275-279 W Moorestown Rd
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275-279 W Moorestown Rd
4,901 SF Vacant Retail Building Wind Gap, PA 18091 £1,333,410 (£272/SF) 8.67% Net Initial Yield
Investment Highlights
- Possible Partial Owner Financing - Contact Listing Agents for Details
Executive Summary
Expansive 5.05-acre commercial site strategically positioned along busy Route 512, just off the intersection with Bushkill Center Road boasting ample opportunities for various ventures. Seller willing to consider owner-financing arrangements up to $1 million at a below-market rate. The site currently features 3 retail buildings, 3 residential units (one vacant), and an RV storage parking facility. Flexibility for reconfiguration is inherent, catering to diverse potential uses. The retail establishments encompass a drive-through fast-food stand, an upscale tack shop, and a compact car dealership. Additionally, a substantial metal structure with a concrete floor occupies the rear section, serving as undercover storage for RVs and boats. Recent renovations were made to the automotive office and residential apartments. Current gross income stands at $150,000 annually, with potential to exceed $160,000 post-leasing of the third apartment. The property has potential for pad sites for pharmacy, bank, food and more. An adjacent parcel with direct access to Bushkill Center Road may be procurable at an extra cost.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£126,713
|
£25.85
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£126,713
|
£25.85
|
| Taxes |
£8,333
|
£1.70
|
| Operating Expenses |
£2,761
|
£0.56
|
| Total Expenses |
£11,094
|
£2.26
|
| Net Operating Income |
£115,619
|
£23.59
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | £126,713 |
| Annual Per SF | £25.85 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | £126,713 |
| Annual Per SF | £25.85 |
| Taxes | |
|---|---|
| Annual | £8,333 |
| Annual Per SF | £1.70 |
| Operating Expenses | |
|---|---|
| Annual | £2,761 |
| Annual Per SF | £0.56 |
| Total Expenses | |
|---|---|
| Annual | £11,094 |
| Annual Per SF | £2.26 |
| Net Operating Income | |
|---|---|
| Annual | £115,619 |
| Annual Per SF | £23.59 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
4,901 SF
Year Built
2019
Price
£1,333,410
Price Per SF
£272
Net Initial Yield
8.67%
NOI
£115,619
Percent Leased
Vacant
Tenancy
Multiple
Number of Floors
1
Building FAR
0.02
Land Acres
5.05 AC
Zoning
Commercial - NC- Neighborhood Commercial
Parking
80 Spaces (16.32 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | G7-8-25-0406 | Total Assessment | £126,876 |
| Land Assessment | £24,569 | Annual Taxes | £8,333 (£1.70/sf) |
| Improvements Assessment | £102,306 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
G7-8-25-0406
Land Assessment
£24,569
Improvements Assessment
£102,306
Total Assessment
£126,876
Annual Taxes
£8,333 (£1.70/sf)
Tax Year
2024
-
Loren Keim -
CENTURY 21 Keim Realtors
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275-279 W Moorestown Rd
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