Improved Commercial Land for Sale in Greenwich Township, Pennsylvania
1563 Old Route 22, Greenwich Township, PA 19534
UNIQUE INVESTMENT OPPORTUNITY in this FULLY OCCUPIED 21 unit property situated on just shy of 10 acres consisting of two parcels and a short 20 minute commute to the Lehigh Valley. This property consists of 2-3BR units, 2-2BR units, 12-1BR/ efficiency units, 3 storage spaces, a workshop with garage, and a commercial garage.Plenty of value add and upside potential with rent increases and the potential to add more units. Check with zoning and the local municipality regarding options. All units are fully occupied with 1 year leases/security deposits in place. Owners pay W/S/T and common electric. All utilities are separate and tenants pay heat(electric), electric, and cable. New roofs and windows were recently installed on all the main buildings and commercial garage.List price reflects a cap rate of over 11% based on current rents and occupancy. Don't miss out on this unique opportunity!!!
Location
- Street address
- 1563 Old Route 22
- County
- Berks County
- Community
- Lenhartsville
- Elevation
- 358 feet
Directions
From Rt. 78, take the Lenhartsville exit and go right at the stop sign toward Lenhartsville. Left at next stop sign onto Old Route 22. Over the bridge to property on the left.
Property details
- Acreage
- 9.86 acres
- Zoning
- Village/Rural
- MLS #
- LVAR 733730
- Posted
Property taxes
- Recent
- $9,606
Parcels
- 45541512865831
Details and features
Listing
- Type
- Commercial Sale
- Unit Count
- 21
- Franchise
- Century 21 Real Estate
Exterior
- Parking Spaces
- 40
- Parking
- Driveway, Garage, Off Street, On Street
Structure
- Water
- Well
- Sewer
- Septic Tank
- Heating
- Electric
- Cooling
- Window Unit(s)
- Materials
- Frame
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Mar 1, 2024 | New listing | $1,300,000 | — | LVAR |