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Key Details
Sold Price $950,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 6,102 sqft
Price per Sqft $155
MLS Listing ID PALH2006028
Sold Date 04/10/24
Originating Board BRIGHT
Year Built 1960
Annual Tax Amount $6,140
Tax Year 2022
Lot Size 7,100 Sqft
Acres 0.16
Lot Dimensions 71.10 x 100.00
Property Description
Investment Opportunity available for sale in Downtown Allentown. This mixed-use four (4) unit property is +/- 6,102 SF that features a ground-level retail space of +/- 3,450 SF; three (3) two-bedroom (1) bedroom residential apartments that are ready to be leased for $1,850 to $2,000 per month based on area comps. The building was completely renovated throughout, with all the residential units comprised of breathtaking views through the newly replaced bay windows. All the units are separately metered and offer min-split air units along with washer and dryer hookups.
The retail space is zoned B-2, which allows use for an Art gallery, Restaurant, Trade School, And a wide variety of Personal Services. The building is located one block from major Development such as (NIZ) Neighborhood Improvement Zone. The NIZ is a State Tax district created in 2011 that is being utilized to encourage development and revitalization in the center city of Allentown.
Call today for additional details.
Location
State PA
County Lehigh
Area Allentown City (12302)
Zoning B-2
Interior
Hot Water Electric
Heating Hot Water
Cooling Central A/C
Heat Source Electric
Exterior
Waterfront N
Water Access N
Accessibility None
Parking Type None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Allentown
Others
Tax ID 640619345197-00001
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with Jeniffer Benner • Keller Williams Real Estate-Conshohocken
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "