16-18 KING ST W Active

Shippensburg,PA 17257

$ 985000

- Bed

- Bath

- SqFt


Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID PACB2046128

Year Built 1900

Annual Tax Amount $7,316

Tax Year 2025

Lot Size 10,890 Sqft

Acres 0.25

Lot Dimensions 42'X257'

Property Sub-Type Mixed Use

Source BRIGHT

Property Description

MIXED USE COMMERCIAL AND RESIDENTIAL PROPERTY IN DOWNTOWN SHIPPENSBURG. ORIGINALLY BUILT PRE 1900. REAR ADDITION COMPLETED IN THE 1960'S. RENOVATED AND UPDATED IN 2008-10. OVER 15000 SQUARE FOOT.
5 COMMERCIAL SPACES INCLUDE; STORE FRONT OCCUPIED BY THE CUMBERLAND SHOP, MIDDLE FIRST FLOOR OCCUPIED BY UCP CENTRAL PA, MIDDLE SECOND FLOOR VACANT AND OFFERED FOR LEASE, 2-STORY REAR SPACE VACANT AND OFFERED FOR LEASE, FRONT SECOND FLOOR OFFICE SPACE VACANT AND OFFERED FOR LEASE. 3 RESIDENTIAL APARTMENTS INCLUDE; SECOND FLOOR 3BR/2BA LEASED, THIRD FLOOR (2) 2BR/1BA APT'S 1 LEASED AND 1 OFFERED FOR LEASE.
EACH COMMERCIAL SPACE INCLUDES FULL KITCHEN WITH APPLIANCES AND ADA COMPLIANT BATHROOMS. ALL APARTMENTS ARE UPDATED WITH NEWER KITCHEN, APPLIANCES AND FLOORING. APARTMENTS INCLUDE COMMON LAUNDRY FACILITIES WITH (2) WASHERS AND (2) DRYERS INCLUDED FOR TENANT USE.
ALL MECHANICAL SYSTEMS UPDATED IN 2008-10 INCLUDING; HVAC SYSTEMS, PLUMBING AND ELECTRICAL. PUBLIC WATER AND SEWER UTILITIES SEPARATED, 200 AMP ELECTRIC SEPARATED PER UNIT, 3-PHASE ELECTRIC.
CURRENT INCOME IS: $7,200 WITH 2COMMERCIAL SPACES VACANT, 1 2BR APARTMENT VACANT AND THE OFFICE SPACE VACANT. FULLY LEASED RENTAL INCOME IS $9,975. TENANTS PAY ALL UTILITIES. OWNER PAYS $300 PER MONTH TO LEASE PARKING SPACES FOR TENANT USE.

Location

State PA

County Cumberland

Area Shippensburg Boro (14432)

Zoning NC

Interior

Hot Water Electric

Heating Forced Air

Cooling Central A/C

Flooring Solid Hardwood,Concrete,Laminated

Heat Source Natural Gas

Exterior

Garage Spaces 13.0

Utilities Available Natural Gas Available,Sewer Available,Water Available,Electric Available

Water Access N

Roof Type Metal,Asphalt

Accessibility 2+ Access Exits,32\"+ wide Doors,36\"+ wide Halls,48\"+ Halls,Grab Bars Mod,Wheelchair Mod,Elevator,Level Entry - Main

Total Parking Spaces 13

Garage N

Building

Foundation Block,Stone,Slab

Sewer Public Sewer

Water Public

New Construction N

Schools

High Schools Shippensburg Area

School District Shippensburg Area

Others

Tax ID 34-34-2415-085

Ownership Fee Simple

SqFt Source Estimated

Security Features Fire Detection System

Special Listing Condition Standard

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