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Keller Williams Keystone Realty
1935 W Market St, Pottsville, PA 17901
- $675,000
- List Price
- $675,000
- Days on Market
- 3
- Status
- ACTIVE
- MLS#
- PASK2030190
- Lot Size (Acres)
- 0.67
- Year Built
- 1920
- County
- Schuylkill
- School District
- Pottsville Area
Property Description
Commercial investment property in Pottsville offering 26,361 square feet, long-term tenants, and 3% seller financing with the first payment not due until six months after purchase. The property currently generates $100,440 in annual gross rents, with tenants in place for over 10 years on month-to-month leases. Seller financing terms include $81,250 down, $2,604.21 monthly payments, 28-year amortization, a 10-year balloon, and no prepayment penalty. Current annual NOI is reported at $36,373.55 with a reported cap rate of 5.82%. After separating utilities, projected annual NOI is $37,841.16, with a projected 6.05% cap rate and 5.07% cash-on-cash return. The landlord currently pays utilities, providing an opportunity to improve cash flow through separate metering. The building features seven bathrooms, electric heat pumps, a high-efficiency gas boiler, public water and sewer, and approximately 30–40 parking spaces. A corner of the parking lot retaining wall is beginning to lean. Photos, floor plans, GIS map, and additional financial information are available upon request. Buyer to verify all financial information and projections.
Additional Information
- Area
- Pottsville (13368)
- School District
- Pottsville Area
- Heating
- Forced Air
- Cooling
- Central Air
- Water
- Public
- Sewer
- Public Sewer
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Listing courtesy of Realty One Group Supreme. Contact: