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Located at the bustling intersection of Rte 611 (Easton Rd) and Horsham Rd, this property offers a fantastic investment opportunity. With a long-term NNN (triple net) lease in place, the convenience store and gas station generate steady cash flow, with annual rent increases. Additionally, the 20x39 garage space provides potential for extra income through leasing or as a base for your own business, allowing you to offset your mortgage with rental income. The property currently generates over $100,000 in annual income, with room for growth. Buyers should confirm their intended use with the township as the current zoning allows for multiple by-right uses.
| DAYS ON MARKET | 17 | LAST UPDATED | 9/5/2024 |
|---|---|---|---|
| TRACT | HALLOWELL | YEAR BUILT | 1955 |
| COMMUNITY | Horsham Twp (10636) | COUNTY | MONTGOMERY |
| STATUS | Active | PROPERTY TYPE(S) | Commercial |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | Horsham Twp (10636) |
| CONSTRUCTION | Stone |
| HEAT | Natural Gas |
| LOT | 0.6 acre(s) |
| LOT DESCRIPTION | Corner Lot |
| LOT DIMENSIONS | 383.00 x 0.00 |
| SEWER | Public Sewer |
| STORIES | 1 |
| SUBDIVISION | HALLOWELL |
| TAXES | 10627 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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*Estimate only
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