Description
This four-story building was built in 1914 with remodeled sections completed in 2012. This property was measured to offer approximately 17,945 sq.ft. plus, an additional 3,000 sq.ft. of finished lower level area. The elevator is fully functioning. The front portion of this building is leased to First Commonwealth Bank while the Flahive Law Offices occupy part of the 3rd floor creating effectively monthly rent at $6,200 per month. A true cap rate cannot be calculated as the seller, the Delaware General Health District, occupies most of the buildings for office space and community health offices. The additional buildings next door (3-5 West Winter) could be sold with this property and additional parking spaces.
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0BEDS
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0.1ACRES
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0BATHS
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01/2 BATHS
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17,945SQFT
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$81$/SQFT
School Ratings & Info
Description
This four-story building was built in 1914 with remodeled sections completed in 2012. This property was measured to offer approximately 17,945 sq.ft. plus, an additional 3,000 sq.ft. of finished lower level area. The elevator is fully functioning. The front portion of this building is leased to First Commonwealth Bank while the Flahive Law Offices occupy part of the 3rd floor creating effectively monthly rent at $6,200 per month. A true cap rate cannot be calculated as the seller, the Delaware General Health District, occupies most of the buildings for office space and community health offices. The additional buildings next door (3-5 West Winter) could be sold with this property and additional parking spaces.
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