Description:

10,000 square foot commercial building with Federal and State County Tenants! PA Conservation, Penn State University, USDA Federal Agriculture Center, Nature Resource Center are the Investment Grade Tenants with four years left on lease. Tenants desire to renew every 5 years. Gross revenue is approximately $13,000+/month with building appraised at $1,250,000. In addition to the 10,000 SFT building on 2.66 acres, property being sold includes an additional 4.6-Acre site that has already been subdivided into three individual 1.5-acre lots that are zoned commercial/medical with recorded and approved subdivision plans. These three lots are improved with public water, public sewer, natural gas, storm water plan and sed basin for storm water. Lots are immediately accessible from Matthew Drive, which is a paved road. Lots are ready for development, requiring only building application and tenants. 7.26 acres approx total land size. Property is adjacent to a 75,000 square foot Luther Ridge Assisted Living Facility and the new 40 bed Nursing Home that was just constructed and began operating in July 2020, and a 22,000 square foot medical facility owned by Lehigh Hospital OB/GYN facility. Strategic development opportunity for professional real estate investor. 18.24.0014 is the parcel ID for the 4.6 acres, 3 subdivided lots. 18-24-0115.000/18-24-0114.000 is parcel ID for the 10,000 SFT commercial county building on 2.63 acres. All documents and plans available upon request. MLS #PASK133724
10,000 square foot commercial building with Federal and State County Tenants!
Investment Grade Tenants are PA Conservation, Penn State University, USDA Federal Agriculture Center, Nature Resource Center Tenants with four years left on lease. Tenants desire to renew every 5 years.
Gross revenue is approximately $13,000+/month with building appraised at $1,250,000. In addition to the 10,000 SFT building on 2.66 acres, property being sold includes an additional 4.6-Acre site that has already been subdivided into three individual 1.5-acre lots that are zoned commercial/medical with recorded and approved subdivision plans.
These three lots are improved with public water, public sewer, natural gas, storm water plan and sed basin for storm water. Lots are immediately accessible from Matthew Drive, which is a paved road. Lots are ready for development, requiring only building application and tenants. 7.26 acres approx total land size.
Property is adjacent to a 75,000 square foot Luther Ridge Assisted Living Facility and the new 40 bed Nursing Home that was just constructed and began operating in July 2020, and a 22,000 square foot medical facility owned by Lehigh Hospital OB/GYN facility.
Sites adjacent to operational skilled nursing home and assisted living facilities
Water, sewer, and gas line connections are within 50 feet away to connect
Beautiful panoramic view with southern exposure

Presented by:

Carl  Adams,  e-Pro, GRI

Director

(215) 803-8507

(215) 803-8507

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Listed by:

Keller Williams Realty Cherry Hill

Cherry Hill