Allentown City, PA 18109,1525 Hanover Avenue
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Allentown City, PA 18109,1525 Hanover Avenue
Allentown City, PA 18109,1525 Hanover Avenue
Allentown City, PA 18109,1525 Hanover Avenue
Allentown City, PA 18109,1525 Hanover Avenue

$550,000

Est. payment /mo

$650,000

15.4%
Est.Price: ?

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1525 Hanover Avenue Allentown City, PA 18109

4 Beds

4 Baths

4,515 SqFt

SOLD DATE : 06/28/2024

Key Details

Sold Price $550,000

Property Type Commercial

Sub Type Detached,Mixed Use

Listing Status Sold

Purchase Type For Sale

Square Footage 4,515 sqft

Price per Sqft $121

Subdivision Not In Development

MLS Listing ID 734331

Sold Date 06/28/24

Bedrooms 4

Full Baths 3

Half Baths 1

Year Built 1915

Annual Tax Amount $8,168

Lot Size 5,096 Sqft

Property Description

**Attention Investors & Business Owners** Here is a NEW LISTING offered FOR SALE as an EXCEPTIONAL MIXED-USE 4-UNIT COMMERCIAL INVESTMENT PROPERTY consisting of 2 APARTMENTS, a MECHANICAL CONTRACTOR'S GARAGE UNIT, & the most incredible FULLY FITTED PROFESSIONAL SERVICES/SALON that could easily suit ANY other use imaginable in a City of Allentown Zoning B-3 (Highway Business Code) This property is NOW AVAILABLE directly across the street from The Lehigh Valley's NEXT BIGGEST APPROVED DEVELOPMENT on 200 ACRES called *NORTHRIDGE*, projected by City Center Developer to create 2,227 construction jobs & 385 long-term positions, in addition to $9.35 million in annual tax revenue, making the future appreciation value of this property we are selling a SOLID choice to add to your investment portfolio. This MIXED-USE sale presents a lucrative opportunity for RENTAL INCOME, OWNER OCCUPIED BUSINESS USE and/or LONG-TERM APPRECIATION. There are AFFORDABLE TAXES & PUBLIC NATURAL GAS UTILITIES on site as well as CENTRAL A/C. Buyers will NOT be disappointed in the heavily traveled AVENUE LOCATION with a daily traffic count of almost 24,000 cars passing by per day & within minutes of ALL LEHIGH VALLEY major highways. Schedule a tour with The Listing Broker ASAP because we are expecting a fast sale due to LOW INVENTORY & HEAVY BUYER DEMAND. Please allow 48hr notice for scheduling to allow us to schedule tours conveniently with tenants, the building is FULLY OCCUPIED. Thank you for your interest!

Location

State PA

County Lehigh

Area Allentown-East

Interior

Cooling Central AC

Exterior

Garage Spaces 5.0

Building

Story 3.0

Sewer Public

Water Public

New Construction No

Schools

School District Allentown

Others

Financing Cash,Conventional,Seller Assisted

Special Listing Condition Not Applicable

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First Heritage Realty Alliance

First Heritage Realty Alliance

+1(267) 525-7900

Our team is ready to help you sell your home for the highest possible price ASAP


Listed by RE/MAX Central - Center Valley
Bought with IronValley RE of Lehigh Valley

First Heritage Realty Alliance

+1(267) 525-7900

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