$790,000

2228 Farmington Ave

Douglass Township PA, 19512

Description

2228 to 2234 Farmington Avenue. This is a 26,000 SF two story industrial building that is opportunistic for a user who needs 8300 to 13000 SF and can run their operation from a 2nd floor location (loading of material/ product by a 3500 pound material lift (buyer will be given a $60,000 credit at settlement for the installation of the product lift). The first floor is rented to 3 tenants with an annual base income of $53,211. All leases are "net" - the "nets" run $1.25 per SF per year. All spaces have their own electric and gas services, offices, restrooms and docks. The Colebrookdale Industrial Center is a condominium project of 5 buildings on 20 acres. 2228 - 2234 Farmington Ave is one of those buildings. Substantial renovations were completed in 2018 - 2019, including a new rubber roof, the installation of 6' x6' Andersen Series 100 slider windows and exterior painted. Close to Route 100 with easy access to Route 422 to Valley Forge or Reading.

Details

MLS#626355
StyleIndustrial
Sub-TypeResale
StatusActive
Year1900
Days On Site53

Features

SQ Feet26,000
Story(s)0
Units4
ZoningLI

Additional Information

Total Taxes9984.00

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Area Information

StatePA
CountyBerks
CityDouglass Township
Zip Code19512
AreaDouglass
Listing VS Median (in 19512)
Price:
$790,000
low | high
Med:
$191,382
100% of Average
SqFt:
26,000
low | high
Med:
0
100% of Average
$ / SqFt:
$30
low | high
Med:
$0
100% of Average
On Site:
53
low | high
Med:
345
15.36231884058% of Average
Listing Updated: 12/07/2019
MLS Number: 626355
Listing Provided By:
Edwin J. Brooks  of  Brode Brooks Inc