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Key Details
Sold Price $82,500
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
Subdivision None Available
MLS Listing ID 1000254383
Sold Date 03/01/18
HOA Y/N N
Originating Board TREND
Annual Tax Amount $1,472
Tax Year 2017
Lot Size 0.660 Acres
Acres 0.66
Lot Dimensions 131X255, LotWidth:131 X LotDepth:255
Property Description
USES PERMITTED : Contractor or general service shop, Laboratory for research or testing, Office building, Manufacturer of some equipment and or goods, Warehouse or similar storage buildings, some Wholesale and distribution business, Printing or publishing , Laundry , Trucking , Compounding, Packaging and bottling , Light metal processes, Manufacturer of products from previously prepared materials , Manufacturer of beverages, clothing and other textile products, cosmetics, luggage, perfume, plastic products, rubber products, toys, sporting equipment, and wood and paper products, Retail sale of goods, provided the goods are sold on the same lot of which they are produced or offered for wholesale, Cemetery vault manufacturing and sales. If you analyze this listing you may discover that the actual land purchase is very small. Consider that you have $5000 income from the 2 billboards at a 10 % cap rate that is worth 50K. Then take into consideration the engineering and permitting costs of the improvements along with the actual improvements which include curb, driveway entrance and stop sign, macadam parking lot, water and sewer in place, along with the concrete slab for your building and the stormwater management system which would probably cost around 50K total for all that. Those figures added up leave about 19K for the raw land. Bring your own building to this already developed commercial site. Great for start up of a sustainable fruit and vegetable retail outlet or easy start up with practically all of the engineering and infrastructure in place! Don't discount the value of the already existing improvements! Refer to Sinking Spring Zoning ordinance. Possible lease / purchase with $10,000. down
Location
State PA
County Berks
Area Sinking Spring Boro (10279)
Zoning I1
Rooms
Other Rooms Primary Bedroom
Exterior
Utilities Available Water Available, Sewer Available, Electric Available, Phone Available, Cable TV Available, Under Ground
Waterfront N
Water Access N
Street Surface Paved
Road Frontage Boro/Township
Garage N
Building
Lot Description Interior
Sewer Public Sewer
Water Public
New Construction N
Schools
Middle Schools Wilson West
High Schools Wilson
School District Wilson
Others
Tax ID 79-4376-16-93-8688
Ownership Fee Simple
Acceptable Financing Conventional, Lease Purchase
Listing Terms Conventional, Lease Purchase
Financing Conventional,Lease Purchase
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Bought with William Moser • Century 21 Gold
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Marc DiFrancesco
Real Estate Advisor & Licensed Agent | License ID: 2183327
Real Estate Advisor & Licensed Agent License ID: 2183327