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Listing Photo 125898
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Main View Additional View 27 Additional View 28 Tenant 1 Office Exterior Tenant 1 Office Tenant 1 waiting room Tenant 1 Bath Tenant 2 Storage Room Tenant 1 File Room Tenant 3 Office Tenant 3 Bath Tenant 2 Office Tenant 2 Bath Tenant 4 File Room Tenant 4 Bath Tenant 4 office 1 Tenant 4 office 2 Tenant 4 Entry Additional View 21 Additional View 22 Additional View 23 Additional View 24 Tenant 4 Exterior Apartment Entry 1 Apartment Entry 2 Apartment Kitchen Apartment Kitchen Apartment Kitchen Apartment Dining Area Apartment Apartment Bath Apartment Bath Apartment Bath Apartment Dressing Room Apartment Dressing Room Apartment Bed 1 Apartment Bed 2 Apartment Living Room Apartment 3rd Floor Third Floor Third Floor Additional View 18
Contact Information
Shelly Wattles
(C) (607) 426-9788
Pine Creek Real Estate (G)
(M) (814) 435-7780
(F) (814) 435-9434
PA 16922
Listing Tools
Listing Details
MLS Number: 125898
Property Type: Commercial Sale
List Price: $169,900
City: Galeton
County: Potter
Streets: City Street, Paved
Other Buildings: None
Status: A
Public Remarks: LOW RISK INVESTMENT! Historical Commercial Building generating an 11.3% 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 apartment space being refinished (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 Bridge Street Business section of Galeton, right next door to the post office, adjacent to the Nittany Minute Mart, and immediately off Route 6 with ample paved parking. Seller is highly motivated and will consider all realistic offers!