580 Coal Street
Property Description
Incredible investment to acquire a premier commercial property located in one of the community's finest, most prestigious buildings. Commandingly situated on a highly visible corner lot, this property offers exceptional accessibility with an abundance of both off-street and dedicated on-street parking. Spanning a total of 11,700 square feet of fully leased space, the property features a stable, diversified income stream from two established tenants occupying 7,900 square feet and 3,800 square feet respectively. Interestingly this tenant utilizing 7,900 sq ft space has been a tenant for 22 years. Generating a robust gross rental income of $141,600 per year, this low-maintenance asset represents a turn key addition to any portfolio. Operating expenses include taxes, insurance, maintenance, and utility costs are only $18,784, providing immediate cash flow of $122,816.00 per year. Unmatched location, superior asset quality, and immediate cash flow make this a rare find. Schedule your private tour today.
Broker Details
GENE - Gene Durigan Real Estate (610) 377-4488
MLS ID: GCH
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $1,490,000 |
| No. of Units: | 2 |
| Year Built: | 1945 |
| Lot Size: | 11,700.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $745,000 |
| Property Website | Click Here |
| Number of Bedrooms: | 0 |
| Number of Bathrooms: | 0 |
ID: 3yd-LVARPA-784486
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