1486 S HANOVER STREET Pottstown, PA 19465

Building Details

Year Built

1980

Listing office 422 Commercial Realty j***@422commrealty.com Show Phone

Listing date Mar 12, 2024

Source Exitrealty

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Investment Insights

Based on property information with market context.

This investment property features three buildings with four spaces, situated on over 3 acres. The property is currently 100% leased, generating an approximate net operating income of $150,000 per year. The total square footage of all leased space is 23,000, including upper and lower levels. The taxes for '25 at a 2% discount are $25,336, insurance is $12,575, and CAM is $25,000. Three tenants are under multi-year terms, while one tenant has been renewing year-to-year for 15-20 years. The seller specifies the sale "As Is". Additionally, a rear home on 1.44 acres, also zoned C-1, is available for purchase at an additional cost.

Key Highlights

• 100% leased investment property generating approximately $150k/year NOI
• Situated on 3+ acres with 3 buildings and 4 spaces
• Total of 23,000 square feet of leased space across upper and lower levels

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FAQs

What type of property is this?

NNN property - Three-building, four-space investment property on 3+ acres, fully leased.

Where is this nnn property located?

The property is located at 1486 S HANOVER STREET Pottstown, PA.

What is the asking price?

The asking price for this property is $2,250,000.

What are key features of this property?

This property features: 100% leased investment property generating approximately $150k/year NOI; Situated on 3+ acres with 3 buildings and 4 spaces; Total of 23,000 square feet of leased space across upper and lower levels