LOW RISK INVESTMENT! Historical Commercial Building generating an 11.3% Cap Rate - 8208 SF of solid potential at a 15.5% Potential Cap Rate! There is with plenty of room to dream with, 3 finished office spaces filled with long term established businesses on the first floor (current income generates more than payment obligations).Spacious 2 bedroom apartment space being refinished (90% complete) on the second floor for additional immediate income and a large open space on the third floor with spectacular views. The beautiful, original brick is visible on some walls of the second floor and all walls of the third. The second and third floors have a separate outside entrance. The building is located in the busy Bridge Street Business section of Galeton, right next door to the post office, adjacent to the Nittany Minute Mart, and immediately off Route 6 with ample paved parking. Seller is highly motivated and will consider all realistic offers!
|Forced air heat|
|School district: Galeton|
|Address||Distance||Sale date||Sale price|
|57 GERMANIA ST||0.31 mi.||2/2/2016||$13,000|
|0 1ST ST||0.82 mi.||8/12/2016||$7,500|
|722 CRIPPEN RUN RD||5 mi.||1/29/2016||$175,000|