9 N Main St
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9 N Main St
11,096 SF 100% Leased Light Industrial Building Bangor, PA 18013 £359,927 (£32/SF) 8.96% Net Initial Yield
Executive Summary
Historic downtown building with endless possibilities located in Bangor Borough with easy access to Routes 191 and 512. This multi-unit property spans 11,096 square feet and features two 1050 sq ft 2-bedroom apartments, a 900 sq ft business space, and additional space of 4423 sq ft for a larger business, storage or future apartments and the 3673 square foot garage that comfortably fits up to 6 cars. Located in a prime downtown area for visibility, this historical building was once a livery stable and now offers gas hot water heat and public utilities. The barn requires replacement of some roof shingles. Don't miss this unique opportunity to own a piece of history and transform it into your dream business or investment property. Ideal for entrepreneurs looking for a versatile space with a rich past and unlimited potential. The current cap rate on this investment is 8.5%, indicating a strong return potential for investors.
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
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PROPERTY TAXES
| Parcel Number | E9NE2D-8-6-0102 | Improvements Assessment | £18,935 |
| Land Assessment | £12,519 | Total Assessment | £31,454 |
PROPERTY TAXES
Parcel Number
E9NE2D-8-6-0102
Land Assessment
£12,519
Improvements Assessment
£18,935
Total Assessment
£31,454
zoning
| Zoning Code | GB (zoning category in Pennsylvania that allows a wide range of commercial and retail uses, including shopping centers, automotive services, and business) |
| GB (zoning category in Pennsylvania that allows a wide range of commercial and retail uses, including shopping centers, automotive services, and business) |
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Acre and Estate
9 N Main St
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