1095 Texas Palmyra Highway, Honesdale, PA 18431
$970,000
Property Type:
Commercial Sale
Square Footage:
15,000
Lot Size (sq. ft.):
81,893
Status:
Closed
Current Price:
$970,000
List Date:
3/06/2021
Last Modified:
2/28/2025
Description
Great investment opportunity. Fully occupied strip plaza on 1.88 acres with long term leases. 7.8% CAP at listing price. Being sold below appraised value. Recent bank appraisal came in at $1,475,000. Located on busy US Route 6 east of Honesdale. PennDOT Traffic Count over 16,000 vehicles per day. Building is in excellent condition. Public sewer, natural gas, well water on site. 80 paved parking spaces. Great signage. Approved PennDOT HOP. Property consists of 2 parcels Tax ID #27-0-0019-0008 and #27-0-0019-0009. Taxes shown are for both parcels.
More Information MLS# PM-79137
Contract Information
Listing Service: Full Service
Lease Considered YN: No
Property Sub Type: Business
Sold Price: $970,000
Current Price: $970,000
Status: Closed
Listing Contract Date: 2020-07-09
Location, Tax, and Legal
Parcel Number: 27-0-0019-0008
Municipality: Texas Township
High School District: Wayne Highlands
Cnty&Muni Taxes (Legacy): 6994.76
School Tax Amount: 22653.53
Tax Annual Amount: 29648.29
Tax Assessed Value: 1251300
Tax Book Number: R-5393/187
Zoning Description: Commercial
Land Lease YN: Yes
General Property Information
Above Grade Finished Area: 15000
Building Area Source: Estimated
Stories: 1
Number Of Buildings: 1
Year Built Source: Estimated
Business Name: G's Plaza
Lot Size Acres: 1.88
List Price/SqFt: 66.33
Sold Price/SqFt: 64.67
Building Area Total: 15000
Year Built: 1980
Remarks and Miscellaneous
Public Historical Remarks: Utility Service: 500-800A, Roof: Ridged, Level: Grade,Single, Location: FreeStnd, Exterior Amenities: Sign, Ceiling: 0-9FT,10-12FT, Miscellaneous: Zoning Code Highway Commercial, Current Use: Plaza
Public Remarks: Great investment opportunity. Fully occupied strip plaza on 1.88 acres with long term leases. 7.8% CAP at listing price. Being sold below appraised value. Recent bank appraisal came in at $1,475,000. Located on busy US Route 6 east of Honesdale. PennDOT Traffic Count over 16,000 vehicles per day. Building is in excellent condition. Public sewer, natural gas, well water on site. 80 paved parking spaces. Great signage. Approved PennDOT HOP. Property consists of 2 parcels Tax ID #27-0-0019-0008 and #27-0-0019-0009. Taxes shown are for both parcels.
Unit Details
Number Of Units Leased: 5
Business Type
Restaurant: 1
Professional Service: 1
Professional/Office: 1
Distribution: 1
Income and Expenses
Cap Rate: 7.8
Listing Terms
Cash: 1
Conventional: 1
Possession
Close Of Escrow: 1
Current Use
Commercial: 1
Possible Use
Shopping Center: 1
Retail: 1
Medical/Dental: 1
Building Features
Ceiling Height: 9
Number of Levels: 1
Other: 1
Construction Materials
Metal Siding: 1
Frame: 1
Roof
Other: 1
Electric
200+ Amp Service: 1
3 Phase: 1
Cooling
Central Air: 1
Heating
Electric: 1
Natural Gas: 1
Water Source
Well: 1
Sewer
Public Sewer: 1
Parking Features
On Site: 1
Road Frontage Type
Road Frontage Length: 185
Highway: 1
Road Surface Type
Paved: 1
Asphalt: 1
Road Responsibility
Public Maintained Road: 1
Location Tax and Legal
County: Wayne
Street Number: 1095
Street Name: Texas Palmyra
Street Suffix: Highway
City (Post Office): Honesdale
State: PA
Postal Code: 18431
Subdivision Name: None
Status Change Information
Price Change Timestamp: 2021-07-29T20:27:02Z
Purchase Contract Date: 2022-01-20
Close Date: 2022-06-24
Close Price: 970000
Property Features
Listing Terms: Cash; Conventional
Possession: Close Of Escrow
Current Use: Commercial
Possible Use: Medical/Dental; Retail; Shopping Center
Business Type: Restaurant; Professional Service; Professional/Office; Distribution
Building Features: Other
Construction Materials: Metal Siding; Frame
Roof: Other
Electric: 200+ Amp Service; 3 Phase
Cooling: Central Air
Heating: Electric; Natural Gas
Water Source: Well
Sewer: Public Sewer
Parking Features: On Site
Road Frontage Type: Highway
Road Surface Type: Paved; Asphalt
Road Responsibility: Public Maintained Road
Listing Office:
Davis R. Chant Real Estate - Milford
Last Updated: February - 28 - 2025
Information deemed reliable but not guaranteed.
