565 Penn PikeTamaqua, PA 18252

Property Details for 565 Penn Pike

Year built

1988

Construction

STEEL FRAME

Lot size

1.00 AC

Property size (Sq ft)

20,000 SF

Property type

Investment properties

Property subtype

Live-work space

APN

37-04-0002.003

APU

37040002003

Description

This exceptional investment opportunity presents a two-story, 19,940 square foot shopping center located at 565 W Penn Pike, Tamaqua, PA 18252, in Schuylkill County. The property, built in 1988, sits on a 2.6-acre lot and features ten units within a single building. Currently operating at 40% occupancy, this multi-tenant retail space offers a compelling 6.33% cap rate and a net operating income (NOI) of $126,000, with an asking price of $1,990,000 ($99.80/sq ft). Recent improvements include a newly paved parking lot, significantly enhancing curb appeal. The property is zoned commercial and presents a unique opportunity for investors to capitalize on the 60% vacancy rate by strategically selecting tenants and maximizing rental income. This translates to substantial potential for increased occupancy and maximized returns. The property's location and the potential for significant revenue growth make this a highly attractive investment prospect.

• CAP approach

  CAP return

  Valuation

  6%

  $3,500,080

  6.5%

  $3,230,850

  7%

  $3,000,070

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,564,260

  Geo Method

  $2,665,460

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $6,247,170

  Retail / Commercial

  $3,225,230

  Hospitality / Lodging

  $2,392,650

  Office

  $3,229,480

  Institutional / Educational

  $3,364,900

  Residential Income

  $3,936,930

  Multifamily

  $4,626,870

  Automotive / Energy

  $2,884,200

  Parking / Income-Based Land

  $978,394

  Restaurant / Food Service

  $1,716,910

  Healthcare / Senior Housing

  $3,295,630

Location Insight

City

Tamaqua

County

Schuylkill

State

Pennsylvania

Latitude

40.7752

Longitude

-75.9581

CBSA code

39060

CBSA name

POTTSVILLE, PA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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