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2715-2725 MARKET Street, Warren, PA 16365 (MLS# PM-20213)

2715-2725 MARKET Street, Warren, PA 16365

$1,720,000
Property Type: Commercial Sale Square Footage: 2,972 Lot Size (sq. ft.): 108,029 Status: Closed
Current Price: $1,720,000 List Date: 2/05/2015 Last Modified: 2/28/2025

Overview

Description

NET LEASE INVESTMENT A QUALITY CREDIT TENANT

Listing Details MLS# PM-20213

General Property Information

Above Grade Finished Area
2972
Building Area Total
2972
Stories
Yes
Year Built
2007
Year Built Source
Other
Lot Size Acres
2.48
List Price/SqFt
639.3
Sold Price/SqFt
578.73

Property Features

Listing Terms: Cash; Conventional; Assumable; Trade; Other Existing Lease Type: NNN Lease Term Options: Month To Month; Other Owner Pays: Taxes; Common Area Maintenance; Parking Fee; Grounds Care Possession: Close Of Escrow Current Use: Commercial Business Type: Fast Food; Restaurant Building Features: Building Warranty Included; Other Construction Materials: Brick; Metal Siding; Frame Roof: Flat Electric: 3 Phase Cooling: Central Air Heating: Geothermal Water Source: Public Sewer: Public Sewer Parking Features: On Site Road Frontage Type: State Road; Highway Road Surface Type: Paved; Asphalt Road Responsibility: Public Maintained Road

Contract Information

Property Sub Type
Unimproved Land
Listing Contract Date
2015-02-02
Listing Service
Full Service
Lease Considered YN
Yes

Location Tax and Legal

Street Number
2715-2725
Street Name
MARKET
Street Suffix
Street
City (Post Office)
Warren
State
PA
Postal Code
16365
Subdivision Name
Other

Remarks and Miscellaneous

Public Historical Remarks
Level: Grade, Location: FreeStnd, Exterior Amenities: Sign, #Doors: 1-5Full, Ceiling: 10-12FT, Also Includes: Lease, Location: Inside, Miscellaneous: Zoning Code GENERAL COMMERCIAL, Current Use: RESTAURANT. Lease Payment: Overtime
Public Remarks
NET LEASE INVESTMENT A QUALITY CREDIT TENANT

Status Change Information

Purchase Contract Date
2015-02-05
Close Date
2016-06-03
Close Price
1720000

More Information

Income and Expenses

Cap Rate
6.1

Building Features

Ceiling Height
10
Number of Dock Doors
5
Building Warranty Included
Yes
Other
Yes

Location, Tax, and Legal

Parcel Number
0000000000000001
High School District
zOther See Remarks
Cnty&Muni Taxes (Legacy)
0
School Tax Amount
0
Tax Annual Amount
0
Tax Assessed Value
2225000
Tax Book Number
PARCEL 4-B
Zoning Description
Commercial

Business Type

Fast Food
Yes
Restaurant
Yes

Listing Terms

Cash
Yes
Conventional
Yes
Assumable
Yes
Trade
Yes
Other
Yes

Existing Lease Type

NNN
Yes

Lease Term Options

Month To Month
Yes
Other
Yes

Owner Pays

Taxes
Yes
Common Area Maintenance
Yes
Parking Fee
Yes
Grounds Care
Yes

Possession

Close Of Escrow
Yes

Current Use

Commercial
Yes

Construction Materials

Brick
Yes
Metal Siding
Yes
Frame
Yes

Roof

Flat
Yes

Electric

3 Phase
Yes

Cooling

Central Air
Yes

Heating

Geothermal
Yes

Water Source

Public
Yes

Sewer

Public Sewer
Yes

Parking Features

On Site
Yes

Road Frontage Type

State Road
Yes
Highway
Yes

Road Surface Type

Paved
Yes
Asphalt
Yes

Road Responsibility

Public Maintained Road
Yes
Listing Office: RE/MAX Crossroads
IDX
Last Updated: February - 28 - 2025
Information deemed reliable but not guaranteed.