2312 S 5th Street, Allentown, PA 18103
$680,000
Property Type:
Commercial Sale
Square Footage:
11,685
Lot Size (sq. ft.):
574,948,440
Status:
Closed
Current Price:
$680,000
List Date:
3/15/2025
Last Modified:
8/15/2025
Overview
Description
Listing Details MLS# PM-130409
General Property Information
- Above Grade Finished Area
- 11685
- Building Area Total
- 11685
- Building Area Source
- Public Records
- Stories
- 3
- Number Of Buildings
- Yes
- Year Built
- 1900
- Year Built Source
- Estimated
- Business Name
- TBG Storage - Allentown
- Garage YN
- No
- Carport YN
- No
- Open Parking YN
- Yes
- Open Parking Spaces
- 4
- Lot Size Acres
- 13199
- Water Body Access YN
- No
- List Price/SqFt
- 59.48
- Sold Price/SqFt
- 58.19
Property Features
Special Listing Conditions:
Standard
Listing Terms:
Cash; Conventional
Owner Pays:
Water; Sewer; Insurance; Taxes; Roof Maintenance; Repairs; Snow Removal
Tenant Pays:
Electricity; Trash Collection
Income Includes:
Rent Only
Financial Data Source:
Owner
Possession:
Close Of Escrow
Structure Type:
Warehouse; Mixed Use
Current Use:
Commercial; Mixed Use
Business Type:
Storage
Property Condition:
Updated/Remodeled
Building Features:
Turnkey Operations
Basement:
Unfinished
Roof:
Rubber; Shingle; Flat
Cooling:
Central Air; Window Unit(s)
Heating:
Baseboard; Electric; Natural Gas
Water Heater:
Electric
Water Source:
Public
Sewer:
Public Sewer
Utilities:
Natural Gas Connected
Parking Features:
Parking Lot; On Site
Water Body View:
No
Contract Information
- Property Sub Type
- Mixed Use
- Rent Control YN
- No
- Listing Contract Date
- 2025-02-15
- Listing Service
- Full Service
- Lease Considered YN
- No
Location Tax and Legal
- County
- Lehigh
- Street Number
- 2312
- Street Direction Prefix
- S
- Street Name
- 5th
- Street Suffix
- Street
- City (Post Office)
- Allentown
- State
- PA
- Postal Code
- 18103
- Subdivision Name
- None
Remarks and Miscellaneous
- Public Remarks
- 36 unit climate controlled self storage facility plus 3 apartments above at an 8.28% cap rate with lots of room for growth in rents. Located on a quiet street of Allentown and right off the bustling 4th street that's full of every retailer. New flat rubber roof over the storage completed 3 years ago. All apartments pay their own heat and cooking utilities. LL pays for water, sewer, insurance and taxes. Call for full financials. Seller is motivated to get this one sold and move onto a bigger facility
- Exclusions
- TBG Storage name, phone number, website and all intellectual property is not included.
Status Change Information
- Price Change Timestamp
- 2025-05-12T16:12:00Z
- Purchase Contract Date
- 2025-06-09
- Close Date
- 2025-08-15
- Close Price
- 680000
More Information
Unit Details
- Number Of Units Leased
- 39
Income and Expenses
- Gross Income
- 91584
- Net Operating Income
- 63324
- Cap Rate
- 8.27
Meter Information
- Number Of Separate Electric Meters
- 4
Road Frontage Type
- Road Frontage Length
- 80
Location, Tax, and Legal
- Parcel Number
- 640651803000 001
- Municipality
- Allentown City
- County Tax Amount
- 1158.57
- Municipal Tax Amount
- 2500.33
- School Tax Amount
- 6940.14
- Tax Annual Amount
- 10599
- Tax Assessed Value
- 306500
- Tax Year
- 2024
- Zoning Description
- Residential
Currently Not Used
- Number Of Units Total
- 39
Business Type
- Storage
- Yes
Special Listing Conditions
- Standard
- Yes
Listing Terms
- Cash
- Yes
- Conventional
- Yes
Owner Pays
- Water
- Yes
- Sewer
- Yes
- Insurance
- Yes
- Taxes
- Yes
- Roof Maintenance
- Yes
- Repairs
- Yes
- Snow Removal
- Yes
Tenant Pays
- Electricity
- Yes
- Trash Collection
- Yes
Income Includes
- Rent Only
- Yes
Financial Data Source
- Owner
- Yes
Possession
- Close Of Escrow
- Yes
Structure Type
- Warehouse
- Yes
- Mixed Use
- Yes
Current Use
- Commercial
- Yes
- Mixed Use
- Yes
Property Condition
- Updated/Remodeled
- Yes
Building Features
- Turnkey Operations
- Yes
Basement
- Unfinished
- Yes
Roof
- Rubber
- Yes
- Shingle
- Yes
- Flat
- Yes
Cooling
- Central Air
- Yes
- Window Unit(s)
- Yes
Heating
- Baseboard
- Yes
- Electric
- Yes
- Natural Gas
- Yes
Water Heater
- Electric
- Yes
Water Source
- Public
- Yes
Sewer
- Public Sewer
- Yes
Utilities
- Natural Gas Connected
- Yes
Parking Features
- Parking Lot
- Yes
- On Site
- Yes
Water Body View
- No
- Yes
Listing Office:
KW Commercial - Blue Bell
Last Updated: August - 15 - 2025
Information deemed reliable but not guaranteed.
