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1001-1015 S 5th St 2,910 SF Retail Building Allentown, PA 18103 $850,000 ($292.10/SF)

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EXECUTIVE SUMMARY

This nearly 3,000 square foot building is situated on a spacious 19,000 square foot lot, offering parking for approximately 40 vehicles. Designed for automotive repair or service, the property features five overhead doors and includes four automotive lifts, making it a turnkey opportunity for investors or owner-operators. With a current gross income of $96,000 per year and net income exceeding $80,000 annually, this property delivers strong cash flow and reliable income. Located in a prime area that supports automotive and light industrial services, this is an excellent chance to secure a high-yield investment property.

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Auto Repair
Building Size
2,910 SF
Building Class
C
Year Built
1933
Price
$850,000
Price Per SF
$292.10
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
0.44 AC
Opportunity Zone
Yes
Zoning
B-3 - This zoning category typically allows for a variety of commercial activities that cater to both local residents and travellers
Parking
20 Spaces (6.87 Spaces per 1,000 SF Leased)
Frontage
166’ on S 5th St

AMENITIES

  • Pylon Sign

NEARBY MAJOR RETAILERS

Gravity Coffee
Tim Hortons
ESSA Bank & Trust
Chickie's & Pete's
TD Bank
Wells Fargo
Starbucks
Redner's Markets
Truist
Rent-A-Center

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
640636770029-1
Land Assessment
$85,700
Improvements Assessment
$202,700
Total Assessment
$288,400
  • Listing ID: 33935574

  • Date on Market: 11/20/2024

  • Last Updated:

  • Address: 1001-1015 S 5th St, Allentown, PA 18103

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