347 N 2nd Street, Allentown, PA 18102
$507,000
Property Type:
Commercial Sale
Square Footage:
5,264
Lot Size (sq. ft.):
3,485
Status:
Closed
Current Price:
$507,000
List Date:
7/19/2024
Last Modified:
3/03/2025
Description
Mix-use (3) three-unit investment property available for sale in Allentown. Two long-term tenants fully occupy the building, and the third unit offers the potential for additional rental income or owner-occupation. The ground-level commercial is leased by a long-term convenience store with further options for renewal. All units are separately metered, with the potential to increase rents. Located in a vibrant residential area on 2nd and Gordon St, near the newly constructed Jaindl Enterprises Waterfront mixed-use class A building. The property's value is further enhanced by its strategic location in a neighborhood set to benefit from Allentown's Vision 2030 initiative. Contact us today for further details.
More Information MLS# PM-117154
Contract Information
Listing Service: Full Service
Lease Considered YN: No
Property Sub Type: Business
Sold Price: $507,000
Current Price: $507,000
Status: Closed
Listing Contract Date: 2024-07-19
Location, Tax, and Legal
Parcel Number: 640733661789001
Municipality: Allentown City
High School District: Allentown City
Cnty&Muni Taxes (Legacy): 1978.26
School Tax Amount: 4716.58
Tax Annual Amount: 6694.84
Tax Assessed Value: 208300
Tax Book Number: 1383/389
Zoning Description: Commercial
General Property Information
Above Grade Finished Area: 5264
Building Area Source: Public Records
Stories: 2
Year Built Source: Other
Lot Size Acres: 0.08
List Price/SqFt: 96.31
Sold Price/SqFt: 96.31
Building Area Total: 5264
Year Built: 1890
Remarks and Miscellaneous
Public Historical Remarks: Level: Multi, Miscellaneous: Zoning Code R-MH
Public Remarks: Mix-use (3) three-unit investment property available for sale in Allentown. Two long-term tenants fully occupy the building, and the third unit offers the potential for additional rental income or owner-occupation. The ground-level commercial is leased by a long-term convenience store with further options for renewal. All units are separately metered, with the potential to increase rents. Located in a vibrant residential area on 2nd and Gordon St, near the newly constructed Jaindl Enterprises Waterfront mixed-use class A building. The property's value is further enhanced by its strategic location in a neighborhood set to benefit from Allentown's Vision 2030 initiative. Contact us today for further details.
Listing Terms
Cash: 1
Conventional: 1
Possession
Negotiable: 1
Possible Use
Retail: 1
Multi-Family: 1
Rail Road Track
None: 1
Construction Materials
Brick: 1
Cooling
Central Air: 1
Heating
Electric: 1
Water Source
Public: 1
Sewer
Public Sewer: 1
Lot Features
Corner Lot: 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: Lehigh
Street Number: 347
Street Direction Prefix: N
Street Name: 2nd
Street Suffix: Street
City (Post Office): Allentown
State: PA
Postal Code: 18102
Status Change Information
Purchase Contract Date: 2024-07-25
Close Date: 2024-08-30
Close Price: 507000
Property Features
Listing Terms: Cash; Conventional
Possession: Negotiable
Possible Use: Multi-Family; Retail
Rail Road Track: None
Construction Materials: Brick
Cooling: Central Air
Heating: Electric
Water Source: Public
Sewer: Public Sewer
Lot Features: Corner Lot
Road Frontage Type: City Street
Road Surface Type: Paved; Asphalt
Road Responsibility: Public Maintained Road
Listing Office:
Keller Williams Real Estate - Allentown
Last Updated: March - 03 - 2025
Information deemed reliable but not guaranteed.
