$550,000
$650,000
15.4%For more information regarding the value of a property, please contact us for a free consultation.
1525 Hanover Avenue Allentown City, PA 18109
4 Beds
4 Baths
4,515 SqFt
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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Bought with IronValley RE of Lehigh Valley