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1031 N BROAD ST Lansdale, PA 19446
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Key Details
Sold Price $599,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Subdivision None Available
MLS Listing ID 1002518416
Sold Date 07/17/16
HOA Y/N N
Originating Board TREND
Year Built 1950
Annual Tax Amount $7,810
Tax Year 2016
Lot Size 0.547 Acres
Acres 0.53
Lot Dimensions 60
Property Description
MASSIVE PRICE REDUCTION!!!...NOW AN AMAZING OPPORTUNITY IN A GREAT LOCATION! The 5020 Square Foot Building consists of 1 COMMERCIAL UNIT, 4 APARTMENTS and a 2+ CAR GARAGE. The four apartments are currently rented for a total of $3435/month. The commercial space that was home to Mariano's Tavern for 47 years, has a projected rent of $3500/month. There is a 2+ car attached garage at the rear of the building projected at $175/month. Property is surrounded by medical & dental offices, restaurants, car dealerships, auto repair shops, real estate offices, bakery, auto parts supplier, and adjoins the property of Abington Health - Lansdale Hospital. Central Smoke Alarm System for all 5 units. Recent improvements include FIVE NEW GAS HEATERS with 6 total zones in 2013, a NEW ROOF in 2007, NEW WATER HEATER in 2015 that serves all units. The possibilities are endless....retail, services, offices, BYOB, additional apartments, etc. with Hatfield Township Approval. Broad Street is a 5+ mile main thoroughfare in the North Penn Area, running from Bethlehem Pike (Rt 309) to Morris Road. There is a Turning Lane in Front of the Property, providing easy access from either direction. The property adjoins a paper street (Cleveland Street). FIVE TOTAL LOTS provide 68 parking spaces on .53 acre. (( 5 Lots & Bldg Total Real Estate Taxes for 2014 were $9049. Total Taxable Assessment is $291,200. MLS shows front lot only.)) Opportunity Knocks. Realtor is Related to Sellers.
Location
State PA
County Montgomery
Area Hatfield Twp (10635)
Zoning C
Rooms
Other Rooms Primary Bedroom
Interior
Cooling Central A/C
Flooring Tile/Brick, Wood, Carpet
Fireplace N
Exterior
Utilities Available Water Available, Sewer Available, Natural Gas Available, Phone, Cable TV Available
Water Access N
Roof Type Pitched,Shingle
Road Frontage Boro/Township
Garage N
Building
Building Description Paneled Walls,Other,Plaster Walls, Public Restrooms,Private Restrooms,Ceiling Fans,Compressor,Fire Alarm,Kitchen,Refrigerator(s),Safe/Vault
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
Structure Type Paneled Walls,Other,Plaster Walls
New Construction N
Schools
School District North Penn
Others
Tax ID 35-00-01258-003
Ownership Fee Simple
Acceptable Financing Conventional
Listing Terms Conventional
Financing Conventional
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Bought with Jordan Mariano • Weichert Realtors