1095 Texas Palmyra Highway, Honesdale, PA 18431 (MLS# 20-2579)
1095 Texas Palmyra Highway, Honesdale, PA 18431
$970,000
Property Type:
Commercial Sale
Square Footage:
30,000
Lot Size (sq. ft.):
81,893
Status:
Closed
Current Price:
$970,000
List Date:
3/06/2021
Last Modified:
9/14/2024
Description
Great investment opportunity. Fully occupied strip plaza on 1.88 acres with long term leases. 7.8% CAP at listing price. Being sold below appraised value. Recent bank appraisal came in at $1,475,000. Located on busy US Route 6 east of Honesdale. PennDOT Traffic Count over 16,000 vehicles per day. Building is in excellent condition. Public sewer, natural gas, well water on site. 80 paved parking spaces. Great signage. Approved PennDOT HOP. Property consists of 2 parcels Tax ID #27-0-0019-0008 and #27-0-0019-0009. Taxes shown are for both parcels., Tax Information: Available, Ceiling Height: Up to 8' - Y, Ceiling Height: 9' to 12'- Y, No Overhead Door: Y
More Information MLS# 20-2579
Contract Information
Current Price: $970,000
Sold Price: $970,000
Status: Closed
Listing Contract Date: 2020-07-09
Property Attached YN: No
Listing Agreement: Exclusive Right To Sell
Owner Name: G's Plaza LLC
Environmental Survey YN: No
Location Tax and Legal
Street Number: 1095
Street Name: Texas Palmyra
Street Suffix: Highway
State: PA
Postal Code: 18431
County: Wayne
General Property Information
Building Area Total: 30000
Building Area Total (Report Only): 30000
Enhanced Accessible: No
Year Built: 1980
Building Name: N/A
Parking Total: 80
Lot Size Acres: 1.88
Lot Size Dimensions: 185x524x150x458
Land Lease YN: No
Waterfront YN: No
Basement YN: No
Stories: 1
Sign On Property YN: Yes
Auction YN: No
List Price/SqFt: 33.17
Sold Price/SqFt: 32.33
Remarks and Miscellaneous
Public Remarks: Great investment opportunity. Fully occupied strip plaza on 1.88 acres with long term leases. 7.8% CAP at listing price. Being sold below appraised value. Recent bank appraisal came in at $1,475,000. Located on busy US Route 6 east of Honesdale. PennDOT Traffic Count over 16,000 vehicles per day. Building is in excellent condition. Public sewer, natural gas, well water on site. 80 paved parking spaces. Great signage. Approved PennDOT HOP. Property consists of 2 parcels Tax ID #27-0-0019-0008 and #27-0-0019-0009. Taxes shown are for both parcels., Tax Information: Available, Ceiling Height: Up to 8' - Y, Ceiling Height: 9' to 12'- Y, No Overhead Door: Y
Exclusions: No
Status Change Information
Major Change Timestamp: 2022-06-25T15:47:12Z
Major Change Type: Status Change
Price Change Timestamp: 2021-07-29T20:27:44Z
Status Change Timestamp: 2022-06-25
Purchase Contract Date: 2022-01-20
Close Date: 2022-06-24
Close Price: 970000
Concessions: No
Buyer Financing: Conventional
Building Features
Included In Contract: Land/Building
Office SqFt: 15000
Retail SqFt: 15000
Income and Expenses
Net Operating Income: 77151
Road Frontage Type
Road Frontage Length: 185
Property Features
Building Features: Established Business; High Traffic Area; Prime Location; Separate Utilities
Construction Materials: Brick
Cooling: Central Air
Current Use: Shopping Center
Electric: 200+ Amp Service; Phase 3
Exterior Features: Lighting
Flooring: Carpet; Ceramic Tile; Concrete; Vinyl
Heating: Electric; Natural Gas; Zoned
Levels: One
Listing Terms: Cash; Conventional
Lot Features: Cleared; Level; Near Central Business District; Near Shopping Center
Parking Features: Asphalt; Paved
Possession: Negotiable
Road Frontage Type: Highway
Road Surface Type: Paved
Roof: Metal
Sewer: Public Sewer
Water Source: Well
Showing Requirements: Appointment Only; Call Listing Agent
Listing Office: Davis R. Chant - Hawley
Last Updated: September - 14 - 2024
Information deemed reliable but not guaranteed.