9097 ALLENTOWN BLVD, Grantville, PA 17028 – PADA2014612

$905,000

Est. payment -/mo

$905,000

Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

6,614 SqFt

SOLD DATE : 09/16/2022

Key Details

Sold Price $905,000

Property Type Commercial

Sub Type Five Or More Units

Listing Status Sold

Purchase Type For Sale

Square Footage 6,614 sqft

Price per Sqft $136

Subdivision Grantville

MLS Listing ID PADA2014612

Sold Date 09/16/22

Originating Board BRIGHT

Year Built 1950

Annual Tax Amount $7,536

Tax Year 2022

Lot Size 3.026 Acres

Acres 3.03

Lot Dimensions 450X381X370X272

Property Description

Attention Investors! Well maintained 15 Unit Motel plus a large 1825 Sq. Ft. ranch house with business office on 3 acres zoned highway commercial along Rt. 22 in Grantville, PA, 15 of 15 units are fully rented and long term tenants that pay weekly, Highway traffic count is 7800+ cars per day, complete with a 40X60 4 car garage that has propane heat and air conditioning for additional income, all roofs replaced in last 4-5 years, newer mini-splits in all units, all newer mechanicals, parking for approximately 30 vehicles, all tenants are current on rent. Property currently gives 8% Cap rate, but projected to almost 10-11% cap rate. There is room to increase rent and rent the owner's house and large garage separately. See attached projected spreadsheet analysis. Lots of possibilities and cashflows well!

Location

State PA

County Dauphin

Area East Hanover Twp (14025)

Zoning COMMERCIAL

Interior

Hot Water Electric, Oil

Heating Programmable Thermostat, Forced Air, Wall Unit, Energy Star Heating System

Cooling Central A/C

Flooring Carpet, Ceramic Tile, Hardwood, Luxury Vinyl Plank, Vinyl

Heat Source Electric, Propane - Owned, Oil

Exterior

Garage Spaces 27.0

Utilities Available Cable TV, Phone, Propane, Sewer Available, Water Available

Waterfront N

Water Access N

View Pasture, Scenic Vista, Mountain

Roof Type Architectural Shingle,Rubber

Street Surface US Highway/Interstate

Accessibility None

Road Frontage State

Total Parking Spaces 27

Garage N

Building

Lot Description Cleared, Front Yard, Level, Rear Yard

Foundation Block, Concrete Perimeter

Sewer Public Sewer

Water Public, Private

New Construction N

Schools

Elementary Schools East Hanover

Middle Schools Lower Dauphin

High Schools Lower Dauphin

School District Lower Dauphin

Others

Tax ID 25-014-048-000-0000

Ownership Fee Simple

SqFt Source Estimated

Security Features Carbon Monoxide Detector(s),Exterior Cameras,Smoke Detector

Acceptable Financing Cash, Bank Portfolio, Conventional, Exchange

Listing Terms Cash, Bank Portfolio, Conventional, Exchange

Financing Cash,Bank Portfolio,Conventional,Exchange

Special Listing Condition Standard

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Don Perrin

don@milvets.us +1(703) 819-4655

Our team is ready to help you sell your home for the highest possible price ASAP

Listed by David A Wissler • Coldwell Banker Realty
Bought with Austin P. Moran • GM Property Solutions, LLC

Don Perrin

Agent | License ID: 0225222228

+1(703) 819-4655