MLS® ID: 1002282896
151 GREENBELT DRIVE
PARKESBURG, Pennsylvania, 19365 $900,000
Currently bring in $69,972.00 a year with modest rent and has 37% vacancy so the potential is there to gross approx $111,972.00 per year and have a cap rate of approx 9% after expenses at full occupancy. Building # 1 3500 sq ft. Could easily be 3 sections. Has 3 phase electric, water, sewer & heat in half of it. Projected income $1450.00....Building # 2 1800 sq ft. Owner currently resides in a small apartment. Could be storage space, offices, etc. 3 phase electric, water, sewer, heat. New metal roof. Projected income 750.00.....Building # 3 2400 sq ft. New metal roof. LP gas heat, W&S, Wood stove. Electric w/2 sub meters. Half of it currently rented m2m 600. Projected income on the other half 500.00.......Building # 4 8165 sq ft. Currently in 5 sections but some walls could be removed to make larger areas. Heat, electric, water & sewer to the building. New metal roof. Building is metered separate with a few sub meters in place. 50x38 section rented for 880.00 per month. Front section (50x60) Currently rented m2m for 1200.00. Another 70x20 side section rented for 385.00 per month and a 70x20 side section available Projected at 347.00. Another 448 sq ft 1 bay garage storage space rented at $225.00.......Building # 5 6000 sq ft. Half of it is only 2 years old and all of it has new roof and siding. 440v electric, w&s, heat in 1/2, 13 x 40 office space, loading dock, 17'4" ceiling. Currently rented M2M at 2541.00 to a tenant of 40 years. Rent could be raised significantly..........Building # 6 660 sq ft Currently rented to the same tenant as building 5 and is included in the monthly rent........ Building has garage door, new roof, elect. projected income 225.00........Building 7 660 sq ft 30x22 Block building with electric and submeter. Currently rented m2m to the same tenant that has building 5&6, projected rent 225.00...........Building # 8 400 sq ft 16x25 building with electric and sub meter. Garage door. Currently vacant, projected rent 150.00 ......... A total of 8 buildings with approx 23,485 sq ft under roof. Property is very well maintained and many of the buildings have new roofs. Don't overlook this property! A great opportunity as an investment or a place for your business. Use 1 or more buildings for your business and collect rent on the rest. Modest rents that could be increased (especially on some buildings) All current tenants are M2M. Semi trucks access the property on a daily bases. Seller is willing to finance with a substantial down payment. Public sewer is available at Greenbelt Drive so connecting to that would be an option.