Commercial Building with Tenant in
700 N CENTRE STREET, Pottsville, PA 17901
Commercial building with existing tenant and expansion potential.
Type:Commercial/Industrial
Property size:
3,340 SFLot size:
0.72 AcresPrice / SF:
$97/SF- Added:
- Jul 27, 2024
- Days on Market:
- 666
- Last Refresh:
- May 20 at 2:54 am
Property Features for 700 N CENTRE STREET
General Information
- Standard status
- Active
- Size
- 3,340 SF
- Lot size
- 0.72 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1953
Listing agent Eric R Seitzinger License #RS276999 (570) 617-1362
Listing office BHHS Homesale Realty - Schuylkill Haven (570) 617-1362
Listing date Jul 27, 2024
Source Exitrealty
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of BHHS Homesale Realty - Schuylkill Haven
HighLights
- C‑4 commercial zoning on a corner lot
- Large paved parking area with room to expand, potentially for tractor‑trailer parking
- Two parcels included in the sale (Tax ID #68‑13‑0032.000 and Tax ID# 68‑13‑0032.001)
- Two building sections: 40' x 50' block building with 14' garage door, 16' ceilings, 600+ sq ft loft, and finished office; and a 40' x 26' section with 15' ceilings and a 12' garage door
- Both building sections are heated
- Existing tenant in the 40' x 50' building with a lease through December 2028 (includes a one‑year option)
Overview
This commercial property features a free-standing corner lot in a C-4 commercial zone. The building is divided into two sections. The first section, constructed in 1981, is a 40' x 50' block building with 16' ceilings, a 14' garage door, and a finished loft area exceeding 600 square feet. It also includes a finished office area with exterior access. The second section measures 40' x 26' with 15' ceilings and a 12' garage door. Both sections are heated. A large paved parking area offers room for expansion, potentially accommodating tractor-trailer parking. The sale encompasses two parcels identified as Tax ID #68-13-0032.000 and Tax ID# 68-13-0032.001. The 40' x 50' block building is currently occupied by a tenant under a two-year lease with a one-year option, expiring in December 2028. The property is located in Pottsville, PA.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$301.6K
NOI $27,144 @ 9.00% cap · cautious / downside scenario
Moderate
$387.8K
NOI $27,144 @ 7.00% cap · market / base-case scenario
Aggressive
$542.9K
NOI $27,144 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $42.1k | $12.60 |
| − Vacancy | −$5.9k | −$1.76 |
| EGI | $36.2k | $10.84 |
| − OpEx | −$9.0k | −$2.71 |
| NOI | $27.1k | $8.13 |
3,340 SF · lease $12.60/SF/yr · vacancy 14.00% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$387.8K
$339.3K – $452.4K
NOI $27,144 @ 7.0% cap · market cap 8.35%
Second Best
Flex RnD
$333.8K
$292.0K – $389.4K
NOI $23,363 @ 7.0% cap · market cap 7.19%
Theoretical Best
Office A
$501.0K
$438.4K – $584.5K
NOI $35,070 @ 7.0% cap · market cap 10.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar Places Nearby
- Pottsville Zone — 337 Peacock St, Pottsville, PA 17901
Location Insight
- Map
- Local Demand
- City
- Pottsville
- County
- Schuylkill
- State
- Pennsylvania
- Longitude
- -76.198463
- Latitude
- 40.691147
Nearby Similar for Sale
FAQs
What type of property is this?
Flex space - Commercial building with existing tenant and expansion potential.
Where is this flex space located?
The property is located at 700 N CENTRE STREET Pottsville, PA.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: C‑4 commercial zoning on a corner lot; Large paved parking area with room to expand, potentially for tractor‑trailer parking; Two parcels included in the sale (Tax ID #68‑13‑0032.000 and Tax ID# 68‑13‑0032.001)
