Shamokin, PA 17872,30-36 E INDEPENDENCE ST

$400,000

$359,900

11.1%
Est.Price: ?

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Est. payment /mo

35,100 SqFt


SOLD DATE : 11/27/2024

Key Details

Sold Price $400,000

Property Type Commercial

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

Square Footage 35,100 sqft

Price per Sqft $11

MLS Listing ID PANU2001362

Sold Date 11/27/24

Originating Board BRIGHT

Year Built 1900

Annual Tax Amount $5,790

Tax Year 2023

Lot Dimensions 0.00 x 0.00

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 verified—buyer to perform due diligence.

Location

State PA

County Northumberland

Area Jackson Twp (14106)

Zoning COMMERCIAL

Interior

Hot Water None

Heating None

Cooling None

Heat Source None

Exterior

Water Access N

Accessibility None

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Shamokin Area

Others

Tax ID 017-01-009-238

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition REO (Real Estate Owned)

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Bright MLS (BMLS)
Listed by Sharonn E Thomas-Pope • HomeSmart Realty Advisors
Bought with John M DiGennaro • Long & Foster Real Estate, Inc.
Nina Bavosa

Agent | License ID: 2080701

+1(908) 510-9094 | nina@ninasellsnj.com

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