1478 Railroad Street, Summerhill, PA 15958
sale
$297,500
|
Commercial-Other
Listed By CENTURY 21 All Service, Inc.
Income-producing mixed-use opportunity in St. Michael area! Formerly home to Ray's Lawnmower Sales & Service, this approximately 8,000 sq. ft. property combines substantial commercial space with existing residential rental income and additional value-add potential. The first floor offers approximately 4,000 sq. ft. of commercial space featuring a large showroom, service/work areas, storage, three garage bays, paved parking, and excellent frontage and visibility along Route 53. The space is a well proven successful site location for any entrepreneur or investor looking to add to the portfolio. The approximately 4,000 sq. ft. second floor is configured for four (4) residential units. The 3 existing units are 2 bedroom 1 bath rentals with eat in kitchen with laundry. Two apartments are currently rented and producing income, a third is finished and needs only some TLC before being ready for occupancy, and a fourth unit remains available for future build-out. Two units also feature rear decks. Separate utilities add to the investment appeal. Current residential rents are believed to be below market, providing potential for increased income over time. Leases are month to month. Additional features include mini-split systems in the showroom, in-unit laundry with washer, dryer, and stove in three units as well as refrigerators for 3 units, and a newer roof. This property offers a rare combination of existing cash flow with additional income (rental) upside, and approximately 4,000 sq. ft. of usable commercial space for an owner-user or investor. Real estate only. Ray's Lawnmower Sales & Service business, inventory, and equipment are not included in the sale. The Business name that went with the long established business can be included in in the transaction as well, for anyone looking to continue a lawn mower service operation.
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Property Features
- Cross Docks: N
- For Auction: N
- Heating - Fuel Type: Other
- Lot Size In Text: 0.52 Sq. Ft.
- MLSID: 96042314
- Price Upon Request: N
- Style: Other Style
- Sublease: N
- Tax Year: 2025
- Taxes: $4044.00
- Zoning: Unverified
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