80 S Main Street, Archbald, PA 18403 (MLS# 23-2793)

80 S Main Street, Archbald, PA 18403

$799,999

Virtual Tour

https://idx.paradym.com/idx/80-S-Main-Street-Archbald-PA-18403/4844056

Property Type: Commercial Sale Square Footage: 6,800 Lot Size (sq. ft.): 10,890 Status: Closed

Current Price: $799,999 List Date: 7/07/2023 Last Modified: 9/30/2024

Description

141k gross a year with this currently 5 unit Plaza. And around 128.5k net. You can have a 6th unit or just use for storage. Has a used car dealership, a mechanics garage, A restaurant and a Microblading. All new leases 5yr lease with option for 10. all leases go up 100 dollars a year. microbladin is 3yr with 6 year option.. ecept dealership that does not increase 35 parking spaces. All information is approximate not warranted or guaranteed. 24 hour notice call listing agent. Appointment only!!!!!!!!., Tax Information: Available, Ceiling Height: Up to 8' - Y, Ceiling Height: 9' to 12'- Y, Overhead Door Height: 9' to 12'- Y

More Information MLS# 23-2793

Contract Information

Current Price: $799,999 Sold Price: $799,999 Status: Closed Listing Contract Date: 2023-07-07 Property Sub Type: Mixed Use Property Attached YN: No Listing Agreement: Exclusive Right To Sell Owner Name: Luljeta Kabashi Environmental Survey YN: No

Location Tax and Legal

Street Number: 80 Street Direction Prefix: S Street Name: Main Street Suffix: Street State: PA Postal Code: 18403 County: Lackawanna

General Property Information

Number Of Units Total: 5 Building Area Total: 6800 Building Area Total (Report Only): 6800 Enhanced Accessible: No Year Built: 1980 Building Name: N/A Parking Total: 35 Lot Size Acres: 0.25 Lot Size Dimensions: 90x120 Land Lease YN: No Waterfront YN: No Basement YN: No Stories: 1 Auction YN: No List Price/SqFt: 124.85 Sold Price/SqFt: 117.65

Remarks and Miscellaneous

Public Remarks: 141k gross a year with this currently 5 unit Plaza. And around 128.5k net. You can have a 6th unit or just use for storage. Has a used car dealership, a mechanics garage, A restaurant and a Microblading. All new leases 5yr lease with option for 10. all leases go up 100 dollars a year. microbladin is 3yr with 6 year option.. ecept dealership that does not increase 35 parking spaces. All information is approximate not warranted or guaranteed. 24 hour notice call listing agent. Appointment only!!!!!!!!., Tax Information: Available, Ceiling Height: Up to 8' - Y, Ceiling Height: 9' to 12'- Y, Overhead Door Height: 9' to 12'- Y Exclusions: tenants personal Belongings

Status Change Information

Major Change Timestamp: 2024-09-30T20:01:18Z Major Change Type: Status Change Price Change Timestamp: 2024-01-19T19:02:59Z Status Change Timestamp: 2024-09-30 Purchase Contract Date: 2024-06-22 Close Date: 2024-09-30 Close Price: 799999 Concessions: No Buyer Financing: Conventional

Building Features

Included In Contract: Building Only Office SqFt: 1800

Income and Expenses

Annual Total Expense: 13123.88 Gross Income: 120000 Net Operating Income: 106876.12 New Taxes Expense: 6123.88 Other Expense: 5000 Sewer Expense: 2000

Road Frontage Type

Road Frontage Length: 120

Property Features

Building Features: Equipment Included; Prime Location; Public Restrooms; Separate Utilities Business Type: Auto Repair-Specialty; Restaurant Construction Materials: Aluminum Siding; Brick; Stucco Cooling: Wall Unit(s) Current Use: Commercial Electric: Circuit Breakers Exterior Features: Lighting Flooring: Carpet; Concrete; Vinyl Heating: Baseboard; Electric; Heat Pump; Natural Gas Levels: One Listing Terms: Cash; Conventional Lot Features: Level Parking Features: Asphalt Possession: Negotiable Road Frontage Type: City Street Roof: Metal Sewer: Public Sewer Water Source: Public Showing Requirements: Appointment Only; Call Listing Agent; Text Listing Agent

Listing Office: C21 Jack Ruddy Real Estate

Last Updated: September - 30 - 2024

Information deemed reliable but not guaranteed.