Commercial Sale - Galeton, PA
$20,000 PRICE DROP! Historical Commercial Building generating an annual gross revenue of $19,800 at a 13.2% Cap Rate - 8208 SF of solid potential at a 15.5% Potential Cap Rate! There is with plenty of room to dream with, 3 finished office spaces filled with long term established businesses on the first floor (current income generates more than payment obligations).Spacious 2 bedroom refinished apartment or vacation rental (90% complete) on the second floor for additional immediate income and a large open space on the third floor with spectacular views. The beautiful, original brick is visible on some walls of the second floor and all walls of the third. The second and third floors have a separate outside entrance. The building is located in the busy Business section of Galeton, immediately off Route 6 with ample paved parking. OWNER SAYS SELL! Will consider all realistic offers! Owner financing to to qualified buyer %5 interest.
Would you like more information regarding this property?
Please call (814) 435-7780.
Data Provided by:
North Central Penn Board of Realtors