Home for Sale at 296 EASTON ROAD, HORSHAM, PA 19044

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296 Easton Road
Horsham, PA 19044

Brian Kang with RE/MAX Services, original listing - (215) 641-2500

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Property Details

List Price:	$650,000
Beds:	--
Baths:	--
Status:	Active
SqFt:	--
Agency:	RE/MAX Services
Agency Phone:	(215) 641-2500

Map Details Show Map | Show StreetView

Description/Comments

Lot Size:	0 acre(s)
Property Type:	Commercial Sale-Other
Year Built:	1950
Notes:	Introducing a truly remarkable investment opportunity that aligns perfectly with your esteemed investment philosophy and long-term vision. Welcome to 296 Easton Rd(Rt. 611), commercial retail property w/side & rear private parking(parks 15+cars) is located in the highly visible and heavy traffic road of Horsham Township. This approximately 17,300 sq/ft lot, actively operated dry cleaning business by the owner, nestled in the prime commercial zoning (GC-2) within a high density residential & commercial area making it an ideal destination for businesses and ensuring high visibility for retail establishments. GC-2 zoning allows diverse business opportunities at the location(see uploaded zoning document) and the parking lot is large enough for 15 or more cars. Additionally, there are two convenient accesses from Easton Rd(Rt. 611) and Horsham Rd for easy in-out. This incredible property will be your approach to long-term investments and commitment to ethical values resonate with the core of opportunity. Your astute decision-making and focus on real estate, rather than stocks, make you the ideal candidate to seize this investment will make a meaningful impact on your business career and future assets. Please do not approach business owners or employees. Must show proof of funds or pre-approval prior to all showing appointments.
MlsNumber:	--
ListingId:	PAMC2118856

Listing Provided By:	RE/MAX Services, original listing
Phone:	(215) 641-2500
Office Phone:	(215) 641-2500
Agent Name:	Brian Kang
Disclaimer:	Copyright © 2024 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest.

The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered.

VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale.

This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments.

Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.

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