For Sale
$525,000

91 Progress Ave Pottsville, PA 17901

High-Yield Downtown Pottsville Office Property

Overview

Added:
Feb 3
Days on market:
81
This exceptional investment opportunity presents a fully leased, two-tenant office/medical building situated in the heart of Pottsville, Pennsylvania. The property, located at 91 Progress Avenue, enjoys a prime downtown location, just one block from the convenient Mahantongo Street parking deck, ensuring easy access for tenants and clients. The building boasts a total of approximately 5,400 square feet, divided between two distinct levels. The main level encompasses approximately 4,400 square feet, currently leased under a five-year agreement commencing December 1, 2023, with renewal options and a 2% annual rent increase. An additional 1,000 square feet of bonus space is available on an upper floor. The ground level also features approximately 4,400 square feet, currently leased under a separate five-year agreement starting July 1, 2023, also with renewal options and a 2% annual rent increase. Both leases are gross leases, simplifying management and maximizing return. Recent interior renovations maintain a like-new condition throughout. The property sits on a 0.11-acre lot and is offered for sale at $525,000, representing an approximate 7% capitalization rate. This presents a strong, stable income stream with significant upside potential. The building's excellent location, strong tenant occupancy, and favorable lease terms make this an attractive investment opportunity for discerning buyers.

Property Details for 91 Progress Ave

Property type
Office properties
Year Built
1950
Lot Size (sq. ft)
4,792 SF

Location Insight

City
Pottsville
County
Schuylkill
State
Pennsylvania
Latitude
40.68484
Longitude
-76.19398

FAQs

What type of property is this?
Office property - High-Yield Downtown Pottsville Office Property
Where is the office property located?
The property is located at 91 Progress Ave Pottsville, PA.
What is the asking price?
The asking price for this property is $525,000.
How can I contact the broker?
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91 Progress Ave
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