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184 S 1st Street, Lehighton, PA 18235 (MLS# PM-79932)

184 S 1st Street, Lehighton, PA 18235

$484,000
Property Type: Commercial Sale Square Footage: 12,485 Lot Size (sq. ft.): 12,632 Status: Closed
Current Price: $484,000 List Date: 10/20/2020 Last Modified: 3/03/2025

Description

Opportunity to purchase stabilized multifamily mixed use property feat. 7 apartments, 2 street retail, 3 internal office/retail spaces & 6,200+/- SF 3 fl warehouse. 15 unit building located in downtown Lehighton surrounded by shops, restaurants and services. Each apartment fully occupied with private interior entrance. Apartments are large, well maintained and have 2 levels each. 1st fl feat. 2 commercial storefronts and 3 internal office/retail spaces with large interior promenade. Spaces can be combined or separated further depending on need. Warehouse connected to main building & accessed from 1st or 2nd fl through main building. Residential apts on 2nd and 3rd floor can be accessed via front or rear of property, where there is private parking and common outdoor area for tenants. Each

Supplements: unit separately metered and tenants pay all utilities directly to the provider. Rent has not been raised to market levels in some time - opportunity for new owner to quickly improve cash flow. This building has strong cash flow at the current occupancy and rental rate. The smart investor will be able to quickly improve occupancy and rental rate, effectively double the net income. Additional units available in adjacent property - contact listing agent for details.

More Information MLS# PM-79932

Contract Information

Listing Service: Full Service Lease Considered YN: No Property Sub Type: Business Sold Price: $484,000 Current Price: $484,000 Status: Closed Listing Contract Date: 2020-08-07

Location, Tax, and Legal

Parcel Number: 70A10-29-U14 Municipality: Lehighton Borough High School District: Lehighton Area Tax Book Number: 439/603 Zoning Description: Commercial

General Property Information

Above Grade Finished Area: 12485 Stories: 2 Year Built Source: Other Lot Size Acres: 0.29 List Price/SqFt: 38.77 Sold Price/SqFt: 38.77 Building Area Total: 12485

Remarks and Miscellaneous

Public Historical Remarks: Miscellaneous: Zoning Code C2 Public Remarks: Opportunity to purchase stabilized multifamily mixed use property feat. 7 apartments, 2 street retail, 3 internal office/retail spaces & 6,200+/- SF 3 fl warehouse. 15 unit building located in downtown Lehighton surrounded by shops, restaurants and services. Each apartment fully occupied with private interior entrance. Apartments are large, well maintained and have 2 levels each. 1st fl feat. 2 commercial storefronts and 3 internal office/retail spaces with large interior promenade. Spaces can be combined or separated further depending on need. Warehouse connected to main building & accessed from 1st or 2nd fl through main building. Residential apts on 2nd and 3rd floor can be accessed via front or rear of property, where there is private parking and common outdoor area for tenants. Each

Business Type

Professional Service: 1 Professional/Office: 1 Storage: 1

Listing Terms

Cash: 1 Conventional: 1

Possession

Negotiable: 1

Current Use

Residential: 1 Commercial: 1 Office: 1 Other: 1

Possible Use

Residential: 1 Warehouse: 1 Retail: 1 Investment: 1 Other: 1 Multi-Family: 1

Construction Materials

Brick: 1

Cooling

Wall/Window Unit(s): 1

Heating

Natural Gas: 1

Water Source

Public: 1

Sewer

Public Sewer: 1

Parking Features

On Site: 1 Off Street: 1

Road Frontage Type

City Street: 1

Road Surface Type

Paved: 1 Asphalt: 1

Road Responsibility

Public Maintained Road: 1

Location Tax and Legal

County: Carbon Street Number: 184 Street Name: S 1st Street Suffix: Street City (Post Office): Lehighton State: PA Postal Code: 18235

Status Change Information

Purchase Contract Date: 2020-10-20 Close Date: 2020-12-22 Close Price: 484000

Property Features

Listing Terms: Cash; Conventional Possession: Negotiable Current Use: Commercial; Residential; Other; Office Possible Use: Residential; Investment; Other; Multi-Family; Retail; Warehouse Business Type: Professional Service; Professional/Office; Storage Construction Materials: Brick Cooling: Wall/Window Unit(s) Heating: Natural Gas Water Source: Public Sewer: Public Sewer Parking Features: On Site; Off Street Road Frontage Type: City Street Road Surface Type: Paved; Asphalt Road Responsibility: Public Maintained Road
Listing Office: DLP Realty
IDX
Last Updated: March - 03 - 2025
Information deemed reliable but not guaranteed.