For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $880,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 2,734 sqft
Price per Sqft $321
MLS Listing ID PAMC634046
Sold Date 10/15/20
HOA Y/N N
Originating Board BRIGHT
Year Built 1920
Annual Tax Amount $10,690
Tax Year 2020
Lot Size 2,734 Sqft
Acres 0.06
Lot Dimensions 24.00 x 0.00
Property Description
The building is located in the heart of Ardmore on heavily traveled Rt 30. It is fully renovated from top to bottom, first floor is currently a bubble tea shop(Kung Fu Tea), current rent is $4774 per month with annually increase of 3%. Second and third floor is a five bedroom apartment currently rent for $1800. Whole building is leasing to the same tenant and you are looking at CAP RATE OF 7.3%!!!
Location
State PA
County Montgomery
Area Lower Merion Twp (10640)
Zoning ASDD1
Interior
Hot Water Natural Gas
Heating Hot Water
Cooling None
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Lower Merion
Others
Tax ID 40-00-30040-007
Ownership Fee Simple
SqFt Source Estimated
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Richard Q Li • Liberty Real Estate
GET MORE INFORMATION