736 Texas Palmyra Hwy - Storefront Retail/Residential FOR SALE


White Mills, PA 18473
$850,000 USD
570-470-4285
736 Texas Palmyra Hwy, White Mills, PA for Sale
$850,000 USD
Storefront Retail/Residential - FOR SALE
1/53
null | Request Cap Rate

736 Texas Palmyra Hwy
White Mills, PA 18473


HIGHLIGHTS

  • Commercial/Retail Open Space
  • Potential for 4-6 Unit Apartment Building Buildout

OVERVIEW

Outstanding commercial property with significant potential. It's an open palette for development, Members of the ART World! It's easy to see that you can maintain its current use as a stellar, successful art gallery for representing a myriad of artists, and hosting a community art education space. This property also includes your own spacious second-floor apartment, featuring maple wood flooring, extensive storage and a third demi-mezzanine level. It has a large backyard for enjoyment and more than enough parking. Natural living space and a solid built Build resonate everywhere. As you enter via the front porch, which is upgraded and ADA compliant, the first open plan 4000 sf floor through, your eye catches the nine-ft high ceiling, featuring chestnut wood beam work,--a work of art in itself--that forms the ceiling canopy atop this open space. It includes a long row of gorgeous stained-glass chandeliers that remain with the building. The first level, includes an open Art gallery space, plus a teaching studio. a business office, and features a well laid out half kitchen, one-and-a-half bath, and a sitting room. The utilities are housed in an easily accessible, dry demi-basement and there is an ADA exit with a ramp and a Braille exit sign. INVESTORS and DEVELOPERS: This property is epic and ready to go! Zoned for apartments, miscellaneous retail, and trade. You are set with sewer, and well! Zoning for apartments is confirmed with Texas Township Zoning Expert, Bill Watsen! Upstairs, an additional 4,000 sf on the owner apartment level, and more than half of the space is a separate space currently used for storage with the start of bedroom beams in place. With 11 ft ceilings, an open space, and a mezzanine area on top, this ensures the possibility of multiple apartments if redesigned! The Art Factory is nestled between beautiful shrubs and flowering bushes. A side drive brings you to the back of the 1.48 acres, which features a large lawn flanked by stone walls, 2 custom-built sheds, a firepit, and paths hugging the tree line, backing onto a mountain. You can meander through gorgeous boulders, all named. There is Potential of 3-4 apartments, maybe more, with ample parking for 2 cars each. Owners have spared no upkeep care. This space is ready to be developed. Close to Honesdale, Hawley. A perfect location to develop this into a natural, relaxing, and appealing multifamily building. Space to live and breathe! The History! This Unique building was a factory, and a meeting hall built in 1913. With a presence, ease to access and beautiful space and lawns for enjoying your apartments, your Art, your Guests! Solid, soundproof, warm in winter, and cool in summer. Electric and Gas heating. Bring your Art, bring your Architects, or bring both! This unique gem could house a multiuse complex, an art business, Storage, Trade, and, of course, beautiful apartments!

FOR SALE DETAILS

PRICE

$850,000 USD

PRICE/SF

$97 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

The Art Factory

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1913

SPRINKLERS

-

PARKING SPACES

5

LAND DETAILS

LAND ACRES

1.42 AC

LAND SF

61,771 SF

ZONING

Zoned for multi-family

APN/PARCEL ID

029238

ASK ABOUT THIS PROPERTY

Carly LonghenryDavis R. Chant RealtorsMore Info
570-470-4285

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Carly LonghenryDavis R. Chant RealtorsMore Info
570-470-4285

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