11 North Main Street, Bangor Borough, PA 18013
Listing Presented By
Commercial - Bangor Borough, PA
Handsome historic property with commanding presence on Main St., Potential for 16% to 18% CAPITALIZATION RATE when fully occupied. Comprised of the main building which faces out on Marin St., which includes a 1st floor commercial space, with office & a large 3 bedroom apt. above. All of the buildings have been occupied by the owner so there is no rental history but the proposed rents are more than realistic. Units have separate meters & entrances. Flanked by a large municipal lot some of which could be leased for commercial purposes. The commercial unit has large, open spaces easy to outfit for any number of uses. The coup de gras however is a wonderful private courtyard behind, which has numerous possibilities but would be especially suitable for outdoor dining. The back of the property has a 3 car garage & 2nd level space which is need of total renovation. Allowable uses are: BEAUTY PARLOR, CONVENIENCE STORE, FAST FOOD, GIFT SHOP, GROCERY STORE, OFFICE, RETAIL & RESTAURANT.
Square Footage: 6,330
Last Updated: November 4, 2016
Posted: September 22, 2016