385-391 Main, Kingston, PA 18704 (MLS# 20-2431)

385-391 Main, Kingston, PA 18704

$360,000

Property Type: Residential Income Lot Size (sq. ft.): 17,424 Status: Closed

Current Price: $360,000 List Date: 12/07/2020 Last Modified: 9/11/2024

Description

Purchase 2 large commercial multi-unit buildings in Kingston next to each other includes a successful togo pizza shop , 6 packs to go business. Full service kitchen, pizza shop, office, 7 large lease units, liquor license, beautiful bar, dining room and private parking lot. A great investment property high cap rate priced to sell with many options in the Kingston area just one block from Lowe's Home Improvement. Qualified Owner Financing Available - Call Agent for Details., Semi-Modern Kitchen: Y, Tax Information: Available, Kitchen: SemiMod, Baths: SemiMod, SqFt Fin - 3rd: 0.00, SqFt Fin - Main: 5600.00, SqFt Fin - 2nd: 4000.00

More Information MLS# 20-2431

Contract Information

Current Price: $360,000 Sold Price: $360,000 Status: Closed Listing Contract Date: 2020-07-03 Property Sub Type: Multi Family Property Attached YN: No Listing Agreement: Exclusive Agency Owner Name: N. Chirico

Location Tax and Legal

Street Number: 385-391 Street Name: Main State: PA Postal Code: 18704 County: Luzerne

General Property Information

Number Of Buildings: 2 Number Of Units Total: 7 Above Grade Finished Area: 9600 Below Grade Unfinished Area: 4000 Living Area: 9600 Enhanced Accessible: No Year Built: 1985 New Construction YN: No Parking Total: 10 Lot Size Acres: 0.4 Lot Size Dimensions: 160 x 89.65 Land Lease YN: No Waterfront YN: No Basement YN: No Stories: 2 Fireplace YN: No Spa YN: No Auction YN: No

Remarks and Miscellaneous

Public Remarks: Purchase 2 large commercial multi-unit buildings in Kingston next to each other includes a successful togo pizza shop , 6 packs to go business. Full service kitchen, pizza shop, office, 7 large lease units, liquor license, beautiful bar, dining room and private parking lot. A great investment property high cap rate priced to sell with many options in the Kingston area just one block from Lowe's Home Improvement. Qualified Owner Financing Available - Call Agent for Details., Semi-Modern Kitchen: Y, Tax Information: Available, Kitchen: SemiMod, Baths: SemiMod, SqFt Fin - 3rd: 0.00, SqFt Fin - Main: 5600.00, SqFt Fin - 2nd: 4000.00 Exclusions: No

Status Change Information

Major Change Timestamp: 2021-05-08T12:16:20Z Major Change Type: Status Change Price Change Timestamp: 2020-09-19T01:45:52Z Status Change Timestamp: 2021-05-08 Purchase Contract Date: 2020-11-22 Close Date: 2021-04-30 Close Price: 360000 Concessions: Yes

Income and Expenses

Gross Income: 338000

Unit 1

Unit #: ToGo Pizza-6 Packs SqFt Total: 1300 Baths Total: 2 Dining Room YN: Yes Kitchen YN: Yes Living Room YN: No Unit Remarks: Successful Business

Unit 2

Unit #: Restaurant / Bar SqFt Total: 2300 Baths Total: 2 Kitchen YN: Yes Living Room YN: No Unit Remarks: NotBeing Used Unit1

Unit 3

Unit #: Commercial Rented Actual Rent: 750 SqFt Total: 2000 Baths Total: 2 Dining Room YN: Yes Kitchen YN: No Living Room YN: Yes

Unit 4

Unit #: Apt 1 - Unit 4 SqFt Total: 1000 Baths Total: 1 Beds Total: 2 Dining Room YN: Yes Kitchen YN: Yes Living Room YN: Yes

Unit 5

Unit #: Apt 2 - Unit 5 Actual Rent: 700 SqFt Total: 1000 Baths Total: 1 Beds Total: 2 Dining Room YN: Yes Kitchen YN: Yes Living Room YN: Yes

Unit 6

Unit #: Apt 3 - Unit 6 Actual Rent: 600 SqFt Total: 1000 Baths Total: 1 Beds Total: 2 Dining Room YN: Yes Kitchen YN: Yes Living Room YN: Yes

Unit 7

Unit #: Apt 4 - Unit 7 Actual Rent: 600 SqFt Total: 1000 Baths Total: 1 Beds Total: 2 Dining Room YN: No Kitchen YN: Yes Living Room YN: Yes

Road Frontage Type

Road Frontage Length: 160

Property Features

Appliances: Range; Refrigerator Architectural Style: Multiple Buildings Basement: Full Community Features: None Construction Materials: Block Cooling: Central Air Heating: Forced Air; Natural Gas Laundry Features: None Levels: One and One Half Listing Terms: Cash; Conventional; FHA Lot Features: Level Parking Features: Off Street; Paved; None Possession: Negotiable Road Surface Type: Paved Roof: Composition; Wood Sewer: Public Sewer Showing Requirements: Appointment Only; Call Listing Agent; No Sign; Text Listing Agent Water Source: Public

Listing Office: Berkshire Hathaway Home Services Preferred Properties

Last Updated: September - 11 - 2024

Information deemed reliable but not guaranteed.