520 Main St - Storefront Retail/Residential FOR SALE


Hellertown, PA 18055
$1,200,000 USD
917-714-0720
520 Main St, Hellertown, PA for Sale
$1,200,000 USD
Storefront Retail/Residential - FOR SALE
1/20
null | Request Cap Rate

520 Main St
Hellertown, PA 18055


HIGHLIGHTS

  • Close Proximity to Philadelphia and NYC
  • Unparalleled Visibility and Walkability
  • One mile south of I78 and easy access to local routes 33-22-309 and 191
  • Newly Constructed Crossings with high end brick walkways around town, featuring flashing lights with push button crosswalk
  • Situated on a signalized intersection with High profile bus stop and 15 minute loading zone
  • Three Story bavarian style brick building with a dry basement

OVERVIEW

520 Main Street, It’s a very solid building, Asking price, $1.2 for 8228 sf, $/psf $146.00 Tremendous amount of traffic volume passes the prime location daily, Check out the daily traffic volume below. OWNER FINANCING, RENEWABLE 30 YEAR PLANS , OR BALLOON PAYMENTS AT THE END OF THE TERM. LOW DOWN PAYMENT FOR ANY OF THE FOLLOWING OPTIONS, AVAILABLE TERM, 10 YEAR PERIOD, AND BASED ON THE 10 YEAR TREASURY, PLUS 1.5-2.75% AND WILL BE AMORTIZED OVER 30 YEARS , INTEREST ONLY MONTHLY, OR , PRINCIPAL AND INTEREST MONTHLY, NON- RECOURSE, THE TEN YEAR TERM WILL INCLUDE A LOCK OUT PERIOD THROUGHOUT THE TEN YEAR PERIOD. NO LOAN ORGANIZATION FEE, OR POINTS ON ANY OF THESE OPTIONS ABOVE OR BELOW. IN ADDITION, Another financing option available now. 25 yr Financing Term, Self Amortizing, Non Recourse, No Balloon Payments Required, Rate: WSJ. PRIME PLUS 1.5-2.75% With a 10 yr Period Lockout Rate. IF THIS TRANSITION IS AN ALL CASH DEAL, A 1031 EXCHANGE PROCEDURE WILL BE IN FORCE . The building sports a 15 minute loading zone and a popular bus stop, AND A THREE WAY SIGNALIZED PAINTED CROSS WALK Any money spent by the tenant to update or upgrade the restroom or HVAC system will be reimbursed to the tenant in the form of rent credits or adjustments on a monthly basis , as long as the tenant is in good standing’s and not delinquent in any tenant obligations. But if the tenant is not in good standings, the reimbursement process will cease, and the landlord will be held harmless regarding the agreement which has been breached, So to be clear the upgrades are to be paid for by the tenants, Supervised by the tenants, and landlord. And the landlord requires a minimum of three estimates for each of the items, and must have the landlord’s consent in writing, prior to the commencement of each item. You now have the option to lease 725 sf at $30. Psf located on the north side front of the building, GREAT FOR ANY RETAIL/TAKEOUT/ Gourmet deli, or upscale fish and seafood. 1200 sf at $30. Psf located on the south side front of the building, GREAT FOR ANY RETAIL/TAKEOUT, Gourmet deli, or upscale fish and seafood. 1375 sf at $17.50 psf in the rear of the space and will come with a good amount of free shared space, it is perfect for a upscale gourmet prime meat market which would specialize in dry aged steaks, along with many other popular gourmet meats and specialty cuts, or any retail. 3300 sf at$17.50 Psf , great for any Retail/ and would come with the majority of shared free space, which can be updated, or used as is for storage. It’s got a double sided display window facing Main Street, and a double door entrance, with a minimum of two egress’s. Any upgrades will be Preformed by the tenants, Supervised by the tenants and the landlord, And paid for by the tenants, And Reimbursed to the tenants by the landlord, The tenants must have a minimum of three estimates for each item, And must have the consent of the landlord in writing, with a caveat, The reimbursements will occur VIA Rent Adjustments or Rent credits, and will be established using the agreed upon base rent, Cam charges are not going to be included in the adjusted