1007 Union Boulevard,Allentown City, PA 18109
Allentown City, PA 18109
Description
Investment opportunity available for sale. This +/- 4,228 SF building is occupied by the district court for a 5-year lease with a 5-year option, on a gross lease with yearly increases. The existing tenant has completed 5 years and has signed another long-term lease, with no plans to move. The building was fully renovated 5 years ago and is meticulously maintained by the landlord-great investment for 1031 Exchange, or Cash buyers. Located on busy Union Blvd, just minutes from the upcoming $425 million Waterfront development - a vibrant 29-acre project on the Lehigh River's western bank. This exciting project will feature Class A office buildings, upscale apartments, restaurants, and green spaces - all poised to boost foot traffic and business growth. The property is zoned B-3 Highway Business, which allows many uses or redevelopment once the remaining term expires. Call today for more information
Details
| MLS # | 770061 |
|---|---|
| Listing Type | For Sale |
| Style | Office |
| Sub-Type | Resale |
| Status | Active |
| Year | 1959 |
| Days On Site | 272 |
| Listing Provided By | Keller Williams Allentown | Ayon A. Codner |
Features
| SQ Feet | 4,228 |
|---|---|
| Zoning | B-3 |
| Acreage | 0.20 |
Parking
| Parking Features | On Street |
|---|
Taxes
| Tax Annual Amount | 13057.35 |
|---|
Area Information
| State | PA |
|---|---|
| County | Lehigh |
| City | Allentown City |
| Zip Code | 18109 |
| Area | Allentown East |
| Listing VS Median (in 18109) | |
Price: $749,900 low | high Med: $239,950 sqft: 4,228 low | high Med: 1,509 $ / sqft: $177 low | high Med: $163 On site: 272 low | high Med: 47 | |
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Learn More About This Property
| State | PA |
|---|---|
| County | Lehigh |
| City | Allentown City |
| Zip Code | 18109 |
| Area | Allentown East |
| Listing VS Median (in 18109) | |
Price: $749,900 low | high Med: $239,950 sqft: 4,228 low | high Med: 1,509 $ / sqft: $177 low | high Med: $163 On site: 272 low | high Med: 47 | |
