751-755 UNION BLVD $830,000

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    751-755 UNION BLVD ALLENTOWN, PA 18109

    • 3,912 sq. ft.
    • Commercial
    • MLS# PALH2000007
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    Views: 5 Days On Site: 19

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    Property Details

    BRING YOUR RESTAURENT HERE. GREAT LOCATION 2 RESIDENTAIL INCOMES $75,480 Actual Gross, $61,100 Verified Net Income, 7.3% CAP @ ASK. This turnkey CLASS A, 3-Unit asset is fully occupied, cash flowing, and totally renovated with NEW granite counters, luxury bathroom upgrades, all NEW stainless steel kitchens, NEW hardwood flooring, upgraded electrical, central AC, recent GAS-installation, NEWLY paved 14-car parking lot and a completely custom restaurant renovation with 5 years left on the lease term. Recent Allentown hit restaurant, Pacific Palm Bistro, opened during COVID and has flourished with all 5-star google reviews and increasing customer base. This .24 ACRE property has a massive traffic count and unprecedented curb appeal sitting on Union BLVD, directly across from CVS Pharmacy, and neighboring Wendy's and professional/retail strip malls. *ALL NEW WINDOWS

    • General Features
      • County LEHIGH
      • Municipality ALLENTOWN CITY
      • New Construction Y/N N
      • Sale Type Standard
      • Tax Annual Amount 13748.00
      • Tax Year 2021
      • Water Access Y/N N
      • Waterfront Y/N N
      • Year Built 1940
      • Zoning B-3
    • Building Features
      • Building Total SqFt 3912.00
      • Building Units Total 2
      • Cooling Fuel Electric
      • Cooling Type Central A/C
      • Garage Y/N N
      • Heating Fuel Electric
      • Heating Type Heat Pump(s)
      • Sewer Septic Public Sewer
      • Total Garage And Parking Spaces 12
    • Property Features
      • Lot Size Acres 0
      • Lot Size Dimensions 60.00 x 142.92
    • Schools
      • School District ALLENTOWN

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    Neighborhood

    18109 (ALLENTOWN) Demographics

    34 Median Age
    2,111 Population Density (per sq. mile)
    23% College Educated
    $45,196 Estimated Median Income
    3,077 Estimated Total Home Owners
    3,672 Estimated Total Renters
    46% / 54% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    17,794 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $202,500 Median Sales Price
    14 Homes Sold
    20 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $830,000
        10/5/2021 9:58:00 PM New in Database Source: Multiple Listing Service New Value: $830,000

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        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.