rent credits, And must be paid monthly. The reimbursement process will commence once the C OF O HAS BEEN APPROVED. And will continue as long as you remain a tenant, and after having said this, You remain a tenant in good standing’s and are current in all your obligations, the reimbursement process will continue until satisfied. But if you are no longer the legal tenant for one reason or another, The landlord will not be obligated to the agreed upon reimbursement process, And the landlord will be held harmless, LEASE RATE DOES NOT INCLUDE UTILITIES, PROPERTY EXPENSES OR BUILDING SERVICES COMMERCIAL MODIFIED GROSS LEASE, LANDLORD DOES NOT REQUIRE A PERCENTAGE OF YOUR BUSINESS ON ANY OF THE OPTIONS LISTED. THE SPACE WILL BE DELIVERED IN AS IS CONDITION, AND MANAGEMENT WILL ALLOW FREE BUILDOUT OUT TIME ON AN INDIVIDUAL BASIS. FRONTAGE west facing front is 44.25 feet, east facing back is 41.35 feet, north facing side is 219.45 feet, south facing side is 209.45 feet. ADA accessibility OFF STREET, EXPANSIVE PARKING IS LOCATED AT THE REAR OF THE BUILDING, STEPS FROM THE ENTRANCE. ALSO AVAILABLE FOR LEASING AT A DIFFERENT ADDRESS IN HELLERTOWN, AT 1057 MAIN STREET, PETITE , BOUTIQUE OFFICE, MEDICAL RETAIL,OR PROFESSIONAL SPACE. 765 SF, at $32. PSF. Plus property expenses and building services and utilities TOTALING $2,272.00 MONTHLY, WHICH INCLUDES EVERYTHING EXCEPT UGI GAS AND PPL ELECTRIC. CAM CHARGE IS $232.00 MTLY. PROFESSIONAL COMMERCIAL HVAC SYSTEM IS IN PLACE, $15,000.00 KEY MONEY IS REQUIRED FOR THIS BUILT OUT, WHICH INCLUDES THREE SEPARATE ENCLOSED OFFICE SPACES, Next to new carpets, paint, and ceramic tile at the rear of the space, ADA ceramic tile bathroom, PLUS PRIME OPEN SPACE, THE SPACE HAS THREE PHASE ELECTRIC , AND IS PLUMBED FOR A WASHER AND A DRYER. ORIGINALLY COST OVER $50,000.00 GRAND FOR THESE UPGRADES, THEIR LOSS CAN BE YOUR GAIN. 13 OFF STREET PARKING SPACES THIS SPACE CAN BE SUBDIVIDED, BY THE CURRENT LANDLORD, OR THE NEXT MASTER LEASE HOLDER. AS FOLLOWS BUT NOT LIMITED TO. FOR A LIMITED TIME, THE NEXT FIVE LEASING OPTIONS DO NOT REQUIRE KEY MONEY, 90 SF OFFICE @ $110. PSF PLUS UTILITIES, PROPERTY EXPENSES AND BUILDING SERVICES , TOTALING $1,095.00 MTLY, WHICH ARE INCLUDED IN THE NEXT FIVE OPTIONS , 116 SF OPEN AREA @ $70. PSF TOTALING $1,043.00 MONTHLY. 116 SF OFFICE @ $107. PSF TOTALING $1,381.00.MONTHLY. 48 SF OFFICE @ $135. PSF TOTALING $684.00 MONTHLY. 261 SF OPEN SPACE @ $45. PSF TOTALING $1,539.00 . MONTHLY. AGAIN THE MTLY CHARGE IS AN ALL IN PRICE. FOR THE ABOVE FIVE OPTIONS, WHICH INCLUDES JANITORIAL SERVICES. UTILITIES, PROPERTY EXPENSES, AND BUILDING SERVICES. ALL OF THE SPACES ARE ADA ACCESSIBLE, AND WILL BE DELIVERED IN AS IS CONDITION ALSO AVAILABLE FOR LEASING AT A DIFFERENT LOCATION IN HELLERTOWN. 612 MAIN STREET IN HELLERTOWN. 150 SF.OF PRIME OFFICE SPACE AND PRIME LOCATION PRICED AT $912.00 WHICH INCLUDES EVERYTHING THE SPACE HAS A SEPARATE PRIVATE REAR DOOR ENTRANCE , AND COMES WITH A WINDOW, A WINDOW AIR CONDITIONING AND HEATING UNIT WILL BE SUPPLIED BY THE TENANT. PARKING LOT IS IN THE REAR OF THE BUILDING JUST A FEW FEET FROM THE ENTRANCE. DELIVERED IN AS IS CONDITION. COMMERCIAL LEASE NO KEY MONEY NEEDED MESSAGE OR EMAIL ANTHONY MONACO FOR FURTHER INFORMATION. CONTACT, ANTHONY MONACO CELL -917-714-0720 MONACOHILLINC@YAHOO.COM LISTING AGENT DEBI ROWLAND FROM REALITY ONE GROUP SUPREME 1-610-554-9399 Drowland@rogsupreme.com Debra Rowland.myrraltyonegroup.com EMAIL- MONACOHILLINC@YAHOO.COM,

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$146 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

15TC

APN/PARCEL ID

Q7SW3A 2 2 0715

ASK ABOUT THIS PROPERTY

Anthony MonacoMonaco Hill IncMore Info
917-714-0720

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Anthony MonacoMonaco Hill IncMore Info
917-714-0720

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