218 Delaware Avenue, Palmerton, PA 18071
$612,500
Property Type:
Commercial Sale
Square Footage:
8,726
Lot Size (sq. ft.):
15,682
Status:
Closed
Current Price:
$612,500
List Date:
10/26/2020
Last Modified:
5/09/2025
Overview
Description
Listing Details MLS# PM-82544
General Property Information
- Above Grade Finished Area
- 8726
- Building Area Total
- 8726
- Building Area Source
- Public Records
- Stories
- 2
- Number Of Buildings
- 2
- Year Built
- 1907
- Year Built Source
- Other
- Lot Size Acres
- 0.36
- Sign On Property YN
- No
- List Price/SqFt
- 74.38
- Sold Price/SqFt
- 70.19
Property Features
Listing Terms:
Cash; Conventional
Existing Lease Type:
NNN; Gross
Disclosures:
Right of First Refusal
Possession:
Close Of Escrow
Current Use:
Commercial; Residential; Office
Possible Use:
Residential; Investment; Medical/Dental; Multi-Family
Business Type:
Professional Service; Professional/Office; Storage
Building Features:
Other
Rail Road Track:
None
Construction Materials:
Frame
Roof:
Other
Cooling:
Central Air
Heating:
Electric
Water Source:
Public
Sewer:
Public Sewer
Parking Features:
On Site
Road Frontage Type:
City Street
Road Surface Type:
Paved; Asphalt
Road Responsibility:
Public Maintained Road
Contract Information
- Property Sub Type
- Business
- Listing Contract Date
- 2020-10-26
- Listing Service
- Full Service
- Lease Considered YN
- No
Location Tax and Legal
- County
- Carbon
- Street Number
- 218
- Street Name
- Delaware
- Street Suffix
- Avenue
- City (Post Office)
- Palmerton
- State
- PA
- Postal Code
- 18071
Remarks and Miscellaneous
- Public Historical Remarks
- Warranty: None, Truck: Drive-in, Roof: Ridged, Level: Grade,Multi, Location: FreeStnd, Exterior Amenities: Sign, #Doors: 6-10Grade, Ceiling: 0-9FT,10-12FT, Miscellaneous: Zoning Code CD
- Public Remarks
- 10.63% CAP. 11-unit, mixed-use property with St. Luke's Physician Group as anchor tenant. Additional rentals include a 2-bedroom apartment and 9 garage rentals. SLPG occupies 70% of the 6,134 square foot building and has approximately 3.8 years remaining on the initial term with (2) 3-year renewal options. Tenant is responsible for CAM charges and lease has rental increases every 2 years. The additional 2,592 square foot garage building consist of 9 rental units.
Status Change Information
- Price Change Timestamp
- 2020-12-12T16:47:05Z
- Purchase Contract Date
- 2021-03-01
- Close Date
- 2021-05-07
- Close Price
- 612500
More Information
Unit Details
- Number Of Units Leased
- 11
Income and Expenses
- Cap Rate
- 9.34
Building Features
- Ceiling Height
- 9
- Number of Dock Doors
- 10
- Other
- Yes
Location, Tax, and Legal
- Parcel Number
- 42A-48-K5
- Municipality
- Palmerton Borough
- High School District
- Palmerton Area
- Cnty&Muni Taxes (Legacy)
- 0
- School Tax Amount
- 0
- Tax Annual Amount
- 9800.37
- Tax Assessed Value
- 119810
- Tax Book Number
- 1953/867
- Zoning Description
- Commercial
Business Type
- Professional Service
- Yes
- Professional/Office
- Yes
- Storage
- Yes
Listing Terms
- Cash
- Yes
- Conventional
- Yes
Existing Lease Type
- NNN
- Yes
- Gross
- Yes
Disclosures
- Right of First Refusal
- Yes
Possession
- Close Of Escrow
- Yes
Current Use
- Residential
- Yes
- Commercial
- Yes
- Office
- Yes
Possible Use
- Residential
- Yes
- Investment
- Yes
- Medical/Dental
- Yes
- Multi-Family
- Yes
Rail Road Track
- None
- Yes
Construction Materials
- Frame
- Yes
Roof
- Other
- Yes
Cooling
- Central Air
- Yes
Heating
- Electric
- Yes
Water Source
- Public
- Yes
Sewer
- Public Sewer
- Yes
Parking Features
- On Site
- Yes
Road Frontage Type
- City Street
- Yes
Road Surface Type
- Paved
- Yes
- Asphalt
- Yes
Road Responsibility
- Public Maintained Road
- Yes
Listing Office:
KW Commercial - Main St
Last Updated: May - 09 - 2025
Information deemed reliable but not guaranteed.
