Connect with a Building Expert

  • This field is for validation purposes and should be left unchanged.
  • By submitting your information you agree to our privacy policy.

24 S 8Th Street, Allentown, PA (MLS# PM-75222)

24 S 8Th Street, Allentown, PA

$1,200,000
Property Type: Commercial Sale Square Footage: 8,100 Lot Size (sq. ft.): 2,614 Status: Closed
Current Price: $1,200,000 List Date: 1/27/2020 Last Modified: 2/27/2025

Overview

Description

*CALLING FOR HIGHEST & BEST BY 10:00AM 2/6/2020* TURN-KEY, CLASS A COMMERCIAL PROPERTY IN HEART OF ALLENTOWN BUSINESS DISTRICT. 8 unit building consists of 7 luxury apartment units and 1 commercial space with long term lease. Stunning apartments feature central a/c, washer/dryer, exposed brick walls, wood flooring, modern kitchen with stainless steel appliances, granite countertops, and high ceilings. Five 2-bedroom units, Two 1-bedroom units, and commercial space are fully occupied with year+ leases. With the NY style character of the building and the proximity to entertainment & public transportation, this location is highly desirable for both investors and tenants.

Listing Details MLS# PM-75222

General Property Information

Above Grade Finished Area
8100
Building Area Total
8100
Stories
3
Year Built
1900
Year Built Source
Other
Lot Size Acres
0.06
Sign On Property YN
No
List Price/SqFt
148.15
Sold Price/SqFt
148.15

Property Features

Listing Terms: Cash; Conventional Disclosures: Right of First Refusal Possession: Close Of Escrow Cooling: Central Air Heating: Electric Sewer: Public Sewer Road Frontage Type: City Street Road Surface Type: Paved Road Responsibility: Public Maintained Road

Contract Information

Property Sub Type
Business
Listing Contract Date
2020-01-27
Listing Service
Full Service
Lease Considered YN
No

Location Tax and Legal

County
Lehigh
Street Number
24
Street Direction Prefix
S
Street Name
8Th
Street Suffix
Street
City (Post Office)
Allentown
State
PA

Remarks and Miscellaneous

Public Historical Remarks
Miscellaneous: Zoning Code B-2-Central Business
Public Remarks
*CALLING FOR HIGHEST & BEST BY 10:00AM 2/6/2020* TURN-KEY, CLASS A COMMERCIAL PROPERTY IN HEART OF ALLENTOWN BUSINESS DISTRICT. 8 unit building consists of 7 luxury apartment units and 1 commercial space with long term lease. Stunning apartments feature central a/c, washer/dryer, exposed brick walls, wood flooring, modern kitchen with stainless steel appliances, granite countertops, and high ceilings. Five 2-bedroom units, Two 1-bedroom units, and commercial space are fully occupied with year+ leases. With the NY style character of the building and the proximity to entertainment & public transportation, this location is highly desirable for both investors and tenants.

Status Change Information

Purchase Contract Date
2020-02-06
Close Date
2020-03-26
Close Price
1200000

More Information

Location, Tax, and Legal

Parcel Number
640609587837001
Municipality
Allentown City
High School District
Allentown City
Cnty&Muni Taxes (Legacy)
5896.46
School Tax Amount
19623.33
Tax Annual Amount
19623.33
Tax Assessed Value
683800
Tax Book Number
2018008688
Zoning Description
Multi-Family

Listing Terms

Cash
Yes
Conventional
Yes

Disclosures

Right of First Refusal
Yes

Possession

Close Of Escrow
Yes

Cooling

Central Air
Yes

Heating

Electric
Yes

Sewer

Public Sewer
Yes

Road Frontage Type

City Street
Yes

Road Surface Type

Paved
Yes

Road Responsibility

Public Maintained Road
Yes
Listing Office: Steel City Realty LLC
IDX
Last Updated: February - 27 - 2025
Information deemed reliable but not guaranteed.