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
AVG $390K
$830K
Taxes
AVG $13,060
$10,451
Visits
AVG 31
15
Year Built
AVG 1951
1940
Walkscore
AVG 61
71
Data Provided by Walkscore ® not using MLS data

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