For Sale
$2,800,000

1824-1826 Hanover AveAllentown, PA 18109

Landmark Restaurant, Apartments, & Parking

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional Allentown, PA investment opportunity presents a unique blend of commercial and residential real estate. The property, located at 1824-1826 Hanover Ave, encompasses a long-standing (56 years) landmark restaurant and bar with a seating capacity of 240, complete with a liquor license. The sale includes the restaurant/bar business, along with three income-producing apartments and four on-site garages. Adding to the value, two additional parcels (1902 Hanover Ave and 1810 Hanover Ave) are included, totaling over one acre of land. 1902 Hanover Ave is a two-unit residential building currently used for additional restaurant parking, while 1810 Hanover Ave serves as overflow parking. This turnkey property offers significant cash flow potential and substantial room for expansion. The combined property, classified as retail and multifamily, sits on a one-acre lot in Lehigh County, PA (zip code 18109). This is a rare chance to acquire a thriving, established business and a valuable real estate portfolio in a prime location. The asking price is $2,800,000.

Highlights

  • Established landmark restaurant/bar, 56 years in operation, liquor license included.
  • 240-seat capacity.
  • Three income-producing apartments and four garages on-site.
  • Three parcels totaling approximately one acre included.
  • Adjacent two-unit building provides additional restaurant parking.
  • Separate overflow parking lot included.

Property Details for 1824-1826 Hanover Ave

Property type
Retail properties, Bars
Lot Size (sq. ft)
43,560 SF
Units
2

Location Insight

City
Allentown
County
Lehigh
State
Pennsylvania
Latitude
40.6211767
Longitude
-75.4277866
1824-1826 Hanover Ave, Allentown, Pennsylvania

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1824-1826 Hanover Ave
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