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457 Lincoln Street - 82,000 SF five story industrial building approved for conversion to 72 residential units. Building sits on 1.3 AC of zoned MD-Res and Industrial use land. Property has undergone Phase I & II Inspections as well as Lead and Asbestos Remediation. Currently there is an active demo permit and demolition is underway. Property will be sold with all approvals, permits, and full construction docs. The new owner will literally be able to take over and continue with construction. A construction firm is in place and ready to get started or new owner can use their own firm. Current bid is 7.1M and post renovation value exceeds 13 million! Clearly a project worth considering. Seller will consider Joint Venture options.

Listing information

  • MLS® ID: 596939
  • Status: Active
  • Foreclosure: No
  • Estimated Annual Taxes: $32,366
  • Style: Commercial
  • Stories: 0
  • Total Square Footage: 82,000 ($35.98 per sq. foot)
  • County: Northampton
  • Year Built: 1921
  • New Construction: No
  • Lot Area: 1.32 Acres
  • School District: Easton

Features

Area South Easton
Construction Masonry
Cooling None
Level Multi
Location Corner, Free Standing
Parking On Site
Potential Use Apartments
Property Category Apartment Building, Commercial, Industrial
Road City Road
Sewer Public
Special Sale Conditions Not Applicable
Surface Type Black Top, Concrete
Water Public
Listing Courtesy of Steel City Realty