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
Overview
Description
Listing Details MLS# PM-117154
General Property Information
- Above Grade Finished Area
- 5264
- Building Area Total
- 5264
- Building Area Source
- Public Records
- Stories
- 2
- Year Built
- 1890
- Year Built Source
- Other
- Lot Size Acres
- 0.08
- List Price/SqFt
- 96.31
- Sold Price/SqFt
- 96.31
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
Contract Information
- Property Sub Type
- Business
- Listing Contract Date
- 2024-07-19
- Listing Service
- Full Service
- Lease Considered YN
- No
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
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.
Status Change Information
- Purchase Contract Date
- 2024-07-25
- Close Date
- 2024-08-30
- Close Price
- 507000
More Information
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
Listing Terms
- Cash
- Yes
- Conventional
- Yes
Possession
- Negotiable
- Yes
Possible Use
- Retail
- Yes
- Multi-Family
- Yes
Rail Road Track
- None
- Yes
Construction Materials
- Brick
- Yes
Cooling
- Central Air
- Yes
Heating
- Electric
- Yes
Water Source
- Public
- Yes
Sewer
- Public Sewer
- Yes
Lot Features
- Corner Lot
- Yes
Road Frontage Type
- City Street
- Yes
Road Surface Type
- Paved
- Yes
- Asphalt
- Yes
Road Responsibility
- Public Maintained Road
- Yes
Listing Office:
Keller Williams Real Estate - Allentown
Last Updated: March - 03 - 2025
Information deemed reliable but not guaranteed.
