Property Overview
Price/Rent PSF $ 950,000.00
Asset Type Retail
Trade Type Sale
SQ. FT. Available INQUIRE
Date Available 08/07/2018
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HCG, as the exclusive advisor to the Owner, is pleased to present the opportunity to acquire 100% fee simple interest in a 37,037 Sq. Ft. multi-tenant strip center in Johnstown Pennsylvania. The subject property consists of an irregular-shaped parcel of land totaling 2.50 acres. It is improved with a single-story commercial retail building containing 7 retail units. The original portion of the building was constructed in 1962 with the Dollar General Store portion of the building added in 2002 and is CMU and steel-frame construction with painted CMU and brick veneer exterior walls. The roofing system is flat and covered with ethylene propylene diene monomer (EPDM) membrane. The foundation appeared to consist of concrete slab on grade. Heating and cooling is provided by roof mounted packaged and split system units. Interior finishes vary by tenant needs. Walls typically consist of painted or wall papered gypsum board and ceilings are constructed of acoustic ceiling tiles. Floor coverings consist of a combination of ceramic floor tiles, vinyl/linoleum flooring and commercial grade carpeting. Current tenants include: Wines & Spirits Liquor Store, Lee’s Cakes, M & K Resale Shop, Save A Lot and Dollar General. Potable water and sanitary sewer are provided by Johnstown Water & Sewer. The remainder of the property is improved with asphalt paved parking areas and driveways, concrete sidewalks and landscaping. Access to the site is provided via one driveway off of Sheridan Street to the west and several driveways off of Laurel Avenue to the south.