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
Overview
Description
Supplements: ... (Read more) 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.
Listing Details MLS# PM-79932
General Property Information
- Above Grade Finished Area
- 12485
- Building Area Total
- 12485
- Stories
- 2
- Year Built Source
- Other
- Lot Size Acres
- 0.29
- List Price/SqFt
- 38.77
- Sold Price/SqFt
- 38.77
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
Contract Information
- Property Sub Type
- Business
- Listing Contract Date
- 2020-08-07
- Listing Service
- Full Service
- Lease Considered YN
- No
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
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
Status Change Information
- Purchase Contract Date
- 2020-10-20
- Close Date
- 2020-12-22
- Close Price
- 484000
More Information
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
Business Type
- Professional Service
- Yes
- Professional/Office
- Yes
- Storage
- Yes
Listing Terms
- Cash
- Yes
- Conventional
- Yes
Possession
- Negotiable
- Yes
Current Use
- Residential
- Yes
- Commercial
- Yes
- Office
- Yes
- Other
- Yes
Possible Use
- Residential
- Yes
- Warehouse
- Yes
- Retail
- Yes
- Investment
- Yes
- Other
- Yes
- Multi-Family
- Yes
Construction Materials
- Brick
- Yes
Cooling
- Wall/Window Unit(s)
- Yes
Heating
- Natural Gas
- Yes
Water Source
- Public
- Yes
Sewer
- Public Sewer
- Yes
Parking Features
- On Site
- Yes
- Off Street
- Yes
Road Frontage Type
- City Street
- Yes
Road Surface Type
- Paved
- Yes
- Asphalt
- Yes
Road Responsibility
- Public Maintained Road
- Yes
Listing Office:
DLP Realty
Last Updated: March - 03 - 2025
Information deemed reliable but not guaranteed.