$612,500
$649,000
5.6%For more information regarding the value of a property, please contact us for a free consultation.
218 Delaware Avenue Palmerton Borough, PA 18071
8,726 SqFt
Key Details
Sold Price $612,500
Property Type Condo
Sub Type Apartment Style,Commercial,Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 8,726 sqft
Price per Sqft $70
Subdivision Not In Development
MLS Listing ID 652271
Sold Date 05/17/21
Year Built 1907
Lot Size 0.360 Acres
Property Description
10.63% CAP. 11-unit, mixed-use property with St. Luke's Physician Group as anchor tenant. Additional rentals include a 2-bedroom apartment and 9 garage rentals. SLPG occupies 70% of the 6,134 square foot building and has approximately 3.8 years remaining on the initial term with (2) 3-year renewal options. Tenant is responsible for CAM charges and lease has rental increases every 2 years. The additional 2,592 square foot garage building consist of 9 rental units.
Location
State PA
County Carbon
Area Palmerton
Interior
Cooling Central AC
Exterior
Garage Unpaved Lot
Garage Spaces 10.0
Building
Story 2.0
Sewer Public
Water Public
New Construction No
Schools
School District Palmerton
Others
Financing Cash,Conventional
Special Listing Condition Not Applicable
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Bought with Keller Williams Real Estate
