Trappe, PA 19426,753 WEST MAIN W
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Trappe, PA 19426,753 WEST MAIN W
Trappe, PA 19426,753 WEST MAIN W
Trappe, PA 19426,753 WEST MAIN W
Trappe, PA 19426,753 WEST MAIN W

$900,000

Est. payment /mo

$1,100,000

18.2%
Est.Price: ?

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753 WEST MAIN W Trappe, PA 19426

SOLD DATE : 10/14/2022

Key Details

Sold Price $900,000

Property Type Commercial

Sub Type Five Or More Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID PAMC2002818

Year Built 1974

Annual Tax Amount $19,829

Tax Year 2022

Property Description

A unique opportunity in Trappe Borough to purchase a Commercial Complex (2 Properties Each Separate Tax IDs) consisting of a Strip Mall, a Tri-Plex Building. This Complex generates Total Rental Income of over $158,000 Annually and with Full Occupancy Annual Rental Income is Estimated at over $182,000. Built in 1974, this well maintained Brick Faced Strip Mall, has 5 Rental Units with Central Air, Public & Well Water & Public Sewer and provides approximately 1,800 Sq. ft. per Unit. A paved Parking Lot provides more than ample parking spaces for the Tenants customers. The Trappe Complex also includes a Two-Story Tri-Plex Building housing 3 Apartments. The Complex Package is located on a high traffic State Road near the busy Town of Collegeville PA, home of Ursinus College. There, many new Luxury Home Developments are underway, which are bringing many new customers to the area. A mixed variety of Tenants currently lease the Strip Mall; including Collegeville Eye Physicians & Surgeons; OK SPA; Karma Salon Studio; Say Cheese and Lift Personal Training. The Complex has been legally established as a Condominium (Trappe Ridge Condominium Association). Although selling the Complex as a Package is the first priority, consideration may be given to the potential of selling the Two Entities separately, depending on the conditions of any proposal.

Location

State PA

County Montgomery

Area Trappe Boro (10623)

Zoning C1

Interior

Hot Water Electric, Natural Gas

Cooling Central A/C, Heat Pump(s)

Flooring Concrete, Hardwood

Exterior

Garage Spaces 27.0

Utilities Available Electric Available, Natural Gas Available, Sewer Available, Water Available, Phone Available

Water Access N

Roof Type Flat,Pitched

Building

Sewer Public Sewer

Water Public, Well

New Construction N

Schools

School District Perkiomen Valley

Others

Acceptable Financing Conventional

Listing Terms Conventional

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by J. Thomas Conley • Keller Williams Real Estate-Doylestown
Bought with Connor John Fellin • EXP Realty, LLC

Jason Gareau

Broker

+1(609) 929-4486

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