1529 Hanover Avenue Allentown, PA $ 650,000
1529 Hanover Avenue
$ 650,000
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1529 Hanover Avenue

Allentown, PA, 18109
$ 650,000
Baths0.0 Sq 4,215

Monthly Estimate*

$ 4,320

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Studio

Commercial Property for sale in Allentown, PA

for $650,000. This 4,215 square foot building was built in 1915 on a lot size of 0.117.

**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!

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Commercial Active

Price

$ 650,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 8,168

Style

Apartment Building,Garage,Retail

Lot Size

0.117

Year Built

1915

Town/City

Allentown

County/Region

Lehigh

MLS | Web ID

734333

Features
General
Sewer Public
Construction Brick Concrete Block Masonry Stone Vinyl
Cooling Central AC
Water Public
Potential Use Apartments Auto Service Beauty Parlor Building Trades Church Convenience Store Laundry Medical Service Office Professional Service Research and Develop Restaurant Retail School Care Tavern Warehouse
Parking Spaces 5
County Lehigh
Zoning Code B-3
School District Allentown
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Interior
Level Multi
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* Excluded Features
List By
David Feinberg

Listing Agent

Re/Max Central - Center Valley

Broker

davidfeinberg@remax.net

Email

Affordability Calculator

$5,001
Per Month
86%
14%
0%
Monthly Principal & Interest
$4,320
Monthly Property Taxes
$681
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
266650 Elementary School
266653 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/22/2024$650,000 -5.11% Price Down
4/8/2024$685,000 -4.20% Price Down
3/17/2024$715,000 Listed Price

Map


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1529 Hanover Avenue, Allentown, PA, 18109 is a Commercial Property for sale at $650,000 with 4,215 sqft and a lot size of 0.117. 1529 Hanover Avenue is a studio with 0.0 baths and was built in 1915. The property's zip code is 18109 which is in Allentown, PA