2300 Mahantongo St, Pottsville, PA 17901-3142
- Commercial real estate
- 14,430 SF
- 1.97 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 2300 Mahantongo St
- Year built
- 1960
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 1.97 lot acres
- Property type
- Commercial real estate
- APN
- 68-53-0002.000
- APU
- 68530002000
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Oct 5, 2007 | $800,000 | International Church Of The Foursqu | Congregation Oheb Zededk Of Pottsvi | Deed | $640k · International Church Of The Foursquare G |
Description
This exceptional 22,000 square foot commercial building, situated on a 1.97-acre lot at 2300 Mahantongo Street in Pottsville, PA, presents a unique investment opportunity. Constructed in 1960, this classic structure boasts a rich history as a multi-use facility, previously hosting religious services, various sporting events (basketball, volleyball, soccer, pickleball, baseball), and numerous social gatherings including proms, weddings, and birthday parties. The property features a well-equipped commercial kitchen complete with stainless steel cabinets and tables, ideal for catering or food service businesses. A substantial gym area, measuring approximately 57 feet by 90 feet with 16 to 18-foot clear ceiling height, offers significant flexibility. Additional free-span space of approximately 90 feet by 47 feet with 14-foot clear ceiling height provides ample room for various uses. The building also includes full male and female locker rooms and multiple-stall restrooms on each floor. Extensive parking is available, with over 14 paved spaces and an additional 21+ spaces on a grass lot. The property is located in an R-1 district and offers significant potential for a variety of commercial ventures. The sale is contingent upon the seller securing a new location for their existing services. Real estate taxes are based on a 1996 fair market value of $1,291,530.00. This is a rare opportunity to acquire a substantial, versatile property with significant potential for redevelopment or continued use as a multi-purpose facility.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,660,000
- 6.5%
- $1,530,000
- 7%
- $1,420,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,668,000
- AI Estimate
- $2,167,000
Market price range: $501k - $1.67MMarket price range: $520k - $2.17M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $1,095,000 Current use
- RESTAURANT
- $1,335,000 Change: +22% Conversion: Difficult
- RETAIL STORES
- $1,325,000 Change: +21% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Pottsville
- County
- Schuylkill
- State
- Pennsylvania
- Longitude
- -76.2288
- Latitude
- 40.6713
- CBSA code
- 39060
- CBSA name
- POTTSVILLE, PA MICROPOLITAN STATISTICAL AREA
