Frackville, PA 17931- 4,350 sq ft Downtown retail with office, garage and 2 Two bedroom apartments
125 South Lehigh Frackville, PA 17931
MIXED COMMERCIAL RESIDENTIAL IN A POPULAR DOWNTOWN LOCATION AT A GREAT PRICE
Sold with clear title no back taxes or liens. Title insurance provided.
Gross Income potential: $45,600/ year
Ideal for owner occupier who could occupy and do business from the retail unit or back office and live in one apartment and have further income by renting out the other units or for the savvy investor who can add to their portfolio a good income mixed use property that's ready to rent out.
Three storey building with retail on the first floor and 2 Two bedroom apartments on the upper floors. At the back it has a double garage and an 4 rooms office above. All on 3,920 sq ft lot. The property faces two streets, Lehigh St on the front with the main retail and building and S Mahanoy St at the back with the double garage and office above.
Front building- Three storey: Retail store with 2 apartments above, each consisting of : 1 living room, 1 kitchen, 2 bedrooms, 1 bathroom. Total area: 3,346 sq ft
Back Building: Two storey: Large double door garage with office above , total area of about 1,000 sq ft. The second floor office at the back may be turned into another apartment, the garage may be turned into a workshop (subject to zoning)
Condition:
The front building which houses the main retail unit and two 2 Bedroom apartments is tidy and clean and in good condition and minimal work is needed to get them ready for occupation. The back building which houses the office and the garage had a roof leak which caused some damage to the ceiling and floor of the office on the second floor which will need to be repaired and decorated. The roof has since been repaired and leak stopped.
Great Location:
Highly visible, this is a great location for a variety of businesses
The property is location on one of the main commercial streets in Downtown Frackville. All properties on the street are very well kept and the property faces a busy with lots of traffic in the daytime which is good for the retail unit and there is ample parking on both sides of the street.
The street has many stores, banks, and is a good mix of commercial and residential.
Directions: Interstate 81 South to Frackville Exit. Right on Lehigh St. Property on the right.
For the surrounding community of Frackville, PA 17931, the nearby schools include Schuylkill Technology Centers North Campus, Shenandoah Valley Jshs and Shenandoah Valley El Sch. The overall crime risk for this area is very low and the natural disaster risk for this area includes very low earthquake risk, and low tornado risk.*
*Realtytrac.com
The property is on a busy street close to many local facilities and amenities:
Restaurants
Amberdeens (.05mi), Original Italian Pizza Restaurant (.06mi), Lewie's Restaurant (.08mi), China Panda (.1mi), Sweet Pizzz Pizza (.1mi), Roman's Lounge & Catering (.2mi), Mazz's Corner Café (.3mi), Pizza's Place (.3mi), Little Anthony's 2nd Street Pizza Shop (.3mi), Anthony's Pizza & Subs (.3mi), Dutch Kitchen Restaurant (.3mi), Subway (.4mi), McDonald's (1mi), Cracker Barrel Old Country Store (1.1mi), Suglia's Pizzeria & Restaurant (1.1mi), Arby's (1.1mi), Columbia Hose Company (2.6mi), Lucky's Corner Deli (2.6mi), Domino's Pizza (2.7mi), RJ and Friends (2.7mi), BURGER KING® (2.8mi), Tony's Lunch (2.9mi), Centiole's Pizza (2.9mi), Mike's Seafood (2.9mi)
Bars
The Olde Dawg Inn (.2mi), The Quart House (.4mi), American Crow Bar (2.7mi), West Street Pub (2.7mi), M & T Take Out (2.9mi), 2nd St Pub (2.9mi), Cinco's Tavern (2.9mi), Wayne Hotel (2.9mi)
Groceries
Boyer's Food Markets Inc (.4mi), Big Lots (1.2mi), Redner's Quick Shoppe (2mi), Redner's Warehouse Markets (2mi), Boyer's Food Market (2.7mi), Nunez Market (2.9mi)
Schools
Schuylkill Technology Centers-North Campus (.5mi), Shenandoah Valley Junior/Senior High School (2.7mi), Trinity Academy (2.8mi), North Schuylkill Elementary School (3.4mi), Academy of the Blessed Virgin Mary (4.9mi)
Shopping
New to You (.07mi), City Shirt Co (.8mi), Gertrude Hawk Chocolates (.9mi), Cinderella's Closet (1.1mi), The Avalon Shoppe (1.1mi), Deb Shops (1.1mi), Victoria's Secret & PINK (1.1mi), Dockers (1.1mi), Bath & Body Works (1.1mi), Girardville Beverage (2.4mi), Jiffy Mart (2.9mi), Gold Star Beverage Inc (3mi)
Entertainment
Schuylkill Mall Theater (1.1mi), Schuylkill Historical Fire (2.9mi)
Errands
Master Supply (.1mi), M&T Bank (.2mi), Melanie L. Sarno, PharmD (.4mi), Miners Bank (.4mi), WELLS FARGO BANK (.5mi), Knbt (.9mi), Renee M. Motsko, RPh (2mi), Liquid Technologies (2.8mi), Marks Supply Co (2.8mi), M&T Bank (2.9mi), Rite Aid Pharmacy (2.9mi)
Demographics 1 miles 3 miles 5 miles
2015 Total Population 5,047 11,615 21,994
% 2015 White alone 97.13% 92.83% 86.81%
Average Household Income: $54,052 $49,857 $49,950
THIS IS A UNIQUE OPPORTUNITY FOR THE SAVVY BUSINESS OWNER, DEVELOPER OR INVESTOR TO OWN A POTENTIALLY HIGH INCOME PROPERTY AT A DISCOUNTED PRICE IN A GREAT LOCATION.
Great investment opportunity:
The average asking price for all Frackville Retail properties, based on data gathered from LoopNet.com is $113/SF.The average asking rent for all Frackville Retail properties, based on data gathered from LoopNet.com is $14/SF/Year. *
Rental income for 2 bedroom units in this area: $700/ month**
* loopnet.com **hotpads.com
Comparables For Sale:
9 Industrial Rd Frackville- 5000 sq ft- $323,000
Excellent rental income:
Based on the above figure the rental income of the property is:
Front retail (1300 sq ft): $1,500/ month
Two 2 bedroom apartments: $1400/ month
Back office and garage: $900/ month
Gross Total Rental Income: $3,800 ($45,600/ year)
Real Estate Taxes:
Schuylkill County Parcel ID #: 43-04-0251.000
Yearly Tax: $1,496
PROPERTY IS SOLD AS IS, WHERE IS-
Sold with clear title no back taxes or liens. Title insurance provided.
Winning bidder must contact the seller within 24 Hours after the close of the auction with full details of the buyer.
Buyer will also be responsible for $500 deed prep and doc fee as well as 8 % premium.
10% non-refundable deposit, auction premium and $500 deed preparation and doc fee are due within 48 hours of auction close.
Final Payment to be made within 2 weeks of the Auction close.
All bidders to do their due diligence. No statement anywhere, whether express or implied, shall be deemed a warranty or representation by the Seller regarding these assets. All buyers are deemed to have relied entirely on their own information, judgments and inspections of the property in making the decision to purchase the property.
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