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Listed by Kenneth Scott CENTURY 21 ALL SERVICE, INC.
$ 297,500
Est. payment /mo
Active Under Contract
1478 Railroad Street Summerhill, PA 15958
8,000 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 8,000 sqft
Price per Sqft $37
MLS Listing ID 96042314
Annual Tax Amount $4,044
Lot Size 0.520 Acres
Lot Dimensions irregular
Property Sub-Type Commercial
Property Description
Income-producing mixed-use opportunity in St. Michael area! Formerly home to Ray's Lawnmower Sales & Service, this approximately 8,000 sq. ft. property combines substantial commercial space with existing residential rental income and additional value-add potential. The first floor offers approximately 4,000 sq. ft. of commercial space featuring a large showroom, service/work areas, storage, three garage bays, paved parking, and excellent frontage and visibility along Route 53. The space is a well proven successful site location for any entrepreneur or investor looking to add to the portfolio. The approximately 4,000 sq. ft. second floor is configured for four (4) residential units. The 3 existing units are 2 bedroom 1 bath rentals with eat in kitchen with laundry. Two apartments are currently rented and producing income, a third is finished and needs only some TLC before being ready for occupancy, and a fourth unit remains available for future build-out. Two units also feature rear decks. Separate utilities add to the investment appeal. Current residential rents are believed to be below market, providing potential for increased income over time. Leases are month to month. Additional features include mini-split systems in the showroom, in-unit laundry with washer, dryer, and stove in three units as well as refrigerators for 3 units, and a newer roof. This property offers a rare combination of existing cash flow with additional income (rental) upside, and approximately 4,000 sq. ft. of usable commercial space for an owner-user or investor. Real estate only. Ray's Lawnmower Sales & Service business, inventory, and equipment are not included in the sale. The Business name that went with the long established business can be included in in the transaction as well, for anyone looking to continue a lawn mower service operation.
Location
State PA
Area Cambria County
Zoning Unverified
Exterior
Parking Features Integral, Multiple, Off Street
Garage Spaces 3.0
Roof Type Asphalt
Garage Yes
Building
Story 2
Water Public
Schools
School District Forest Hills
Others
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