Versatile Commercial Investment Opportunity in Lansford!! Nearly 4,500 sq. ft. commercial property in the borough of Lansford offers incredible potential for both business and residential use. Previously operating as a bed and breakfast with a restaurant and bar, it’s ready for a creative entrepreneur or investor to bring new life to the space. The first floor features a large room with high ceilings, offering an open layout ideal for retail, dining, or event use. The kitchen area offers plenty of room to customize cabinetry and layout to suit your needs. Additional rooms on this floor include a spacious backroom, a smaller office-sized room, and a convenient half bathroom. Upstairs, the property includes four bedrooms, one with an enclosed side porch, providing the perfect opportunity to convert the space into studio apartments for rental income. Other highlights of the property include a basement equipped with two oil tanks, radiator heat, and wall A/C, as well as a flat roof. This location would be ideal for a corner store, deli, or other boutique business. While the property requires some TLC, the possibilities are endless for those with vision and ambition. Call today!
This property has been completely renovated and will soon be occupied by year-to-year tenants with a conservative projected Gross of $49,200, $38,300 NET Income, and 10.5% CAP at the asking price. Owners have made a substantial financial investment into fully modernizing this 3-unit multi-family residence, renovations across all units including new windows, flooring, paint, electrical updates, new kitchens, cabinets, bathrooms, bedrooms, and updated appliances. The configuration includes two 3-bedroom, 1-bath units and one 2-bedroom, 1-bath unit. Located in Carbon County, the property is conveniently close to highways and shopping centers. One of the owners is a RE agent Tenants are responsible for electricity and heat. NOTE—The owners are fond of this property but have decided to sell it because they live 1.5 hours away, presenting a great opportunity for the right buyer. The property can be bought individually or as a package with 30+ other units nearby including: 3UNIT - 755 E Broad St, Tamaqua; 9Unit - 110 W Ridge st, Lansford; 4Unit 424 E Broad St, Tamaqua, Lansford; 4Unit 157 W Ridge, Lansford. Show and go. Can be FHA at 6.25%financing, 5%down, 30YR fixed.
Lansford is located in Pennsylvania. Lansford, Pennsylvania has a population of 4,110. Lansford is less family-centric than the surrounding county with 17.71% of the households containing married families with children. The county average for households married with children is 23.04%.
The median household income in Lansford, Pennsylvania is $39,800. The median household income for the surrounding county is $59,289 compared to the national median of $69,021. The median age of people living in Lansford is 38.6 years.
The average high temperature in July is 82.3 degrees, with an average low temperature in January of 15.8 degrees. The average rainfall is approximately 52.3 inches per year, with 40.8 inches of snow per year.
