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Key Details
Sold Price $825,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Subdivision None Available
MLS Listing ID 1000271861
Sold Date 11/01/17
HOA Y/N N
Originating Board TREND
Year Built 1974
Annual Tax Amount $17,555
Tax Year 2017
Lot Size 0.907 Acres
Acres 0.91
Lot Dimensions 271' X 372'
Property Description
A unique opportunity in Trappe Boro to purchase a Commercial Complex consisting of a Strip Mall, Tri-Plex Building and House?.. generating Total Rental Income of over $165,000 annually. Built in 1974, this well maintained Brick Faced Strip Mall, has 5 Rental Units with Central Air, Public Water & Sewer and provides approximately 1,800 Sq. ft. per Unit. A paved Parking Lot provides more than ample parking spaces for the Tenant's customers. The Trappe Complex also includes a Two-Story Tri-Plex Building housing 3 Apartments. Last but not least, is a house built in 1850 and serves as a Single Rental Unit providing additional Rental Income. Please note Strip Mall is served by Well Water and the House and Tri-plex is Public Water The Complex Package is located on a high traffic State Road near the busy Town of Collegeville PA, home of Ursinus College. There, many new Luxury Home Developments are underway, which are bringing many new customers to the area. A mixed variety of Tenants currently lease the Strip Mall; including Collegeville Eye Physicians & Surgeons; OK SPA; CrossFit Strength & Conditioning Training. The Complex has been legally established as a Condominium (Trappe Ridge Condominium Association). Although selling the Complex as a Package is the first priority, consideration may be given to the potential of selling the Three Entities separately, depending on the conditions of any proposal.
Location
State PA
County Montgomery
Area Trappe Boro (10623)
Zoning C1
Rooms
Other Rooms Primary Bedroom
Interior
Fireplace N
Exterior
Water Access N
Roof Type Flat,Pitched,Shingle
Accessibility None
Road Frontage State
Garage N
Building
Sewer Public Sewer
Water Public, Well
New Construction N
Schools
School District Perkiomen Valley
Others
Tax ID 23-00-00715-099
Ownership Fee Simple
Acceptable Financing Conventional, Other
Listing Terms Conventional, Other
Financing Conventional,Other
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Bought with J. Thomas Conley • Long & Foster Real Estate, Inc.