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Key Details
Sold Price $550,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 4,798 sqft
Price per Sqft $114
MLS Listing ID PAMC2034256
Sold Date 11/02/22
Originating Board BRIGHT
Year Built 1900
Annual Tax Amount $7,066
Tax Year 2021
Lot Size 8,150 Sqft
Acres 0.19
Lot Dimensions 44.00 x 0.00
Property Description
Opportunity has come knocking to own an established multi-unit property in the heart of Souderton Borough. Located in a bustling and revitalizing commercial district, this property is in the center of a community undergoing incredible recent developments, with much more on the horizon. Here is your rare opportunity to be a part of it all! This historic building is home to 3 residential apartments on the second level, fully occupied with reliable tenants. On the main level is a large commercial food/retail unit leased to one of Souderton´s many prospering businesses. The main commercial space has been fully restored, and offers private access to a full basement featuring a french drain system and ample storage. A bonus 5th unit on the main level is unfinished and has the potential for additional commercial revenue. The current owner has completed many upgrades in the past year including a complete electrical rewire, upgrades to plumbing, new HVAC systems, complete renovations to individual units, and overall cosmetic improvements. Most apartments have been fully renovated, including new flooring, granite countertops, and in-unit washer & dryers. The middle apartment is the largest, with access to a full attic with lots of storage. The property features off-street parking for each residential tenant, as well as ample street parking and close access to a municipal parking lot. This unique and historic building has been an economic powerhouse in Souderton for more than a century and is waiting for its next chapter!
Location
State PA
County Montgomery
Area Souderton Boro (10621)
Zoning C1
Interior
Hot Water Natural Gas
Heating Forced Air, Hot Water
Cooling None
Heat Source Natural Gas
Exterior
Garage Spaces 3.0
Utilities Available Natural Gas Available, Electric Available, Sewer Available, Water Available
Waterfront N
Water Access N
View Street
Roof Type Shingle
Street Surface Black Top,Paved
Accessibility Ramp - Main Level
Road Frontage Boro/Township, State
Parking Type On Street, Parking Lot
Total Parking Spaces 3
Garage N
Building
Lot Description Corner
Sewer Public Sewer
Water Public
New Construction N
Schools
Elementary Schools West Broad Street
Middle Schools Indian Crest
High Schools Souderton Area Senior
School District Souderton Area
Others
Tax ID 21-00-04708-005
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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Bought with Kylie N Harrington • RE/MAX Reliance