1. Pennsylvania
2. Pottstown
3. 1060 W HIGH ST

1060 W HIGH ST, Pottstown, PA 19464

Property Description

ANOTHER 422 OPPORTUNITY !!! Users and Investors, we have successfully brought you another fine property to purchase. This is a 1 parcel, 2-tenant, 2 building property, on a major thoroughfare. Gross revenue is $43200. NOI $33.1k producing an 8.82% CAP. Owner only pays taxes and insurance. Tenants pay water & sewer. Property consists of a 2-bay garage leased by an independent mechanic and a used car office building & lot leased by "We Buy Any Car" for the past 13 years. 1) Garage floor plan: 1575 sq feet, 2-bay garage, office, parts room, bathroom, 2 misc utility rooms & outside bathroom. 2 lifts. 2) Used Car lot: recently renovated 424 sq foot rectangular office w/ bathroom and 25 parking spots. This was a gas station in another life and seller has tank removal and appropriate tank closure documentation. AKA 1040 & 1070 W. High Street. Each bldg has its own on-site sewage system, both are older but functioning. After township and seller inspections, Township approves continual use of existing systems. If systems fail, township will require connection to public sewer or holding tanks installed. See attached seller septic report.

Listing Status:

Active

Listing Office:

422 Commercial Realty : 6109704202

Listing Agent:

James Watters : 6105746271

MLS ID:

PAMC2139694

Interior

• A/C: None
• Heating: None
• Disability Feature: None

Construction

• Roofing: Unknown
• General: BlockConcrete

Location

• Road/Access: 405
• Originating MLS: BRIGHT_MAIN
• School District: POTTSGROVE
• County: MONTGOMERY-PA

Lot

• Zoning: CB-COMMERCIAL BUSINESS64-00-02332-007
• View: Street

Utilities

• Utilities: Above ground
• Water: Public
• Sewer: On Site Septic

Financial

• Source: BRIGHT_MAIN
• Exclusions: tenants tools

This listing courtesy of James Watters, 422 Commercial Realty