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Dashboard
- $825k Price
- 10,040 Sqft
- .04 Acres
- 21 DOM
22 N State St
Prime investment opportunity at 22 N State St! This mixed-use commercial property offers immediate income potential and significant value-add opportunities. The first floor is leased to a long-term tenant at $2,500/month, with an additional newly approved commercial space in the lower level (separate entrance) projected to rent for $900-$1,000/month. Four residential units on the upper floors, each with private entrances, generate a total of $6,850/month (Units 1 & 2 at $1,850 each with recent increases, and Units 3 & 4 at $1,650 and $1,500, both month-to-month with room for rent adjustments). The 14-space parking lot serves tenants and commercial use, with one space currently rented for $50/month and potential for more. Recent upgrades include a fully replaced roof (2 years), and updates to electrical, plumbing, security and fire systems, and exterior (all within 3 years). The property is currently at a 9% CAP rate and 10.6% cash-on-cash return, with the potential to exceed a 11% CAP rate and 17% cash-on-cash return with market rent adjustments. Don’t miss this high-performing asset—contact us today for detailed financials and a private tour!
Essential Information
- MLS® #PAYK2072818
- Price$825,000
- Bathrooms0.00
- Square Footage10,040
- Acres0.04
- Year Built1910
- TypeCommercial Sale
- Sub-TypeMixed Use
- StatusActive
Community Information
- Address22 N State St
- AreaYork City (15201)
- CityYORK
- CountyYORK-PA
- StatePA
- MunicipalityYORK CITY
- Zip Code17403
Interior
- CoolingCentral A/C, Window Unit(s)
Heating
Baseboard - Electric, Forced Air
Exterior
- RoofRubber
Exterior
Block, Brick and Siding, Combination
School Information
- DistrictYORK CITY
Additional Information
- Date ListedDecember 2nd, 2024
- Days on Market21
- ZoningCOMMERCIAL
Listing Details
- OfficeInch & Co. Real Estate, LLC
- Office Contact7179044500
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Listing information last updated on December 22nd, 2024 at 7:30pm CST.