Allentown City, PA 18101,148 S 7Th ST

$950,000

Est. payment /mo

$950,000

Est.Price: ?

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148 S 7Th ST Allentown City, PA 18101

6,102 SqFt

SOLD DATE : 04/10/2024

Key Details

Sold Price $950,000

Property Type Commercial

Sub Type Commercial

Listing Status Sold

Purchase Type For Sale

Square Footage 6,102 sqft

Price per Sqft $155

MLS Listing ID 718592

Sold Date 04/10/24

Construction Status Unknown

HOA Y/N No

Year Built 1960

Lot Size 7,100 Sqft

Acres 0.163

Property Sub-Type Commercial

Property Description

Investment Opportunity available for sale in Downtown Allentown. This mixed-use four (4) unit property is +/- 6,102 SF that features a ground-level retail space of +/- 3,450 SF; three (3) two-bedroom (1) bedroom residential apartments that are ready to be leased for $1,850 to $2,000 per month based on area comps. The building was completely renovated throughout, with all the residential units comprised of breathtaking views through the newly replaced bay windows. All the units are separately metered and offer min-split air units along with washer and dryer hookups.
The retail space is zoned B-2, which allows use for an Art gallery, Restaurant, Trade School, And a wide variety of Personal Services. The building is located one block from major Development such as (NIZ) Neighborhood Improvement Zone. The NIZ is a State Tax district created in 2011 that is being utilized to encourage development and revitalization in the center city of Allentown.

Location

State PA

County Lehigh

Area Allentown-Central

Direction From the Lehigh Valley Mall, Turn Left onto Macarthur Road (Burger king on the corner) continue straight on S 7th Street and arrive at your destination.

Interior

Cooling Central Air

Fireplace No

Exterior

Street Surface Asphalt

Building

Construction Status Unknown

Schools

School District Allentown

Others

Tax ID 640619345197001

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Conventional

Special Listing Condition None

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Listed by Keller Williams Real Estate
Bought with KW Philly
agent

Michael Gibbons

Agent | License ID: RS362721

+1(610) 704-9709

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