Current Use by Public Records
- Commercial real estate
Property Details for Route 715
- Year built
- 1950
- Lot size
- 2.92 lot acres
- Property type
- Commercial real estate
Description
This exceptional investment opportunity encompasses a 7,017 square foot commercial medical building situated on a 2.92-acre lot in Reeders, PA. Currently occupied by a long-term tenant under a triple-net (NNN) lease, the building generates a substantial annual net income exceeding $47,000. The property also includes a charming, two-bedroom, two-bathroom single-family home, conveniently zoned for commercial use. This residence boasts a spacious kitchen, a recreation room, attractive hardwood flooring, and a large sunroom, presenting versatile possibilities for expansion or alternative uses. The combined parcels offer significant road frontage, totaling 626 feet along the busy Route 715, ensuring high visibility and accessibility. This property presents a rare blend of income-generating potential and flexible future development options, making it an attractive investment for discerning buyers. The location on Route 715 provides excellent exposure to a high volume of traffic. The combination of the established medical building and the versatile single-family home creates a unique opportunity for immediate income and future growth. The substantial acreage and extensive road frontage offer significant potential for expansion or redevelopment. This property is priced at $1,200,000.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Reeders
- County
- Monroe
- State
- Pennsylvania
- Longitude
- -75.3343
- Latitude
- 41.0214
