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239-241 N 1st St 22,400 SF Retail Building Lehighton, PA 18235 $1,500,000 ($66.96/SF)
Investment Highlights
- Prime Redevelopment or Re-Tenanting Opportunity
- Existing Income with Exceptional Regional Accessibility
- Strategic Downtown Location with Strong Visibility
Executive Summary
Equity CRE is pleased to offer the opportunity to purchase a ±22,400 SF vacant 2-tenant building on N. 1st St in Lehighton, PA. This former Rite Aid & Lehigh Valley Health building sits on ±1.83 AC in one of downtown Lehighton’s primary commercial corridors, offering prime visibility to both vehicular and pedestrian traffic in both directions on 1st St. While the building is vacant, there is an active Wells Fargo ATM in the parking lot that provides active rental income.
The property is located just off the intersection of N. 1st St, US-209, and PA-443/PA-248, providing convenient regional access. Additionally, it sits approximately 3 miles from Exit 74 of the PA Turnpike's Northeast Extension (I-476) and is roughly a 40-minute drive from Lehigh Valley International Airport in Allentown. This central position places the property within comfortable reach of both the Lehigh Valley and the Greater Scranton/Wilkes-Barre markets.
This property is being offered in “as-is” condition, and the seller is not obligated to provide property improvements or alterations.
The property is located just off the intersection of N. 1st St, US-209, and PA-443/PA-248, providing convenient regional access. Additionally, it sits approximately 3 miles from Exit 74 of the PA Turnpike's Northeast Extension (I-476) and is roughly a 40-minute drive from Lehigh Valley International Airport in Allentown. This central position places the property within comfortable reach of both the Lehigh Valley and the Greater Scranton/Wilkes-Barre markets.
This property is being offered in “as-is” condition, and the seller is not obligated to provide property improvements or alterations.
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- Offering Memorandum
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
22,400 SF
Building Class
C
Year Built
1967
Price
$1,500,000
Price Per SF
$66.96
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.28
Lot Size
1.83 AC
Zoning
C-2 Commercial - Commercial
Parking
82 Spaces (3.66 Spaces per 1,000 SF Leased)
Frontage
267’ on 1st St
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Former Rite Aid
Fully built out as Physical rehab/ fitness/ medical office
| Space | Size | Space Use | Position | Available |
| 001 | 14,531 SF | Retail | - | Now |
| 002 | 5,885 SF | Office/Medical | - | Now |
001
| Size |
| 14,531 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
002
| Size |
| 5,885 SF |
| Space Use |
| Office/Medical |
| Position |
| - |
| Available |
| Now |
001
| Size | 14,531 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
Former Rite Aid
002
| Size | 5,885 SF |
| Space Use | Office/Medical |
| Position | - |
| Available | Now |
Fully built out as Physical rehab/ fitness/ medical office
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $393,895 | |
| Land Assessment | $28,750 | Total Assessment | $422,645 |
Property Taxes
Parcel Numbers
Land Assessment
$28,750
Improvements Assessment
$393,895
Total Assessment
$422,645
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