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100 Main St Reedsville, PA 17084

For Sale
$273,000

Prime Reedsville location, high cap rate.

Description

Added:
Dec 11, 2024
Days on Market:
369
Exceptional investment opportunity in Reedsville, PA, featuring a mixed-use property at 100 S Main Street, 17084. This Class D property boasts two buildings, each single-story, totaling 31 parking spaces. The property includes a restaurant and traditional office space, currently occupied by two tenants with a strong history. One tenant, a county government entity, recently signed a new 10-year lease commencing January 2024, having occupied the space for over a decade. The restaurant tenant has been in operation for over 20 years and holds a lease extending to 2028. The property offers a compelling 8.12% cap rate with a current Net Operating Income (NOI) of $22,180, and an asking price of $273,000. Significant improvements have been made, including a new roof on the restaurant in 2022 and office renovations in 2016. The fee-simple ownership provides complete control, and rent bumps are built into the leases every five years, ensuring future income growth. This low-management property is ideal for novice investors or those seeking to expand their portfolio with a stable, high-yielding asset. The property's long-term tenants and favorable lease terms provide exceptional stability and predictable cash flow.

Property Features for 100 Main St

General Information

Property type
Restaurants
Class
D

Building Details

Year Renovated
2016
Buildings
2
Stories
1

HighLights

  • New 10‑year lease with County Government commenced January 2024.
  • County Government has occupied this location for 10 years.
  • Restaurant lease expires in 2028.
  • Restaurant has operated at this location for over 20 years.
Property Profile Location Intelligence

Current Use by Public Records

Michele's OIP Restaurant ... Pizza Restaurant

Suggested Use

Restaurant Realty agency Building Supply Spa & Massage Dental Office Auto Repair Shop Clothing Store Pharmacy Department Store HVAC Service

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Reedsville
County
Mifflin
State
Pennsylvania
Longitude
-77.5944245
Latitude
40.662719

FAQs

What type of property is this?
Restaurant - Prime Reedsville location, high cap rate.
Where is this restaurant located?
The property is located at 100 Main St Reedsville, PA.
What is the asking price?
The asking price for this property is $273,000.
What are key features of this property?
This property features: New 10-year lease with County Government commenced January 2024.; County Government has occupied this location for 10 years.; Restaurant lease expires in 2028.
More about this property
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