Souderton, PA 18964,370 N MAIN ST
Souderton, PA 18964,370 N MAIN ST
2
$625,000
$635,000
1.6%
Est.Price: ?

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0.67 Acres Lot

370 N MAIN ST Souderton, PA 18964

Est. payment /mo
SOLD DATE : 12/13/2017

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Key Details

Sold Price $625,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

Subdivision None Available

MLS Listing ID 1001270967

Sold Date 12/13/17

HOA Y/N N

Originating Board TREND

Year Built 1979

Annual Tax Amount $12,677

Tax Year 2017

Lot Size 0.671 Acres

Acres 0.67

Lot Dimensions 138

Property Description

INVESTOR OPPORTUNITY - This is a 2,970 +/- SF building leased to Wawa inc. The lease started in 1978 and was initially 20 years with four (4) five (5) years options. Two additional five (5) year option periods have just been negotiated. Landlord's sole expense with respect to the lease is the repair/ replacement of exterior walls and roof. ALL OTHER EXPENSES are paid by the tenant. The annual base rental is FIXED during each 5 year period. The newly negotiated option periods are: 7-1-2018 to 6-30-2023 at an annual base rent of $44,296.87 AND 7-1-2023 to 6-30-2028 at an annual base rent of $46,511.72. The current annual base rent is $42,187.56 (ending 6-30-18). To exercise an option period, tenant must send written notice 180 days BEFORE the expiration of the then current term of the lease.

Location

State PA

County Montgomery

Area Souderton Boro (10621)

Zoning C-2

Rooms

Other Rooms Primary Bedroom

Interior

Cooling Central A/C

Flooring Tile/Brick

Fireplace N

Heat Source Natural Gas

Exterior

Utilities Available Water Available, Sewer Available, Natural Gas Available, Electric Available, Phone, Cable TV Available, Under Ground

Water Access N

Roof Type Flat,Shingle,Rubber

Accessibility None

Road Frontage Boro/Township

Garage N

Building

Building Description Other, Public Restrooms,Clear Span,Kitchen

Foundation Slab

Sewer Public Sewer

Water Public

Structure Type Other

New Construction N

Schools

School District Souderton Area

Others

Tax ID 21-00-05044-002

Ownership Fee Simple

Acceptable Financing Conventional

Listing Terms Conventional

Financing Conventional

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Bright MLS (BMLS)
Listed by Edwin J Brooks • Brode & Brooks Inc
Bought with Edwin J Brooks • Brode & Brooks Inc

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Joanna Dieter

Agent | License ID: 665620

+1(410) 949-6855

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