3143 William Penn, Palmer Twp PA 18045 Photo 1 3143 William Penn, Palmer Twp PA 18045 Photo 2

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3143 William Penn - Lehigh Valley Investment property located in Palmer Township. This 32,310 SF retail building sits on 6.31 acres in a high traffic area. There are 4 tenants in the building: Planet Fitness (18,000SF), Easton Hospital (5,300 SF), Lets Speak Dog (3,000 SF), and Keystone Heights (2,000 SF). All lease provide for common area maintenance recapture on a pro-rata basis. There is a substantial increase in cash flow in year 5 due to increases in rental rate for Planet Fitness.

Listing information

  • MLS® ID: 590550
  • Status: Active
  • Foreclosure: No
  • Lot Size: 6.130 ACRES
  • School District: Easton
  • Style: Commercial
  • Stories: 0
  • Total Square Footage: 32,655 ($139.34 per sq. foot)
  • Estimated Annual Taxes: $41,569
  • Year Built: 1971
  • New Construction: No
  • Lot Area: 6.00 Acres
  • County: Northampton

Features

Area Palmer
Ceiling 10 12 Feet
Construction Brick, Masonry, Metal
Cooling Central Ac
Location Free Standing, Inside
Miscellaneous ADA Compliant, Concrete Floor, Display Window, Dock Level, Loading Dock, Security Lighting
Parking On Site
Potential Use Grocery Store, Restaurant, Shopping Center
Property Category Commercial
Road State
Sewer Public
Special Sale Conditions Not Applicable
Surface Type Black Top
Water Public
Listing Courtesy of Veraxia Commercial Real Estate