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108 MAIN, ALBURTIS, 18011

$7,000,000

  • Commercial
108 MAIN, ALBURTIS, PA for sale.
108 MAIN, ALBURTIS, PA for sale.
Courtesy of Iron Valley Real Estate of Lehigh Valley
Investment Opportunity! Large Commerical Strip Center in a central business district, Includes: Lodge/Tavern/Restaurant/Laundry/Apartments/parking lots/garages/houses/etc. Rentals 453,960/yr. expenses of 42,729.48 yielding a 411,230.52 net. Plus Sales at the Tavern are above 2.6 Million for additional profits or additional rental income as property owner. We have potential long term lease operator for the tavern's owner to be a passive operator if that is what you choose. This investment currently has a 12.45 cap rate with additional potential income. Most buildings have been completely renovated in the last four years! Tenants pay for most of their expenses and maintenance, consisting of 15 buildings,34-41 rental units, plus additional land parcels used for parking. This complex features a strong rental basis in a captive Borough market in Western Lehigh County. Owner may be traveling a lot between states in the near future and we are looking for a qualified property owner to continue the growth in this market.Confidentiality agreement requested.
Last updated on 12/11/2017
Courtesy of Iron Valley Real Estate of Lehigh Valley

More Details for 108 MAIN

Property Class: Commercial
Listing Status: Active
City: ALBURTIS
State: PA
Zip: 18011
Area: Alburtis Boro
Subarea:NONE AVAILABLE
County: LEHIGH-PA
Class: Commercial
Approx Lot Size: 2.730
Lot Area Acre: 2.73
Listing#: 7073950
School District: E Penn
Tax Year: 2017
Taxes/Yr: $61,268 /2017

Features for 108 MAIN

Bathrooms: Three+Bath, Pub RestRms, Prvt RestRms
Exterior: Vinyl Siding, Wood, Brick, MasonryExt, Stone
Foundation: ConcreteFoun
Location Types: Bay
Plumbing: CPVC/PVC
Topography: Level
Wall Ceilings: SheetRckIntW, WoodIntWll
Building Features: CeilingFans, FireAlarm, KitchenFacil, Refrigerator, Showers
Electric Service: 200-300AmpEl, CircBreakers
Fuel On Site: Propane
Location: Downtown, MiddlOfBlock, Corner Lot/Unit, Interior, ShopngCenter, Industrial Park
Roads: Boro/Township, State
Sewer Septic: Public Sewer
Water: Public
Building Or Business: Commercial, Office, Retail, ResInvestmnt, Apartmnt Bld, Shopping Center, Restaurant, Tavern, FoodServices, Hotel/Motel, Salon
Floor: Tile/Brick, Wood, CarpetFlr, Vinyl
Hot Water: Electric
Parking: 101+CarGar, LotPark
Roof: FlatRoof, PitchedRoof, ShingleRoof
Utilities: WaterAvail, SewerAvail, ButaneUtil, ElectrcAvail, PhoneUtil, CableTVAvail, AbovGrndUtil
Year In Business: 4 to 5 Years

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