$810,000
$850,000
4.7%For more information regarding the value of a property, please contact us for a free consultation.
7 Baths
9,400 SqFt
SOLD DATE : 12/27/2024
Key Details
Sold Price $810,000
Property Type Commercial
Sub Type Commercial Sale
Listing Status Sold
Purchase Type For Sale
Square Footage 9,400 sqft
Price per Sqft $86
MLS Listing ID 20-98196
Sold Date 12/27/24
Lot Size 9,400 Sqft
Acres 0.14
Lot Dimensions 78x40
Property Sub-Type Commercial Sale
Source Central Susquehanna Valley Board of REALTORS® MLS
Property Description
Discover an exceptional opportunity to invest in one of Danville's most distinctive properties, located on the charming and historic Mill Street. This property is truly a rare find and represents an incredible chance to own a significant piece of Danville's heritage while benefiting from a highly profitable investment.
This well-maintained building offers a compelling combination of residential and commercial rental income, featuring six beautifully renovated 1-bedroom, 1-bathroom apartments alongside a substantial commercial space. The commercial unit, currently leased under a secure 4-year agreement, ensures a stable and consistent revenue stream, making this property an ideal investment for those seeking both immediate and long-term financial returns. Together, these units share 13 off street parking spots.
All six residential apartments have been thoughtfully renovated to combine modern amenities with the classic charm of the building. Each unit has been updated to meet contemporary standards, ensuring comfort and style for tenants while maintaining the historic character that makes this property so special. Of these six units, four come fully furnished, providing a turnkey solution for both long-term and short-term rental markets. Currently, three of the furnished apartments are operating successfully as short-term rentals, generating excellent income with a high occupancy rate due to the property's prime location in Danville's vibrant downtown area.
Location
State PA
County Montour
Area 0.14
Direction From Church St, right on E Market then Right on Mill. Property on the left.
Rooms
Basement Concrete Floor, Interior Entrance, Unfinished
Interior
Heating Gas Steam
Fireplace No
Exterior
Parking Features None
Amenities Available Paved Streets
Garage No
Building
Water Public
Structure Type Block,Stone
Schools
School District Danville
Others
Tax ID 11-87-393
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