4708 Penn Ave - Bank FOR SALE


Sinking Spring, PA 19608
$6,500,000 USD
610-670-2770
4708 Penn Ave, Sinking Spring, PA for Sale
$6,500,000 USD
Bank - FOR SALE
1/28
null | Request Cap Rate

4708 Penn Ave
Sinking Spring, PA 19608


OVERVIEW

4708 Penn Avenue consists of two buildings on a 7.12 acres site. The strip mall is divided into five tenant spaces, totaling approximately 72,214 square feet of rentable area which is constructed on a concrete slab with block walls, and a built-up asphalt roof with gravel ballast over the former furniture store, and rubber roofing over the remaining suites. The vacant former furniture store comprises roughly 61,316 square feet, subdivided into a showroom, office space, storage room, mechanical rooms, and a loading dock with two rear dock doors. The remaining tenant spaces are currently occupied, including a pack-and-mail store, nail salon, restaurant, and tanning salon with long term leases. All units feature gas-fired, roof-mounted HVAC systems, individually metered electric service, public water, and sewer. The second structure is a free-standing bank branch of approximately 3,200 SF, with multiple drive-through lanes and easy access to Penn Avenue, constructed by the Bank in 2003, This center has frontage along Penn Avenue and access by a traffic light-controlled intersection and a second entrance along beacon road to the east of the property.

FOR SALE DETAILS

PRICE

$6,500,000 USD

PRICE/SF

$1,680 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

4708 Penn Avenue

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

7.12 AC

LAND SF

310,147 SF

ZONING

C-2

APN/PARCEL ID

51-4376-11-56-3019

ASK ABOUT THIS PROPERTY

Kent WrobelRE/MAX of ReadingMore Info
610-670-2770

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Kent WrobelRE/MAX of ReadingMore Info
610-670-2770

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.