Allentown, PA 18101,148 S 7TH ST
Allentown, PA 18101,148 S 7TH ST
Allentown, PA 18101,148 S 7TH ST
Allentown, PA 18101,148 S 7TH ST
Allentown, PA 18101,148 S 7TH ST
Allentown, PA 18101,148 S 7TH ST
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$950,000

$950,000

Est.Price: ?

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Est. payment /mo

6,102 SqFt


SOLD DATE : 04/10/2024

Key Details

Sold Price $950,000

Property Type Commercial

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

Square Footage 6,102 sqft

Price per Sqft $155

MLS Listing ID PALH2006028

Sold Date 04/10/24

Originating Board BRIGHT

Year Built 1960

Annual Tax Amount $6,140

Tax Year 2022

Lot Size 7,100 Sqft

Acres 0.16

Lot Dimensions 71.10 x 100.00

Property Description

Investment Opportunity available for sale in Downtown Allentown. This mixed-use four (4) unit property is +/- 6,102 SF that features a ground-level retail space of +/- 3,450 SF; three (3) two-bedroom (1) bedroom residential apartments that are ready to be leased for $1,850 to $2,000 per month based on area comps. The building was completely renovated throughout, with all the residential units comprised of breathtaking views through the newly replaced bay windows. All the units are separately metered and offer min-split air units along with washer and dryer hookups.
The retail space is zoned B-2, which allows use for an Art gallery, Restaurant, Trade School, And a wide variety of Personal Services. The building is located one block from major Development such as (NIZ) Neighborhood Improvement Zone. The NIZ is a State Tax district created in 2011 that is being utilized to encourage development and revitalization in the center city of Allentown.
Call today for additional details.

Location

State PA

County Lehigh

Area Allentown City (12302)

Zoning B-2

Interior

Hot Water Electric

Heating Hot Water

Cooling Central A/C

Heat Source Electric

Exterior

Waterfront N

Water Access N

Accessibility None

Parking Type None

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Allentown

Others

Tax ID 640619345197-00001

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by AYON Abraham CODNER • Keller Williams Real Estate - Allentown
Bought with Jeniffer Benner • Keller Williams Real Estate-Conshohocken
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