Price Reduction - Foreclosure
Listed By:
HomeSmart Realty Advisors
Address
30 E Independence Street, Shamokin, PA
Price
$ 449,900
Property Attributes
  • ID#PANU2001362
  • TypeCommercial
  • CountyNORTHUMBERLAND
  • CityShamokin
  • AreaJackson Twp
  • Zip17872
  • StyleApartment Building
  • Year Built1900
  • Taxes$ 5790
  • Price$ 449,900
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage4500
Data Source:
Bright MLS
Property Description

Investor Alert: Unique Mixed-Use Opportunity Nestled in the heart of downtown Shamokin, Pennsylvania, this exceptional investment opportunity is now available for a discerning investor. We are presenting a 49-unit building that uniquely combines both residential and commercial elements, offering an expansive retail space on the ground floor. This property stands in a prime downtown location, maximizing both visibility and accessibility. The building features a strategic blend of 49 residential units and a substantial ground-floor retail space. Its modern architectural design ensures spacious living areas for residents and an inviting commercial environment for businesses. This mixed-use property not only provides a diversified income stream but also significantly reduces vacancy risks, enhancing the overall return on investment. The property's prime location in a bustling downtown area guarantees high foot traffic, making it an ideal spot for retail businesses. The growing population and economic development in Shamokin indicate a rising demand for both housing and commercial space, suggesting a promising future for this investment. Additionally, the property offers the potential for further value addition through strategic renovations and rebranding efforts. Priced competitively with an attractive cost per unit, this investment promises a substantial return on investment with proper management. This mixed-use property presents a rare opportunity for investors seeking to capitalize on the thriving Shamokin community. With its combination of residential and commercial utility, prime location, and potential for high returns, it stands as an unmissable opportunity for those looking to expand their portfolio. This property is being sold **AS-IS**. The buyer is responsible for all repairs & inspections, including but not limited to certificate of occupancy and fire inspection. Certain information contained herein is derived from information provided by other parties. All information provided is deemed reliable but is not guaranteed and should be independently verifiedbuyer to perform due diligence.

Price History
2/24/2024 Listed $499,900
5/7/2024 11% - $449,900

General Features

Sewer Public Sewer
Heating None
Cooling None
Possession Settlement
Zoning COMMERCIAL
Construction Materials Brick
Year Built 1900
Property SubType Mixed Use
Tax Year 2022
Percent Ownership Fee Simple
Cool Fuel None
Business Type Apartment Building,Other
Accessibility None
County NORTHUMBERLAND
New Construction No
Property Type Commercial Sale
Water Access Y/N No
Status ACTIVE
Directions From PA-61 / State Route 61 Turn right onto PA-61 / State Route 61 Turn left onto 9th st Turn right onto E Independence St Follow GPS
ModificationTimestamp 2024-05-17T14:02:29
City SHAMOKIN
Buyer Agent Compensation 2.5
MLS Area Jackson Twp (14106)
Lot Size Square Feet 0.00
Tax Assessed Value 45600.0
Waterfront Y/N No
Street Name INDEPENDENCE
Tax Annual Amount 5790.0
Price Per Sq Ft Total 12.82
Vacation Rental Y/N No
Days on Market 84
Standard Status Active
Year Built Source Estimated
Tax Lot 238
Buyer Agent Compensation Type % Of Gross

Interior Features

Heating Fuel None
Hot Water None
Heating Y/N Yes
Street Suffix STREET
Central Air Y/N No

Exterior Features

Water Source Public
Type of Parking On Street
Land Use Code 4000
Water View Y/N No
Building Area Total 35100.00
Lot Dimensions 0.00 x 0.00
Lot Size Acres 0.00
Lot Size Units Square Feet
Lot Size Source Assessor
Land Assessed Value 21500.00
Navigable Water Y/N No
Water Oriented Y/N No
LotDimensionsSource Assessor

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 17872

Price
AVG $580K
$450K
Taxes
AVG $4,337
$5,790
Visits
AVG 104
90
Data Provided by Inside Real Estate®
Year Built
AVG 1927
1900

Areas We Cover