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751-755 Union Boulevard

ALLENTOWN, PA 18109
  • $900,000
  • STATUS: Active
  • ON SITE: 62 Days
  • ID#: PALH2000007
UPDATED: 82 min ago
$900,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1940
County:

School Ratings & Info

School District:

Description

BRING YOUR RESTAURENT HERE. GREAT LOCATION 2 RESIDENTAIL INCOMES $90,480 Actual Gross, $75000Verified Net Income, 7.3% CAP @ ASK. This turnkey CLASS "A," 3-Unit asset is fully occupied, cash flowing, and totally renovated with NEW granite counters, luxury bathroom upgrades, all NEW stainless steel kitchens, NEW hardwood flooring, upgraded electrical, central AC, recent GAS-installation, NEWLY paved 14-car parking lot and a completely custom restaurant renovation with 5 years left on the lease term. Recent Allentown hit restaurant, "Pacific Palm Bistro," opened during COVID and has flourished with all 5-star google reviews and increasing customer base. This .24 ACRE property has a massive traffic count and unprecedented curb appeal sitting on Union BLVD, directly across from CVS Pharmacy, and neighboring Wendy's and professional/retail strip malls. *ALL NEW WINDOWS

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©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or LoCoMusings | Century 21 Redwood Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-12-07T11:50:52.273.
www.locomusings.com/homes/122114978
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751-755 Union Boulevard ALLENTOWN, PA 18109

  • Price: $900,000
  • Status: Active
  • On Site: 62 Days
  • Updated: 82 min ago
  • ID#: PALH2000007
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1940
Built
Neighborhood:
Allentown City (12302)
County:
Lehigh
Area:
Allentown City (12302)
School District:
Allentown
Property Description
BRING YOUR RESTAURENT HERE. GREAT LOCATION 2 RESIDENTAIL INCOMES $90,480 Actual Gross, $75000Verified Net Income, 7.3% CAP @ ASK. This turnkey CLASS "A," 3-Unit asset is fully occupied, cash flowing, and totally renovated with NEW granite counters, luxury bathroom upgrades, all NEW stainless steel kitchens, NEW hardwood flooring, upgraded electrical, central AC, recent GAS-installation, NEWLY paved 14-car parking lot and a completely custom restaurant renovation with 5 years left on the lease term. Recent Allentown hit restaurant, "Pacific Palm Bistro," opened during COVID and has flourished with all 5-star google reviews and increasing customer base. This .24 ACRE property has a massive traffic count and unprecedented curb appeal sitting on Union BLVD, directly across from CVS Pharmacy, and neighboring Wendy's and professional/retail strip malls. *ALL NEW WINDOWS
Exterior Features

Construction Materials BlockAluminum Siding Garage YN No Parking Types Parking Lot Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 3912.00 Cooling Central A/C Heating Heat Pump(S) Heating YN Yes Net Square Feet 3800.00

Property Features

Accessibility Features 2+ Access Exits Assessment Year 2021 Business Type Restaurant/Bar Central Air YN Yes Cooling Fuel Electric Heating Fuel Electric Hot Water Electric Lease Considered YN Yes Municipality Allentown City Navigable Water YN N New Construction YN No Number Of Units Total 2 Original MLSNumber 800761049829 Ownership Interest Fee Simple Possession 31-60 Days CdCoin W/Sell Sett Property Sub Type Mixed Use Sale Type Standard Sewer Public Sewer Tax Annual Amount 13748.00 Tax Assessment Amount 402200.00 Tax Lot 001 Vacation Rental YN No Water Source Public Zoning B-3

Listing courtesy of Exp Realty, Llc.


©2021 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or LoCoMusings | Century 21 Redwood Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2021-12-07T11:50:52.273.
 
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