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    2228 Farmington Avenue

    BOYERTOWN, PA 19512
    • $695,000
    • STATUS: Active
    • ON SITE: 68 days
    • ID#: PABK373168
    Foreclosure
    UPDATED: 23 min ago
    $695,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1900
    County:

    School Ratings & Info

    School District:

    Description

    2228 to 2234 Farmington Avenue is a 26,000 SF industrial condo building with 13,000 SF per floor. This is an excellent property for anyone needing a 1031 tax free exchange. It is 80% leased with 4700 SF vacant on the 2nd floor. There are currently four tenants (3 on the first floor and one on the second floor) with an annual rental rate of $73,092. The 3 tenants on the first floor are all "net" leases while the sole tenant on the second floor is a + utilities lease. All tenants have their own electric and gas services, restrooms, offices and loading facilities. This building underwent major renovations in 2017 and 2018, including a new 10,000 SF rubber roof, replacement of steel sash windows with Andersen windows, interior and exterior painting and several other upgrades. The monthly condo fee is $615 (the majority of which is billed back to the tenants who have "net" leases). This is part of the Colebrookdale Industrial Condominium Center which is a 5 building complex sitting on 20 acres. The property is owned by a licensed Pa. Real Estate Broker.

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    ©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Iron Valley Real Estate. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-04-14T21:52:18.947.
    www.amandakrallteam.com/homes/113924008
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    2228 Farmington Avenue BOYERTOWN, PA 19512

    • Price: $695,000
    • Status: Active
    • Updated: 23 min ago
    • ID#: PABK373168
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1900
    Built
    Neighborhood:
    Douglas Twp (10241)
    County:
    Berks
    Area:
    Douglas Twp (10241)
    School District:
    Boyertown Area
    Property Description
    2228 to 2234 Farmington Avenue is a 26,000 SF industrial condo building with 13,000 SF per floor. This is an excellent property for anyone needing a 1031 tax free exchange. It is 80% leased with 4700 SF vacant on the 2nd floor. There are currently four tenants (3 on the first floor and one on the second floor) with an annual rental rate of $73,092. The 3 tenants on the first floor are all "net" leases while the sole tenant on the second floor is a + utilities lease. All tenants have their own electric and gas services, restrooms, offices and loading facilities. This building underwent major renovations in 2017 and 2018, including a new 10,000 SF rubber roof, replacement of steel sash windows with Andersen windows, interior and exterior painting and several other upgrades. The monthly condo fee is $615 (the majority of which is billed back to the tenants who have "net" leases). This is part of the Colebrookdale Industrial Condominium Center which is a 5 building complex sitting on 20 acres. The property is owned by a licensed Pa. Real Estate Broker.
    Exterior Features

    Construction Materials BlockBrick Garage YN No Location Type Highway Parking Types Parking Lot Property Condition Good Road Responsibility Boro/Township Road Surface Type Black Top Roof Asbestos ShingleRubber Water Access YN Yes Water Body Name Colebrookdale Creek Water Body Type Creek Water Oriented YN Yes Water View YN No Waterfront YN Yes

    Interior Features

    Building Area Total 26000.00 Cooling Central A/C Flooring ConcreteWood Heating Forced Air Heating YN Yes Net Square Feet 26000.00

    Property Features

    Acceptable Financing Industrial Development AuthorityConventionalCash Accessibility Features None Assessment Year 2021 Association YN No Business Type Manufacturing Central Air YN Yes Cooling Fuel Electric Cross Street Route 562 Electric 3 PhasesCircuit Breakers200+ Amp Service120/240V Foundation Details Stone Heating Fuel Natural Gas Historic YN No Hot Water Electric Incorporated City Name Douglas Twp Internet Services Fiber Optic Lease Considered YN Yes Metering Electric SeparateGas Separate Navigable Water YN N New Construction YN No Number Of Units Total 4 Original MLSNumber 304466181866 Ownership Interest Condominium Possession Negotiable Property Sub Type Industrial Sale Type Reo (Real Estate Owned) Sewer On Site Septic Tax Annual Amount 11384.00 Tax Assessment Amount 280000.00 Tax Lot 6804-C01 Utilities Electric AvailableMultiple Phone LinesNatural Gas AvailablePhonePhone Connected Vacation Rental YN No Water Source Well Year Built Effective 2017 Zoning Industrial

    Listing courtesy of Brode & Brooks Inc.


    ©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Iron Valley Real Estate. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-04-14T21:52:18.947.
     
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    Iron Valley Real Estate
    1958 Quentin Road
    Lebanon PA, 17042