Welcome to this fantastic investment opportunity located in the heart of downtown Olyphant! This mixed-use building offers a strategic combination of commercial and residential spaces, making it an ideal prospect for savvy investors. Consisting of 2 storefronts (salon and retail) and 2 apartments at the rear, this property is versatile and caters to various business and residential needs. All four units are currently rented, providing immediate income for the new owner. This property generates a robust gross income of $35,00, this property promises a steady and attractive return on investment. The property boasts a recently installed roof, ensuring longevity and minimizing maintenance costs. The basement has also been painted and paneled. Additional features include off-street parking for tenants and well as a detached 20 x 20 garage which can be utilized or rented out for storage, adding an extra dimension to the property's income potential. Recent sales in the vicinity underscore the burgeoning value and potential of this downtown locale. Downtown Olyphant is experiencing a renaissance, with new businesses and high-end residential apartments emerging. This trend contributes to the overall desirability and potential appreciation of the property. Don't miss out on this prime investment opportunity in the flourishing downtown Olyphant area. Whether you're an investor looking for a reliable income stream or someone seeking a strategic commercial-residential mix, this property has it all. Contact us for more information or to schedule a viewing today! All information and measurements are approximate, not warranted or guaranteed.
TURN POTENTIAL INTO PROFIT!Unlock the potential for this 5-unit investment opportunity.This mixed-use commercial property is packed with opportunity for investors, entrepreneurs, or developers looking to create long-term value. The first floor features two storefronts, including one beautifully remodeled, turnkey space operating as a successful dog-grooming business complete with vinyl flooring and central A/C. The second commercial first-floor space is ready for your vision to come alive with its high ceilings and blank canvas to be finished.The remainder of the building is being taken down to the studs, offering a blank canvas to complete the renovation that has been started. Upstairs, there is the potential for three apartments, showcasing exposed brick walls, skylights, and endless character.With rear parking, strong income-producing potential, and significant upside once completed, this property presents an outstanding opportunity to build equity and maximize your investment. Bring your ideas and transforms these spaces into a thriving destination! Located in Olyphant's main hub, you will also enjoy plenty of foot traffic, shopping, and Olyphant's Third Thursdays, which is a delightful downtown block party featuring all our amazing businesses which run from May through November.Check out current comps, rents, and real estate values and you will see the enormous potential for this property to add value once completed.Building only for sale. Dog-grooming business not included in sale.
Multi Use property located in downtown Olyphant. Sale includes 2 buildings. Beautiful, well established and successful commercial banquet facility, store front property, deli and 6 rented apartments.Banquet room has seating for 275 people. Paved parking lot for 50+ cars. Sale includes business, equipment, furniture, land and Liquor license. New roof installed over banquet portion of the building 2/2024, .All information approximate not warranted or guaranteed.Flood Insurance required., Ceiling Height: 13' to 16'- Y, No Overhead Door: YAll measurements approx., not warranted
Olyphant is located in Pennsylvania. Olyphant, Pennsylvania has a population of 5,359. Olyphant is less family-centric than the surrounding county with 18.34% of the households containing married families with children. The county average for households married with children is 24.76%.
The median household income in Olyphant, Pennsylvania is $56,475. The median household income for the surrounding county is $58,366 compared to the national median of $69,021. The median age of people living in Olyphant is 41.7 years.
The average high temperature in July is 81.7 degrees, with an average low temperature in January of 15.8 degrees. The average rainfall is approximately 40.5 inches per year, with 41.4 inches of snow per year.
