701 North Jordan Street,Allentown City, PA 18102
Allentown City, PA 18102
Description
This 5-unit mixed-use property offers two buildings on a single deed and a diversified income mix just a few blocks from the Allentown Waterfront development already reshaping this corridor. Unit 1 is a bar/restaurant with 2 bathrooms, Unit 2 is a mini mart, Unit 3 is a 1-bedroom/1-bathroom apartment currently owner-occupied and will be delivered at closing, Unit 4 is a 3-bedroom/1-bathroom apartment currently tenanted, and Unit 5 is a 3-bedroom/1-bathroom apartment currently tenanted with water included in the rent. The commercial spaces will be delivered vacant of business operations, giving a new owner a clean slate to operate, re-lease, or explore alternative uses with the city. With five diverse income streams under one deed, the upside potential here is significant for the right investor. Liquor license does not convey and must be obtained separately. This property has been family-owned for generations, the current owner is ready to retire and motivated to close. Do not let this one pass you by.
Details
| MLS # | 779785 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Sub-Type | Resale |
| Status | Active |
| Year | 1904 |
| Days On Site | 101 |
| Listing Provided By | EXP Realty LLC | Zack Nebbaki |
Features
| Bed(s) | 6 |
|---|---|
| Bath(s) | 5 Total |
| SQ Feet | 4,120 |
| Units | 5 |
| Zoning | B1/R |
| Acreage | 0.06 |
Taxes
| Tax Annual Amount | 7895.81 |
|---|
Area Information
| State | PA |
|---|---|
| County | Lehigh |
| City | Allentown City |
| Zip Code | 18102 |
| Area | Allentown Central |
| Community Name | Not in Development |
| Listing VS Median (in Not in Development) | |
Price: $649,900 low | high Med: $289,900 sqft: 4,120 low | high Med: 928 $ / sqft: $158 low | high Med: $312 On site: 101 low | high Med: 48 | |
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Learn More About This Property
| State | PA |
|---|---|
| County | Lehigh |
| City | Allentown City |
| Zip Code | 18102 |
| Area | Allentown Central |
| Community Name | Not in Development |
| Listing VS Median (in Not in Development) | |
Price: $649,900 low | high Med: $289,900 sqft: 4,120 low | high Med: 928 $ / sqft: $158 low | high Med: $312 On site: 101 low | high Med: 48 | |
