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
Overview
Description
Listing Details MLS# PM-79137
General Property Information
- Above Grade Finished Area
- 15000
- Building Area Total
- 15000
- Building Area Source
- Estimated
- Stories
- Yes
- Number Of Buildings
- Yes
- Year Built
- 1980
- Year Built Source
- Estimated
- Business Name
- G's Plaza
- Lot Size Acres
- 1.88
- List Price/SqFt
- 66.33
- Sold Price/SqFt
- 64.67
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
Contract Information
- Property Sub Type
- Business
- Listing Contract Date
- 2020-07-09
- Listing Service
- Full Service
- Lease Considered YN
- No
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
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.
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
More Information
Unit Details
- Number Of Units Leased
- 5
Income and Expenses
- Cap Rate
- 7.8
Building Features
- Ceiling Height
- 9
- Number of Levels
- Yes
- Other
- Yes
Road Frontage Type
- Road Frontage Length
- 185
- Highway
- Yes
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
Business Type
- Restaurant
- Yes
- Professional Service
- Yes
- Professional/Office
- Yes
- Distribution
- Yes
Listing Terms
- Cash
- Yes
- Conventional
- Yes
Possession
- Close Of Escrow
- Yes
Current Use
- Commercial
- Yes
Possible Use
- Shopping Center
- Yes
- Retail
- Yes
- Medical/Dental
- Yes
Construction Materials
- Metal Siding
- Yes
- Frame
- Yes
Roof
- Other
- Yes
Electric
- 200+ Amp Service
- Yes
- 3 Phase
- Yes
Cooling
- Central Air
- Yes
Heating
- Electric
- Yes
- Natural Gas
- Yes
Water Source
- Well
- Yes
Sewer
- Public Sewer
- Yes
Parking Features
- On Site
- Yes
Road Surface Type
- Paved
- Yes
- Asphalt
- Yes
Road Responsibility
- Public Maintained Road
- Yes
Listing Office:
Davis R. Chant Real Estate - Milford
Last Updated: February - 28 - 2025
Information deemed reliable but not guaranteed.
