About 1486 S Hanover St
ANOTHER 422 OPPORTUNITY !!! This is a 3 building, 4 space investment property situated on 3+ acres. Property is 75% leased. Current NOI is approx $108.7k+/year w/ an upside of $153.7k/yr. Taxes for '25 at 2% discount are $25336, insurance is $12575 and CAM is $25000. 2 tenants are multi-year terms, 1 tenant prefers renewing year-to-year, and has done so for 15-20 years. Seller specifies sale, "As Is". Rear home on 1.44 acres can also be purchased for additional monies and is also zoned C-1. Total square footage of all leased space is 23,000 and this includes upper and lower levels. Zoning and flyer attached under docs.
Features of 1486 S Hanover St
| MLS® # | PACT2061696 |
|---|---|
| Price | $2,500,000 |
| Bathrooms | 0.00 |
| Square Footage | 23,000 |
| Acres | 3.02 |
| Year Built | 1980 |
| Type | Commercial Sale |
| Sub-Type | Retail |
| Status | Active |
Community Information
| Address | 1486 S Hanover St |
|---|---|
| Area | North Coventry Twp (10317) |
| City | POTTSTOWN |
| County | CHESTER-PA |
| State | PA |
| Municipality | NORTH COVENTRY TWP |
| Zip Code | 19465 |
Amenities
| Is Waterfront | No |
|---|
Interior
| Heating | 90% Forced Air, Heat Pump - Electric BackUp |
|---|---|
| Cooling | Central A/C |
| Has Basement | No |
| Fireplace | No |
| # of Stories | 2 |
Exterior
| Exterior | Block, Alum/Steel Siding, Frame, Stone |
|---|---|
| Roof | Shingle |
School Information
| District | OWEN J ROBERTS |
|---|
Additional Information
| Date Listed | March 11th, 2024 |
|---|---|
| Days on Market | 472 |
| Zoning | C-1 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | 422 Commercial Realty |
|---|---|
| Contact Info | 6109704202 |