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51 S Primrose Street

HAMBURG, PA 19526
  • $980,000
  • STATUS: Active
  • ON SITE: 205 Days
  • ID#: PABK374960
UPDATED: 8 min ago
$980,000
  • 0
    BEDS
  • 1.65
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1936
County:

School Ratings & Info

School District:

Description

Great multi-tenant industrial investment opportunity with upside potential. This 30,000 rentable square foot property on 2.25 ac consists of warehouse, manufacturing, various sizes of self-storage, and contractor spaces with several Truck height at-grade doors and a loading dock (18 overhead doors, 6 at grade doors, and 1 loading dock) and possible outdoor storage. Ernst Cabinet Works (in business for 77 years) owned and used this space until recently and vacated 7,650sf. There is upside potential to lease the 7,650sf just vacated by Ernst Cabinets Works or an owner/user to use the space for their business while getting rental income from the other 10 tenants. There are also 3 townhouses that can be converted to an additional contractor or storage space. The current gross income is $109,480 with the potential to be close to approximately $150,000 per year. Over $200,000 in capital improvements have been completed since 2012, including new roofs and mechanicals. Tenants include Thermo Fisher Scientific (NYSE: TMO), Sunrise Restorations, Kreg Therapeutics, Storage tenants that store Large RVs, trucks and boats. Includes 24-hour surveillance camera access, alarm monitoring and 400 amp, 3-phase electric. Located just off Interstate 78 (one of the warehouse-distribution dominated interstates) and route 61.

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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: 2021-10-17T23:49:30.707.
www.amandakrallteam.com/homes/115470970
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51 S Primrose Street HAMBURG, PA 19526

  • Price: $980,000
  • Status: Active
  • Updated: 8 min ago
  • ID#: PABK374960
0
Beds
0
Baths
0
½ Baths
1.65
Acres
1936
Built
Neighborhood:
Hamburg Boro (10246)
County:
Berks
Area:
Hamburg Boro (10246)
School District:
Hamburg Area
Property Description
Great multi-tenant industrial investment opportunity with upside potential. This 30,000 rentable square foot property on 2.25 ac consists of warehouse, manufacturing, various sizes of self-storage, and contractor spaces with several Truck height at-grade doors and a loading dock (18 overhead doors, 6 at grade doors, and 1 loading dock) and possible outdoor storage. Ernst Cabinet Works (in business for 77 years) owned and used this space until recently and vacated 7,650sf. There is upside potential to lease the 7,650sf just vacated by Ernst Cabinets Works or an owner/user to use the space for their business while getting rental income from the other 10 tenants. There are also 3 townhouses that can be converted to an additional contractor or storage space. The current gross income is $109,480 with the potential to be close to approximately $150,000 per year. Over $200,000 in capital improvements have been completed since 2012, including new roofs and mechanicals. Tenants include Thermo Fisher Scientific (NYSE: TMO), Sunrise Restorations, Kreg Therapeutics, Storage tenants that store Large RVs, trucks and boats. Includes 24-hour surveillance camera access, alarm monitoring and 400 amp, 3-phase electric. Located just off Interstate 78 (one of the warehouse-distribution dominated interstates) and route 61.
Exterior Features

Construction Materials Aluminum SidingBrickBlock Garage YN No Parking Types Parking Lot Riparian Rights YN No Roof Asbestos ShingleFlat Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 30000.00 Cooling Central A/C Heating Central Heating YN Yes Net Square Feet 30000.00

Property Features

Accessibility Features None Assessment Year 2021 Association YN No Business Type Auto RelatedFlexInstitutionalManufacturingOther/General RetailStorage Central Air YN Yes Cooling Fuel Electric Heating Fuel Natural Gas Hot Water Natural Gas Municipality Hamburg Boro Navigable Water YN N New Construction YN No Number Of Units Total 0 Original MLSNumber 304528846994 Ownership Interest Fee Simple Possession 0-30 Days Cd31-60 Days Cd Property Sub Type Industrial Sale Type Standard Sewer Public Sewer Tax Annual Amount 16465.00 Tax Assessment Amount 384100.00 Tax Lot 5728 Vacation Rental YN No Water Source Public Zoning Vc Zoning Description Vc - Village Commercial & Residential

Listing courtesy of Kw Commercial.


©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: 2021-10-17T23:49:30.707.
 
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Lebanon PA, 17042