725-729 N 15th St - Office/Residential FOR SALE


Allentown, PA 18102- Allentown City Historic District
$4,495,000 USD
610-217-1749
725-729 N 15th St, Allentown, PA for Sale
$4,495,000 USD
Office/Residential - FOR SALE
1/10
null | Request Cap Rate


HIGHLIGHTS

  • 35,941 SF office/commercial building
  • 17 units
  • Renovated in 2011 and 2020
  • Zoned Highway Commercial
  • 100% occupancy
  • Primary lot size is .973 acres, total land area with all 3 lots is 1.6895 acres

OVERVIEW

Introducing 725 North 15th Street, a prime office building offering a stable rental income. This historic 35,941 SF property was renovated in 2011 and 2020. There are 17 units and is currently at full capacity, ensuring immediate rental income. Situated within the thriving Lehigh Valley area and zoned for Highway Commercial use, this property presents an attractive prospect for office building investors seeking a well-maintained, fully-occupied asset with a an urban setting. Don't miss the chance to add this exceptional property to your portfolio and capitalize on the robust opportunities it presents. There are three lots that are part of this package. This is a corner location with frontage along five streets. The two parking lots are located along W. Green Street. There are two parking lots that are .386 acres and .3305 acre for a total lot size of .7165 acre. These lots are paved for a total of 108 cars. There are two Route 22 highway exits within 2 miles of this property. This is a mixed commercial neighborhood with some residences in the area.

FOR SALE DETAILS

PRICE

$4,495,000 USD

PRICE/SF

$125 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Deutsch Building

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

ADD'L SUBTYPES

Auto Dealership

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1860

SPRINKLERS

-

PARKING SPACES

108

LAND DETAILS

LAND ACRES

0.91 AC

LAND SF

39,640 SF

ZONING

Highway Commercial

APN/PARCEL ID

549752156737-1

ASK ABOUT THIS PROPERTY

Amy HawleySVN | Imperial RealtyMore Info
610-217-1749

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Amy HawleySVN | Imperial RealtyMore Info
610-217-1749

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