119 N 3rd Street
Denver,
PA
17517
Property Details
List Price: |
$1,995,000 |
Beds: |
-- |
Baths: |
-- |
Status: |
Active |
SqFt: |
-- |
Agency: |
Cavalry Realty, LLC |
Description/Comments
Lot Size: |
1 acre(s) |
Property Type: |
Commercial |
Year Built: |
1985 |
Notes: |
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. |
MlsNumber: |
PALA2043856 |
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Listing Provided By: |
Cavalry Realty, LLC, original listing |
Name: |
Cavalry Realty, LLC |
Phone: |
(717) 574-4012 |
Office Name: |
Cavalry Realty, LLC |
Office Phone: |
(717) 574-4012 |
Agent Name: |
David Nguyen |
Disclaimer: |
Copyright © 2024 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. |