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472 Adams St
Rochester, PA 15074
Retail Property For Sale
Investment Highlights
- Direct frontage on Adams St
- Minutes to the Ohio River access
- Fast access to routes 18 and 65/51
Executive Summary
Property has multi potential uses, former bank building currently converted to a restaurant/bakery with drive thru and full basement. 2 walk in safes - one converted to walk in cooler. Multiple illuminated signage including a lighted pole sign. Central Air, 3Phase electric, gas forced air heat, and public water/sewer. 4 curb cuts, mid block - serves a spacious 30 spot paved and striped private parking lot, outside ample exterior seating. High visibility offering foot traffic, off street parking, drive thru service and high traffic count. This property is occupied by the Philly Pretzel Factory. The occupant offers a long term lease producing a cop rate of 7.5%. This building is in very good condition recently remodeled meeting all current code requirements.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Bank
Building Size
6,120 SF
Building Class
C
Year Built
1963
Price
$759,416 CAD
Price Per SF
$124.09 CAD
Cap Rate
7.50%
NOI
$56,956 CAD
Percent Leased
61%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.21
Lot Size
0.66 AC
Zoning
MU - Mixed Use
Parking
29 Spaces (4.74 Spaces per 1,000 SF Leased)
Amenities
- Restaurant
- Signage
- Drive Thru
- Wheelchair Accessible
- Storage Space
- Air Conditioning
Property Taxes
| Parcel Number | 48-001-1115.000 | Improvements Assessment | $202,669 CAD |
| Land Assessment | $25,766 CAD | Total Assessment | $228,435 CAD |
Property Taxes
Parcel Number
48-001-1115.000
Land Assessment
$25,766 CAD
Improvements Assessment
$202,669 CAD
Total Assessment
$228,435 CAD
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