1102 Ag Center Drive - Portfolio

Estimated Monthly Payment: $12,758/mo 1102 Ag Center Drive - Portfolio, Pottsville, PA 1 MLS# PASK133724 Commercial Sale Listing Status: Active
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REMARKS:

168-acre Portfolio of 5 properties including a 10,000 square foot commercial building with Federal and State County tenants: PA Conservation, Penn State University, USDA Federal Agriculture Center, Nature Resource Center. Investment Grade Tenants with five years left on lease. Lease Net Operating Revenue is approximately $110,000 with building appraised at $1,250,000. Cap Rate 8.8% $125/SFT price for building $2,500,000 for the entire portfolio totaling 168 acres. Property portfolio is adjacent to a 75,000 square foot Luther Ridge Assisted Living Facility and the new 40 bed Nursing Home that was just constructed and began operating in July 2020, and a 22,000 square foot medical facility owned by Lehigh Hospital OB/GYN facility. Due to the county's statistically growing population and aging population, there is a shortage of/need for retirement housing and apartments. Strategic development opportunity for professional real estate investor. In addition to the 10,000 SFT building on 2.66 acres, portfolio includes: 1. 80-Acre Site Prime for Development of Retirement Village. Site is adjacent to operational skilled nursing home and assisted living facilities. The front 2 acres are zoned commercial along the highway and the balance of 78 acres is zoned residential. Water, sewer, and gas line connections are 50 ft away to connect. $395,000 2. 4.6-Acre Commercial/Medical Zoned Sites Prime for Development. This site has three 1.5-acre lots zoned commercial/medical with recorded and approved subdivision plans. These three lots are improved with public water, public sewer, natural gas, storm water plan and sed basin for storm water. Lots are ready for development, requiring only building application and tenants. $597,000 for 3 lots purchased together or 2(a), 2(b), and 2(c) - $224,900 each 3. Phase 3 (25 acres) now available for residential development of 31 flat lots for single family plus potential 14 duplexes, next to 64 existing home development. The 64

OVERVIEW:

Commercial Sale
Active
BRIGHT
Seider'S Hill
1995
168
7318080
Forced Air
Natural Gas
Heat Pump(s)
Public
Public Sewer

FINANCIAL:

2500000
16288
16288

NEIGHBORHOOD & SCHOOL INFORMATION:

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