2 Lyn-Mar Plz Lyndora, PA 16045
This Lyndora, PA property, located at 2 Lyn-Mar Plaza, presents a unique redevelopment opportunity. The 0.58-acre lot features two buildings totaling 7,500 square feet of net rentable space, currently configured as an auto shop and transmission shop. The main building, a former Kar Kare facility, boasts a spacious 38' x 22' waiting room with a sales counter, a 15' x 11' private office, and two older bathrooms (10' x 6' total) that could be combined into a larger, ADA-compliant bathroom. A substantial garage area (72' x 26') features 13'-15' ceilings, six 12'w x 12'h garage doors, and is ready for car lifts. Additional features include an oil change pit and an air compressor. A 66' x 12' warehouse is also included, though the HVAC system is non-functional. A separate 50' x 50' steel building houses an existing transmission shop, currently leased year-to-year at $1,500 per month. This tenant owns the waste oil heat system. The transmission shop features 15' ceilings, two 12'w x 15'h garage doors, and a man door. The asking price for the entire 7,500 square foot property is $575,000, or $76.67 per square foot. The property includes 16 parking spaces and is zoned for commercial use. The buildings are single-story structures built in 1970. A vacant auto shop is available for lease immediately at $3,000 per month on a one-year lease. The property is situated in Butler County, PA, with convenient access to local amenities. This property is ideal for investors seeking a redevelopment project with existing income potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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