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119 N 3RD Street

DENVER, PA 17517
  • $1,995,000
  • STATUS: Active
  • ON SITE: 67 Days
  • ID#: PALA2043856
UPDATED: 72 min ago
$1,995,000
  • 0
    BEDS
  • 1.6
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1985
County:

School Ratings & Info

School District:

Description

This is an exceptional opportunity to own a historic building in downtown Denver, PA. +/- 45,000 SF Industrial building 100% leased to UHURU, a Brooklyn based furniture design firm. 2.8 years remaining on the initial term. NOI $127,739, 6.5% CAP RATE!! Landlord pays property taxes and maintains exterior of the building and roof. Rent escalates 2.5% annually and Tenant has two 5-year renewals remaining. There was a substantial amount of money on building improvements. Upgrades to Sprinkler System, Central Heating Plant and Fire Alarm Systems. Painted inside and out 2016. Also includes parcel 1407224500000, parking lot on over 1 acre of land. Owners are licensed Pennsylvania Real Estate Salespersons.

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©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Charles Graef Home Selling Team | REMAX Associates. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-02-24T15:52:48.81.
www.searchalldelawarerealestate.com/homes/146127278
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119 N 3RD Street DENVER, PA 17517

  • Price: $1,995,000
  • Status: Active
  • On Site: 67 Days
  • Updated: 72 min ago
  • ID#: PALA2043856
0
Beds
0
Baths
0
½ Baths
1.6
Acres
1985
Built
Neighborhood:
Denver
County:
Lancaster
Area:
Denver Boro (10514)
School District:
Cocalico
Property Description
This is an exceptional opportunity to own a historic building in downtown Denver, PA. +/- 45,000 SF Industrial building 100% leased to UHURU, a Brooklyn based furniture design firm. 2.8 years remaining on the initial term. NOI $127,739, 6.5% CAP RATE!! Landlord pays property taxes and maintains exterior of the building and roof. Rent escalates 2.5% annually and Tenant has two 5-year renewals remaining. There was a substantial amount of money on building improvements. Upgrades to Sprinkler System, Central Heating Plant and Fire Alarm Systems. Painted inside and out 2016. Also includes parcel 1407224500000, parking lot on over 1 acre of land. Owners are licensed Pennsylvania Real Estate Salespersons.
Exterior Features

Construction Materials MasonrySteel SidingBrickConcrete Garage YN No Location Type Downtown Parking Types Parking Lot Riparian Rights YN No Road Responsibility City/County Roof FlatPitchedRubber Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 44591.00 Cooling Wall Unit Heating Steam Heating YN Yes Net Square Feet 45000.00

Property Features

Acceptable Financing CashConventional Accessibility Features None Business Type Warehouse Central Air YN No Cooling Fuel None Electric 3 Phases Heating Fuel Natural Gas Hot Water Electric Municipality DENVER BORO Navigable Water YN N New Construction YN No Original MLSNumber 802736328592 Ownership Interest Fee Simple Possession Settlement Property Sub Type Industrial Sale Type Standard Sewer No Septic System Tax Annual Amount 10497.00 Tax Assessment Amount 435000.00 Utilities Electric AvailableNatural Gas AvailableSewer AvailableWater Available Vacation Rental YN No Water Source Public Zoning COMMERCIAL

Listing courtesy of Cavalry Realty, LLC: .


©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Charles Graef Home Selling Team | REMAX Associates. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-02-24T15:52:48.81.
 
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The Charles Graef Home Selling Team | REMAX Associates
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Hockessin DE, 19707