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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
Parking Type On Street
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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