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701-703 N Jordan St 4,120 SF 100% Leased Retail Building Allentown, PA 18102 $615,000 ($149.27/SF)
Investment Highlights
- Vital location as this property is in the heart of Allentown with high foot traffic.
- Building#1 2 Story Converted 1st Floor Store - Apartments Building#2 Bar/Tavern 1st Floor - Apartments above
- Property split of two commercial spaces and three residential spaces.
- Property also features a full built commercial kitchen.
Executive Summary
Introducing 701 N Jordan St, Allentown, PA 18102 - An Exceptional Investment Opportunity! This remarkable property offers the perfect blend of commercial and residential spaces, presenting a unique chance for savvy investors. Boasting a prime location in the heart of Allentown, this 5-unit building showcases a store, bar, and three spacious apartments, ensuring a diverse and lucrative income potential. Investors, entrepreneurs, and real estate enthusiasts, don't miss out on this incredible chance to acquire a versatile property that offers multiple streams of income. Embrace the potential for significant returns and become a part of Allentown's thriving business and residential landscape. Act now and seize this rare opportunity! **DO NOT SHOW UP AT THE PROPERTY WITHOUT APPOINTMENT**
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$30,360
|
$7.37
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$30,360
|
$7.37
|
| Taxes |
$7,844
|
$1.90
|
| Operating Expenses |
$6,195
|
$1.50
|
| Total Expenses |
$14,039
|
$3.41
|
| Net Operating Income |
$16,321
|
$3.96
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $30,360 |
| Annual Per SF | $7.37 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $30,360 |
| Annual Per SF | $7.37 |
| Taxes | |
|---|---|
| Annual | $7,844 |
| Annual Per SF | $1.90 |
| Operating Expenses | |
|---|---|
| Annual | $6,195 |
| Annual Per SF | $1.50 |
| Total Expenses | |
|---|---|
| Annual | $14,039 |
| Annual Per SF | $3.41 |
| Net Operating Income | |
|---|---|
| Annual | $16,321 |
| Annual Per SF | $3.96 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
4,120 SF
Building Class
C
Year Built
1904
Price
$615,000
Price Per SF
$149.27
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.25
Lot Size
0.38 AC
Zoning
C - Zoning generally refers to commercial zoning, which allows for various business activities such as retail stores, offices, and services.
Frontage
Walk Score®
Very Walkable (76)
Nearby Major Retailers
Property Taxes
| Parcel Number | 640714779487-1 | Total Assessment | $247,500 (2025) |
| Land Assessment | $10,600 (2025) | Annual Taxes | $7,844 ($1.90/SF) |
| Improvements Assessment | $236,900 (2025) | Tax Year | 2023 |
Property Taxes
Parcel Number
640714779487-1
Land Assessment
$10,600 (2025)
Improvements Assessment
$236,900 (2025)
Total Assessment
$247,500 (2025)
Annual Taxes
$7,844 ($1.90/SF)
Tax Year
2023
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701-703 N Jordan St
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