$507,000
$507,000
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347 North 2nd Street Allentown City, PA 18102
5,264 SqFt
Key Details
Sold Price $507,000
Property Type Commercial
Sub Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 5,264 sqft
Price per Sqft $96
Subdivision Not In Development
MLS Listing ID 741945
Sold Date 08/30/24
Year Built 1890
Annual Tax Amount $6,694
Lot Size 3,441 Sqft
Property Description
Mix-use (3) three-unit investment property available for sale in Allentown. Two long-term tenants fully occupy the building, and the third unit offers the potential for additional rental income or owner-occupation. The ground-level commercial is leased by a long-term convenience store with further options for renewal. All units are separately metered, with the potential to increase rents. Located in a vibrant residential area on 2nd and Gordon St, near the newly constructed Jaindl Enterprises Waterfront mixed-use class A building. The property's value is further enhanced by its strategic location in a neighborhood set to benefit from Allentown's Vision 2030 initiative.
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Location
State PA
County Lehigh
Area Allentown-Central
Interior
Cooling Central AC
Building
Sewer Public
Water Public
New Construction No
Schools
School District Allentown
Others
Financing Cash,Conventional
Special Listing Condition Not Applicable
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Bought with Equity Lehigh Valley LLC
