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Listed by Dave Thomas • RE/MAX Action Associates
$ 1,100,000
Est. payment | /mo
3.2 Acres Lot
$ 1,100,000
Est. payment | /mo
3.2 Acres Lot
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Under Contract
Purchase Type For Sale
MLS Listing ID PACT2121192
Year Built 1924
Annual Tax Amount $12,311
Tax Year 2021
Lot Size 3.200 Acres
Acres 3.2
Property Sub-Type Mixed Use
Source BRIGHT
Property Description
This property offers a unique investment opportunity with multiple income streams. The seller has obtained township approval to construct a 5,000 SF warehouse-style building, bringing the total to three potential income-producing structures. Currently, there is a 7,152 SF Building that was a school housethen the district court. Full-size basement as well. The second building is 3,520 and consists of 4 -Garages, with powder rooms and heaters.
Since acquiring the property, the owner has made significant upgrades, including the installation of new heating systems and central air, a new septic system designed to support both the existing buildings and the proposed 5,000 SF warehouse, and a new buried propane tank. The upstairs of the main front building has also been fully remodeled. New Electric. Powder rooms added to units in the rear garage.
The property is currently 100% occupied, with manageable lease terms that provide flexibility for a potential owner-occupant. Existing tenants have expressed interest in remaining, though all tenancy arrangements will be subject to the new owner's plans.
All buyers are responsible for independently verifying the details of the listing. If desired, the seller is open to discussing the construction of the approved 5,000 SF warehouse as part of the transaction.
Since acquiring the property, the owner has made significant upgrades, including the installation of new heating systems and central air, a new septic system designed to support both the existing buildings and the proposed 5,000 SF warehouse, and a new buried propane tank. The upstairs of the main front building has also been fully remodeled. New Electric. Powder rooms added to units in the rear garage.
The property is currently 100% occupied, with manageable lease terms that provide flexibility for a potential owner-occupant. Existing tenants have expressed interest in remaining, though all tenancy arrangements will be subject to the new owner's plans.
All buyers are responsible for independently verifying the details of the listing. If desired, the seller is open to discussing the construction of the approved 5,000 SF warehouse as part of the transaction.
Location
State PA
County Chester
Area South Coventry Twp (10320)
Zoning C1
Interior
Hot Water Oil
Heating Forced Air
Cooling Central A/C
Heat Source Oil
Exterior
Garage Spaces 70.0
Water Access N
Accessibility Ramp - Main Level
Total Parking Spaces 70
Garage N
Building
Sewer On Site Septic
Water Well
New Construction N
Schools
School District Owen J Roberts
Others
Tax ID 20-04 -0124
Ownership Fee Simple
Special Listing Condition Standard
NEARBY SCHOOLS & PROPERTIES
GET MORE INFORMATION
David Burris
Principal / Agent License ID: 1973254
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