$230,000
$239,800
4.1%For more information regarding the value of a property, please contact us for a free consultation.
3,264 SqFt
SOLD DATE : 09/30/2021
Key Details
Sold Price $230,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 3,264 sqft
Price per Sqft $70
MLS Listing ID PABK353282
Sold Date 09/30/21
HOA Y/N N
Originating Board BRIGHT
Year Built 1920
Annual Tax Amount $4,928
Tax Year 2021
Lot Size 1.020 Acres
Acres 1.02
Lot Dimensions 100' x 100'
Property Description
Prime Corner property along Route 222, just west of the by pass entering Maxatawny. The property is suitable for multiple uses and the area and local business s are going through a revival. This corner and land value make this future development opportunity, with profitable income potential. Great spot for potential Medical professions, day care, hair salon or more small business's. The tenants are long term in the main building that was a former hotel and both rents are soft and should be adjusted with new owner. The price was recently reduced and awaits your imagination. The property location is ideal on route 222 Reading - Lehigh Valley corridor with high traffic daily passing by your front door. The is an additional parcel with garage and two bedroom apartment yields additional income. Property needs TLC but location will have greater value in the future, in the mean time this brick building can be a good investment. The are some additional cabins that service the former hotel, that should be removed and make the property more presentable.
Location
State PA
County Berks
Area Maxatawny Twp (10263)
Zoning NEIGHBORHOOD COMMERICAL
Interior
Hot Water Electric
Heating Baseboard - Hot Water
Cooling None
Flooring Hardwood, Carpet, Vinyl
Heat Source Oil
Exterior
Garage Spaces 20.0
Utilities Available Cable TV Available, Phone
Waterfront N
Water Access N
View Other
Roof Type Asbestos Shingle,Metal
Accessibility None
Parking Type Driveway, Parking Lot
Total Parking Spaces 20
Garage N
Building
Lot Description Level, Private
Sewer Septic Pump
Water Well
New Construction N
Schools
School District Kutztown Area
Others
Tax ID 63-5474-10-27-6073
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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Bought with Theodore M Van Wert • Iron Valley Real Estate of Lehigh Valley
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "