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Foreclosure - Waterfront
Address
2228 - 2234 Farmington Avenue Boyertown, PA
Price
$ 695,000
Property Attributes
  • MLS#1004013417
  • TypeCommercial
  • CountyBERKS
  • CityBoyertown
  • AreaDouglas Twp
  • Zip19512
  • StyleManufacturing,Warehouse
  • Year Built1900
  • Taxes11244
  • Price$ 695,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage26000
Listing Provided Courtesy Of:
Brode & Brooks Inc
Property Description

2228 to 2234 Farmington Avenue. This is a 26,000 SF two story industrial building that is perfect for a USER who needs the ability to grow within the same building. Currently 3,675 SF on the first floor with dock is vacant. There is 4,700 SF on the 2nd floor that is also vacant. These two spaces could be brought together by the installation of a staircase. The first floor has three tenant spaces with two tenant spaces leased. The upper floor has two potential tenant spaces with one tenant space leased. The three occupied spaces generate an annual base "net" rent of $48,891 (gross of 68,839 less "nets" of 19,948 = 48,891). All leases are "net" leases. The "nets" means that the tenants pay their share of all operating costs in addition to the base rent- the "nets" came to $1.17 per SF per year in 2018. All spaces have their own electric service, gas service, offices, restrooms and docks. The building has undergone extensive renovations, including: (1) a new rubber roof of 10,000 SF (20 year product warranty), (2) Exterior painted with BEHR Elastomeric paint, (3) 12 new 6' x 6' Andersen 100 Series slider windows, (4)Interior of 13,000 SF 2nd floor spaces have been painted (walls and floors). Other improvements include a new ADA restroom on the 2nd floor, new carpeting in all 2nd floor offices and a new heat/CA system for one of the 1st floor office areas. FEMA has provided written verification that this building is NOT in the Special Flood Hazard Area (SFHA). Detail tenant information is available with a signed confidentiality statement. The Colebrookdale Industrial Center is a condominium project of 5 buildings totaling approximately 90,000 SF on 20 +/- acres (with the 2228 to 2234 Farmington Avenue building being one of these 5 buildings). The monthly condo fee for this building is $615 in 2018). This is a perfect opportunity to have your tenants pays most of your expenses.

Price History
11/3/2017 Listed $725,000
7/27/2020 5% - $695,000

General Features

Acceptable Financing Conventional
Accessibility None
Building Features Private Restrooms, Overhead Door, Sprinkler System
Building Name COLEBROOKDALE IND CENTER
Business Type Manufacturing, Warehouse
Construction Materials Brick, Block
Cool Fuel Electric
Cooling Central A/C
County BERKS
Electric Circuit Breakers, Single Phase, 3 Phases, 200+ Amp Service
Flooring Wood, Heavy Duty, Concrete
Heating Forced Air
Historic Y/N No
Location Type Highway
MLS Area Douglas Twp (10241)
New Construction No
Ownership Condominium
Parking Features Paved Parking, Handicap Parking
Possession Subject to Existing Lease
Price Per Sq Ft 26.73
Property SubType Industrial
Property Type Commercial Sale
PropertyCondition Good
Real Estate Owned Y/N Yes
Roof Flat, Pitched, Shingle, Rubber
Sewer On Site Septic
Tax Year 2020
Total Units 4
Utilities Water Available, Sewer Available, Natural Gas Available, Electric Available, Phone
Vacation Rental Y/N No
Water Access Y/N No
Zoning LI
Zoning Description Light Industrial

Interior Features

Central Air Y/N Yes
Heating Fuel Natural Gas, Electric
Heating Y/N Yes
Hot Water Electric
Total Restrooms 7

Exterior Features

Building Area Total 26000.00
Car Parking Spaces 20
Exterior Amenities Highway Exposure, Sign
Fencing Y/n No
Foundation Details Stone
Lot Dimensions 1000 X IRR
Lot Features Rural
Navigable Water Y/N No
Number of Buildings 1
Road Surface Type Paved
Roadresponsibility Boro/Township
Total Parking Spaces 23
Type of Parking Parking Lot
Water Body Type Creek
Water Oriented Y/N Yes
Water Source Well, Well-Shared
Water View Y/N No
Waterfront Y/N Yes

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 19512

Price
AVG $520K
$700K
Taxes
AVG $13,816
$11,244
Visits
AVG 35
50
Year Built
AVG 1923
1900
Walkscore
AVG 28
4
Data Provided by Walkscore ® not using MLS data

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