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3605 Airport Rd
Allentown, PA 18109
CVS pharmacy (Dark) · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Freestanding
Building Size
11,301 SF
Building Class
B
Year Built
1998
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
2.98 AC
Zoning
14RIS
Parking
58 Spaces (5.13 Spaces per 1,000 SF Leased)
Frontage
148’ on Airport Road

AMENITIES

  • Pylon Sign
  • Signalized Intersection
  • Drive Thru

ABOUT 3605 AIRPORT RD , ALLENTOWN, PA 18109

Marcus & Millichap is pleased to present the exclusive listing for a CVS Pharmacy located at 3605 in Allentown, PA. The tenant has recently executed a 2-year triple-net (NNN) lease with absolutely no landlord responsibilities. The building is comprised of roughly 11,301 square feet and sits on approximately 2.98 acres of land. The lease has an additional 2 year option period. The subject investment opportunity is CVS located in Allentown, PA. The Lehigh Valley International Airport (LVIA) offered the public a look at the draft of its master plan which outlines a 25-year development plan and program that maintains a safe, efficient, financially sound, and sustainable airport facility. The draft plan divides reconstruction and improvement projects into various phases. Short-term plans fall within the first phase, which are projected to be completed between 2018 and 2023, while long-term goals go as far out to phase four, which runs after 2040. Phase One (2018-2023): Runway 6-24 reconstruction and projects Terminal vertical circulation improvements Expand existing cargo area Landslide circulation improvements Land use development (hotel, retail, travel plaza) FBO building and improvements Terminal security checkpoint improvements

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
M5SE1-7-6-0214
Land Assessment
$122,500
Improvements Assessment
$197,500
Total Assessment
$320,000
  • Listing ID: 16021272

  • Date on Market: 5/11/2019

  • Last Updated:

  • Address: 3605 Airport Rd, Allentown, PA 18109

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