7 Kennedy DrMcAdoo, PA 18237

  • Retail properties
  • 4,096 SF
For Sale
$199,000 View listing

Property Details for 7 Kennedy Dr

Year built
1912
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.14 AC
Property size (Sq ft)
4,096 SF
Property type
Retail properties
Property subtype
Banks
APN
49-02-0154.000
APU
49020154000

Description

This ±4,200 square foot vacant commercial building presents a unique investment opportunity in the heart of Downtown McAdoo, Pennsylvania. Located at 7 N Kennedy Dr, this two-story building, constructed in 1912, boasts a prominent street-level presence on a busy thoroughfare, ensuring high visibility to both vehicular and pedestrian traffic. The property features a desirable C1 Commercial zoning designation and includes a second-floor mezzanine space, adding versatility to potential uses. With a total of 4,200 square feet of net rentable space, the building sits on a 0.14-acre lot and offers 5 on-site parking spaces. The asking price is $199,000, translating to $47.38 per square foot. This fee simple ownership opportunity is offered in "as-is" condition. The property's central location in McAdoo, approximately five minutes south of Hazleton and within an hour's drive of both Allentown and Scranton, PA, provides convenient access to major transportation routes, including Interstate 81. This prime retail space is ideal for a variety of commercial ventures and offers significant potential for growth and return on investment.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $929,360
    6.5%
    $857,871
    7%
    $796,594
  • Comparable approach

    Method
    Valuation
    Relative Method
    $791,480
    Geo Method
    $1,348,662
  • Alternative Use

    Use
    Valuation
    Residential
    $723,646
    Hospitality
    $662,856
    Educational
    $551,488
    Medical
    $570,455
    Retail
    $857,871
7 Kennedy Dr, McAdoo, Pennsylvania

Location Insight

City
Mcadoo
County
Schuylkill
State
Pennsylvania
Latitude
40.9023
Longitude
-75.9933
CBSA code
39060
CBSA name
POTTSVILLE, PA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$6,022
$6,000
$77,035
$83,035
-
$12,000
$154,070
$166,070

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