$1,412,000
$1,590,000
11.2%For more information regarding the value of a property, please contact us for a free consultation.
1125 Colorado Street Allentown City, PA 18103
2,000 SqFt
Key Details
Sold Price $1,412,000
Property Type Commercial
Sub Type Commercial,Office Building
Listing Status Sold
Purchase Type For Sale
Square Footage 2,000 sqft
Price per Sqft $706
MLS Listing ID 719280
Sold Date 12/08/23
Year Built 1948
Annual Tax Amount $17,199
Lot Size 4.000 Acres
Property Description
Income-generating land and tower site for sale. This unique and rare opportunity features 4.00 acres with a +/-2,000 SF building and two antennae structures. The building is currently leased by two long-term radio stations with the option for renewals. This investment opportunity has a current NOI of $127,220.62 per year, and with the right investor, the potential to maximize their income by adding additional telecommunication services to the tower. The land is zoned (R-M) Medium Density Residential, which allows uses such as single-family dwellings, Apartments, and Multifamily. The building and tower are well maintained by the owner.
The site is located in a residential neighborhood with the potential for redevelopment.
Call today for additional details.
Location
State PA
County Lehigh
Area Allentown-Central
Interior
Cooling Other
Exterior
Garage On Site
Utilities Available 3 Phase
Building
Water Public
New Construction No
Schools
School District Allentown
Others
Financing Cash,Conventional,Exchange
Special Listing Condition Not Applicable
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Bought with Keller Williams Real Estate