Myerstown, PA 17067,356 W MAIN AVE
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Myerstown, PA 17067,356 W MAIN AVE
Myerstown, PA 17067,356 W MAIN AVE
Myerstown, PA 17067,356 W MAIN AVE
Myerstown, PA 17067,356 W MAIN AVE

$530,000

Est. payment /mo

$530,000

Est.Price: ?

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356 W MAIN AVE Myerstown, PA 17067

4,382 SqFt

SOLD DATE : 02/26/2020

Key Details

Sold Price $530,000

Property Type Commercial

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

Square Footage 4,382 sqft

Price per Sqft $120

MLS Listing ID PALN110104

Sold Date 02/26/20

HOA Y/N N

Originating Board BRIGHT

Year Built 2009

Annual Tax Amount $8,614

Tax Year 2020

Lot Size 0.510 Acres

Acres 0.51

Property Description

An income opportunity for the "blue chip" investor who is intrigued by Low-Risk and Long-Term Stability. Come and see this impeccably built and carefully maintained mixed-use commercial property in Myerstown Borough. The exterior is solid Brick construction, with Synthetic Stucco Capping on the windows, and a Standing Seam Metal Roof; all of which should outlive anyone reading this. Construction began in 2008 by Woodland Contractors, and the owner spared no expense inside or out. All mechanicals are in good working order and each unit is in "turn-key" condition. The property includes one Commercial Unit, currently an Optometry practice with a lease extending into November of 2031. The second floor contains two 1-Bedroom Apartments, currently rented for $700/mo. and $800/mo. The rear of the property also contains a large 3-bay Detached Garage with a private entrance from the alley; currently rented for $300/mo. Coin-Operated Laundry machines also produce an additional $55/mo. The doctor's office currently pays $2,625/mo., but is also responsible for 55% of the annual property taxes and 1/3 of the water/sewer bills (respectively adding an $4,675 and $876 onto annual income). This property combines stable long-term income with superior maintenance-free construction. It will move quickly; act swiftly.

Location

State PA

County Lebanon

Area Myerstown Boro (13215)

Zoning MIXED USE COMM / RES

Interior

Hot Water Electric

Heating Forced Air

Cooling Central A/C

Heat Source Electric

Exterior

Garage Spaces 18.0

Water Access N

Roof Type Metal

Accessibility Level Entry - Main

Total Parking Spaces 18

Garage Y

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Eastern Lebanon County

Others

Tax ID 15-2368417-382212-0000

Ownership Fee Simple

SqFt Source Assessor

Security Features Sprinkler System - Indoor,Security System

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Tommy Long • Howard Hanna Krall Real Estate
Bought with Maria Shuey • Howard Hanna Krall Real Estate

Meggie Carpenter

Advisor | License ID: 654291

+1(410) 303-9172

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