Parking Features: On Site
Possession: Negotiable
Possible Use: Office; Retail
Road Frontage Type: City Street; Highway; Private Road
Road Surface Type: Paved
Roof: Other
Sewer: Public Sewer
Utilities: Natural Gas Available
Water Source: Well
Listing Office: Davis R. Chant - Lake Wallenpaupack
Last Updated: September - 11 - 2024
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