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$ 869,000
Est. payment | /mo
8,712 Sqft Lot
$ 869,000
Est. payment | /mo
8,712 Sqft Lot
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Lot Size 8,712 Sqft
MLS Listing ID PALH2014304
Financing Cash,Conventional
Short Sale No
Originating MLS BRIGHT
Property Description
Investment opportunity available for sale. This +/- 4,228 SF building is occupied by the district court for a 5-year lease with a 5-year option, on a gross lease with yearly increases. The existing tenant has completed 5 years and has signed another long-term lease, with no plans to move. The building was fully renovated 5 years ago and is meticulously maintained by the landlord—great investment for 1031 Exchange, or Cash buyers. Located on busy Union Blvd, just minutes from the upcoming $425 million Waterfront development — a vibrant 29-acre project on the Lehigh River's western bank. This exciting project will feature Class A office buildings, upscale apartments, restaurants, and green spaces — all poised to boost foot traffic and business growth. The property is zoned B-3 Highway Business, which allows many uses or redevelopment once the remaining term expires. Call today for more information
Location
State PA
County Lehigh
Area Allentown City (12302)
Zoning B-3
Interior
Hot Water Electric
Heating Central
Cooling Central A/C
Heat Source Natural Gas
1-purchase type For Sale
Exterior
Garage Spaces 4
Waterfront N
Water Access N
Accessibility None
Parking Type On Street, Parking Lot
Total Parking Spaces 4
Building
New Construction N
Sewer Public Sewer
Water Public
Schools
School District Allentown
Others
Tax Amount $13,057
Tax Year 2025
Tax ID 640798278583 001
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Special Sale Standard
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Listed by AYON CODNER • Keller Williams Real Estate - Allentown
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Robert Lucido
Advisor | yjnn 4444789