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Sold for $550,000 on 06/28/24
  • $550,000

    1525 Hanover Ave, Allentown, PA 18109

    4beds
    4,515sqft
    Mixed Use, Multi Family, Single Family Residence
    Built in 1915
    -- sqft lot
    $583,000 Zestimate®
    $122/sqft
    $1,871 Estimated rent

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    What's special

    **Attention Investors & Business Owners** Here is a NEW LISTING offered FOR SALE as an EXCEPTIONAL MIXED-USE 4-UNIT COMMERCIAL INVESTMENT PROPERTY consisting of 2 APARTMENTS, a MECHANICAL CONTRACTOR'S GARAGE UNIT, & the most incredible FULLY FITTED PROFESSIONAL SERVICES/SALON that could easily suit ANY other use imaginable in a City of Allentown Zoning B-3 (Highway Business Code) This property is NOW AVAILABLE directly across the street from The Lehigh Valley's NEXT BIGGEST APPROVED DEVELOPMENT on 200 ACRES called *NORTHRIDGE*, projected by City Center Developer to create 2,227 construction jobs & 385 long-term positions, in addition to $9.35 million in annual tax revenue, making the future appreciation value of this property we are selling a SOLID choice to add to your investment portfolio. This MIXED-USE sale presents a lucrative opportunity for RENTAL INCOME, OWNER OCCUPIED BUSINESS USE and/or LONG-TERM APPRECIATION. There are AFFORDABLE TAXES & PUBLIC NATURAL GAS UTILITIES on site as well as CENTRAL A/C. Buyers will NOT be disappointed in the heavily traveled AVENUE LOCATION with a daily traffic count of almost 24,000 cars passing by per day & within minutes of ALL LEHIGH VALLEY major highways. Schedule a tour with The Listing Broker ASAP because we are expecting a fast sale due to LOW INVENTORY & HEAVY BUYER DEMAND. Please allow 48hr notice for scheduling to allow us to schedule tours conveniently with tenants, the building is FULLY OCCUPIED. Thank you for your interest!

    Zillow last checked: 8 hours ago

    Listing updated: June 28, 2024 at 11:37am

    Listed by:

    David Feinberg 610-509-4358,

    RE/MAX Central - Center Valley

    Bought with:

    Anis A. Atiyeh, RS347660

    IronValley RE of Lehigh Valley

    Source: GLVR,MLS#: 734331MLS LogoOriginating MLS: Lehigh Valley MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 4
    • Full bathrooms: 3
    • 1/2 bathrooms: 1
    Heating
    • Gas
    Cooling
    • Central Air
    Interior area
    • Total interior livable area: 4,515 sqft

    Property

    Parking
    • Total spaces: 5
    • Parking features: Attached, Built In, Garage, Off Street, On Street
    • Has attached garage: Yes
    • Has uncovered spaces: Yes
    Features
    • Stories: 3
    Lot
    • Size: 5,096 sqft
    • Dimensions: 68 x 129
    Details
    • Parcel number: 641716993979 001
    • Zoning: B-3
    • Special conditions: None

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Mixed Use, Multi Family, Single Family Residence
    Materials
    • Brick, Stone, Stucco, Vinyl Siding
    Condition
    • Unknown
    • Year built: 1915

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Security
    • Security features: Security System
    Location
    • Region: Allentown
    • Subdivision: Not in Development

    Other

    Other facts
    • Listing terms: Cash,Conventional,Owner May Carry
    Sell with ease on Zillow
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    $583,000
    2% more+$11,660
    With Zillow Showcase(estimated)$594,660