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1102 Hanover Ave 2,876 SF 100% Leased Retail Building Allentown, PA 18109 $449,990 ($156.46/SF)
Investment Highlights
- Mixed-used featuring store front and 2 apartments
- High growth housing area with 600 townhomes and 180 apts in development
- Strong traffic volume
Executive Summary
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.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Building Size
2,876 SF
Year Built
1925
Price
$449,990
Price Per SF
$156.46
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.60
Lot Size
0.11 AC
Frontage
40’ on Hanover Ave
Moderately walkable
70/100
Moderately drivable
60/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
1 of 2
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Contact the Sale Advisor
1102 Hanover Ave