Lansdowne PA Real Estate & Commercial for Sale

"COMMERCIAL PROPERTY LOCATED IN PRIME LOCATION!! What an amazing opportunity to own your own business with an approximately 2300 square foot property with a 40x100 parking lot! It is an excellent opportunity for investors or entrepreneurs! Currently designed to be a daycare, the possibilities are endless in this space. With a few well thought out ideas, this property could easily be converted into whatever business you desire such as a restaurant, retail business, franchise business or office. The corner location on Baltimore Avenue with high traffic is perfect for being noticed. Make your appointments and contact us for details!!"

12-14 N Wycombe Ave presents the opportunity for an Owner/User to purchase a 3,500sf warehouse/shop facility in Lansdowne, PA, with a flowing two-unit building included in the sale (one parcel).âThe warehouse is currently used as a shop and storage space for general contractors.â The building features 15 ft Ceilings, Block Wall Structure, Steel Beam Reinforced Free Span Rear, and five parking spaces.â The structure would likely support a garage door opening for drive-in access.â This space provides opportunities for an end-user to reimagine and maximize the building's potential.âThe two-unit property included in the sale was gut renovated from top to bottom in 2016.â The property features new electric, plumbing, hardwood bamboo floors, cherry cabinets, granite countertops, tile bathrooms, and modern finishes.âUtilities for the warehouse and apartments are all individually metered for electricity, gas, and water.â Apartments Tenants pay 100% of all utility bills for their units, removing a significant portion of the expenses passed through to the owner.âBoth apartments are fully occupied and under market rent.â The owner pays taxes, sewer, trash, and general maintenance. âApartment 1: 3bd / 2 Bath: $1,500 per month Apartment 2: 3bd / 2 Bath: $1,400 per month Tenant Responsibility: Electric, Water, Gas. Landlord Responsibility: Taxes, Trash, Sewer, GM Taxes: $10,621 Insurance: $4,250 Trash: $356 Sewer: $160 Utilities: $1,280 Total Gross Income: $34,800 Total Expenses: $16,667 Total Net Income (NOI): $18,133 Estimated Commercial Lease Rate: $10psf x 3,500sf = $2916.66 per month $35,000 annually Estimated Fully Leased Gross Income: $69,800 Estimated Fully Leased NOI: $53,133 Pro Forma Cap Rate: 8.5% Investment HighlightsâWarehouse / Office Space + Additional Cash FlowâIndividually Metered UtilitiesâGut Renovated Apartmentsâ"Free-Span" Rear of Building (2,000± sf)âBlock Wall ConstructionâSteel Beam Reinforcedâ5 Included Parking SpacesâAdd Garage Door*âBi-Level ApartmentsâUnder Market Rents - Value Add

6 well-maintained units, this mixed use building features long term tenants including a hair salon. Unit 1 was fully renovated with new floors, kitchen and bath. Remaining units are in great shape with ample light and beautiful hardwood floors. Parking for 4 not including the garage space attached to unit 6. Rent roll: $5,895. Add $1K to rent roll at renewal with market rents and this easily becomes a 9.4 cap. Offered as part of a portfolio with 207 MacDade, and 1028 Coates Ave but may be sold individually. Pro-forma available under 'Documents' and upon request.