$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
Listing Status Sold
Purchase Type For Sale
Square Footage 2,000 sqft
Price per Sqft $706
Subdivision Not In Development
MLS Listing ID 719281
Sold Date 01/02/24
Year Built 1948
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 Central AC
Exterior
Garage Paved Lot
Garage Spaces 10.0
Building
Sewer Public
Water Public
New Construction No
Schools
School District Allentown
Others
Financing Cash,Conventional,Exchange
Special Listing Condition Not Applicable
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