Address
751 Union Boulevard Allentown, PA
Price
$ 830,000
Property Attributes
- MLS#657850
- TypeCommercial
- CountyLEHIGH
- CityAllentown
- AreaAllentown-East
- Zip18109
- StyleApartment Building,Commercial,Retail
- Year Built1940
- Taxes10451
- Price$ 830,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage3912
- Lot Size10,716 SqFt
Listing Provided Courtesy Of:
EXP Realty LLC
Data Source:
Greater Lehigh Valley REALTORS
Property Description
$75,480 Actual Gross, $61,100 Verified Net Income, 7.3% CAP @ ASK. This turnkey CLASS "A," 3-Unit asset is fully occupied, cash flowing, and totally renovated with NEW granite counters, luxury bathroom upgrades, all NEW stainless steel kitchens, NEW hardwood flooring, upgraded electrical, central AC, recent GAS-installation, NEWLY paved 14-car parking lot and a completely custom restaurant renovation with 5 years left on the lease term. Recent Allentown hit restaurant, "Pacific Palm Bistro," opened during COVID and has flourished with all 5-star google reviews and increasing customer base. This .24 ACRE property has a massive traffic count and unprecedented curb appeal sitting on Union BLVD, directly across from CVS Pharmacy, and neighboring Wendy's and professional/retail strip malls. *ALL NEW WINDOWS *NO DEFERRED MAINTENANCE *SUBWAY TILED BATHROOM *WASHER/DRYER in UNITS *LARGE LOWER LEVEL *EASY RE-RENT *CLASS "A" ASSET/LOCATION/CONDITION/TENANCY. B-3-Highway Business ZONING.
| Price History | |
|---|---|
| 1/20/2021 | Listed $830,000 |
General Features
| Construction | Brick, Other |
|---|---|
| Cooling | Central AC |
| County | Lehigh |
| Parking | Off Site |
| Parking Spaces | 14 |
| Potential Use | Apartments, Auto Service, Convenience Store, Fast Food, Medical Service, Professional Service, Residence, Restaurant, Retail |
| School District | Allentown |
| Sewer | Public |
| Water | Public |
| Zoning Code | B-3-HIGHWAY BUSINESS |
Interior Features
| Ceiling | 0-9 Feet, 10-12 Feet |
|---|---|
| Level | Grade |
Exterior Features
| Road | City Road |
|---|---|
| Surfacetype | Black Top |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Master On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Zip Code Average in 18109
Price
Taxes
Visits
Year Built
Walkscore
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