1102 Hanover Ave - Storefront Retail/Residential FOR SALE


Allentown, PA 18109- Rittersville
$449,990 USD
610-417-2198
1102 Hanover Ave, Allentown, PA for Sale
$449,990 USD
Storefront Retail/Residential - FOR SALE
1/1
null | Request Cap Rate

1102 Hanover Ave
Allentown, PA 18109
Rittersville


HIGHLIGHTS

  • Mixed-used featuring store front and 2 apartments
  • Strong traffic volume
  • High growth housing area with 600 townhomes and 180 apts in development

OVERVIEW

1102 Hanover Avenue is a mixed-use property featuring a retail storefront and two apartments, located in Allentown’s East Side — an area experiencing real momentum and renewed investment. Just east of the property, the former 195-acre Allentown State Hospital site is being transformed into “Northridge,” a master-planned community by City Center Investment Corp. The project is expected to include more than 600 townhomes, a micro-hospital, offices, retail space, recreational trails, and a new K-8 Allentown School District complex anchoring the initial phase. Around the corner, another developer is proposing 180 apartments, further reinforcing the growth occurring in the immediate area. With visibility along Hanover Avenue, strong traffic volume, proximity to Coca-Cola Park, and quick access to the Airport Road retail corridor, 1102 Hanover Avenue is well positioned in one of Allentown’s most active emerging neighborhoods. The East Side is popping.

FOR SALE DETAILS

PRICE

$449,990 USD

PRICE/SF

$156 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1925

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

B-3

APN/PARCEL ID

641706238220-1

ASK ABOUT THIS PROPERTY

Matt SprungHoward Hanna Real Estate ServicesMore Info
610-417-2198

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Matt SprungHoward Hanna Real Estate ServicesMore Info
610-417-2198

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.