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| Station Sales? https://rypn.org/forums/viewtopic.php?f=1&t=27698 |
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| Author: | Ed Kapuscinski [ Wed Jul 01, 2009 3:06 pm ] |
| Post subject: | Station Sales? |
Does anyone know of any passenger stations recently being sold in the mid atlantic area? I know it's somewhat nebulous, but I know someone trying to get a fair value on one, and figure you would all know if anything recently changed hands. Thanks! |
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| Author: | eldiner [ Wed Jul 01, 2009 3:29 pm ] |
| Post subject: | Re: Station Sales? |
The Blairstown, NJ station on the abandoned Lackawanna Cutoff sold about 5 years ago for $300,000. |
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| Author: | robertjohndavis [ Wed Jul 01, 2009 10:34 pm ] |
| Post subject: | Re: Station Sales? |
Milan, PA on the ex Lehigh Valley main is for sale with two ex LV cabooses. Not sure of the price, been on the market a year or more. Rob |
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| Author: | Alexander D. Mitchell IV [ Wed Jul 01, 2009 10:58 pm ] |
| Post subject: | Re: Station Sales? |
Really and truly, "it depends." I can show you one town where the borough finally sold a neglected one-story PRR wooden depot, with land, for $65,000. It's still neglected a couple years later. Meanwhile, a two-story brick PRR depot in a nearby division-point city supposedly sold for about a half-million. Factors involved: Active RR line adjacent? Busy main or branch? has it been upgraded to code, or is it museum-worthy? Zoning? Downtown or off-side/outside town? Construction (wood/brick/etc.)? |
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| Author: | mincy21 [ Thu Jul 02, 2009 5:50 pm ] |
| Post subject: | Re: Station Sales? |
The price of a station is going to depend on the real estate values in the area of the building! |
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| Author: | scottychaos [ Fri Jul 03, 2009 11:12 pm ] |
| Post subject: | Re: Station Sales? |
robertjohndavis wrote: Milan, PA on the ex Lehigh Valley main is for sale with two ex LV cabooses. Not sure of the price, been on the market a year or more. Rob The asking price for the Milan, PA station was $60,000.. which was too high IMO.. based on the area, the size of the building, its condition, and the fact that its next to an active rail line..I would peg its value at about $40,000.. (im familiar with real estate values in Waverly/Sayre/Athens) but the two cabooses were included in the listing, which raises the price.. I dont know what it eventually sold for.. or if it even sold at all..but the for-sale signs are now gone. photos: http://www.railroad.net/forums/viewtopi ... 89&t=54629 Scot |
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| Author: | robertjohndavis [ Sat Jul 04, 2009 12:28 am ] |
| Post subject: | Re: Station Sales? |
$60K for Milan? I wish I knew that, might have been able to convince the Mrs for a vacation home by the tracks. :-) Living here in NJ where $60K barely buys the cars I part next to, that is almost unfathomable, especially if the two hacks came with it. It looked pretty intact, too, when I last saw in Summer 2008. Rob |
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