For Sale
For Sale
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Year Built
1905
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Total Building Size
2,842 RSF
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Overview
Take 476 North to 209 South towards Lansford. Right on Spring Garden, left on Ridge, go to end of block. 2 E Ridge Street is located in the heart of the commercial district of Lansford. It’s situated on the corner of Tunnel and Ridge, the latter of which is the main commercial street. The building is a solid 3 story brick building with a long history of fully occupied units. The first floor commercial space has operated as a real estate office for many years. The residences above have been improved over the years to keep occupants and new tenants happy. 2 E Ridge Street is located across from the Borough Offices and next to shops, restaurants and local services. The commercial unit may be able to be split into an additional 2 residential units, bringing the total to 7 apartments. Current rents are below market value allowing the next owner to quickly improve on the net return of this investment. Tenants currently operate on short term leases allowing an investor a variety of options to reposition the property.
Property Details
Take 476 North to 209 South towards Lansford. Right on Spring Garden, left on Ridge, go to end of block. 2 E Ridge Street is located in the heart of the commercial district of Lansford. It’s situated on the corner of Tunnel and Ridge, the latter of which is the main commercial street. The building is a solid 3 story brick building with a long history of fully occupied units. The first floor commercial space has operated as a real estate office for many years. The residences above have been improved over the years to keep occupants and new tenants happy. 2 E Ridge Street is located across from the Borough Offices and next to shops, restaurants and local services. The commercial unit may be able to be split into an additional 2 residential units, bringing the total to 7 apartments. Current rents are below market value allowing the next owner to quickly improve on the net return of this investment. Tenants currently operate on short term leases allowing an investor a variety of options to reposition the property.
- Property TypeMulti-Family
- Year Built1905
- Sale Price$239,900
- Total Building Size2,842RSF
- Total Acres0.06
- Sale StatusAvailable
- Property ID2133665