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Key Details
Sold Price $507,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 5,264 sqft
Price per Sqft $96
MLS Listing ID PALH2009392
Sold Date 08/30/24
Originating Board BRIGHT
Year Built 1890
Annual Tax Amount $6,695
Tax Year 2022
Lot Size 3,441 Sqft
Acres 0.08
Lot Dimensions 40.00 x 86.00
Property Description
Mix-use (3) three-unit investment property available for sale in Allentown. Two long-term tenants fully occupy the building, and the third unit offers the potential for additional rental income or owner-occupation. The ground-level commercial is leased by a long-term convenience store with further options for renewal. All units are separately metered, with the potential to increase rents. Located in a vibrant residential area on 2nd and Gordon St, near the newly constructed Jaindl Enterprises Waterfront mixed-use class A building. The property's value is further enhanced by its strategic location in a neighborhood set to benefit from Allentown's Vision 2030 initiative. Contact us today for further details.
Location
State PA
County Lehigh
Area Allentown City (12302)
Zoning R-MH
Interior
Hot Water Electric
Heating Central
Cooling Central A/C
Heat Source Electric
Exterior
Waterfront N
Water Access N
Accessibility Ramp - Main Level
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Allentown
Others
Tax ID 640733661789-00001
Ownership Fee Simple
SqFt Source Assessor
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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Bought with NON MEMBER • Non Subscribing Office
"Jon's passion for real estate and his love for Virginia are a perfect match. He has made it his mission to help local residents sell their homes quickly and at the best possible prices. Equally, he takes immense pride in assisting homebuyers in finding their perfect piece of paradise in Virginia."
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