1070 Applebutter RdBethlehem, PA 18015

Property Details for 1070 Applebutter Rd

Year built

1959

Lot size

0.37 AC

Property size (Sq ft)

3,792 SF

Zone code

RG

Property type

Retail properties

Property subtype

Auto shops

APN

P7NE4A 3 1 0204

APU

P7NE4A310204

Description

Exceptional investment opportunity: a 3,792 square foot auto repair shop located at 1070 Applebutter Road, Bethlehem, Pennsylvania, 18015. This Class C, single-story building sits on a 15,900 square foot lot (APN: P7NE4A3 1 0204) and boasts ten garage bays, perfect for a variety of automotive uses. The property includes a detailing area and a garage facility. Currently, approximately 1,100 square feet of garage bays and office space are available for sublease. The building, constructed in 1959, is move-in ready and zoned RG. Financial highlights include an asking price of $615,000, a current cap rate of 10.50%, and a pro-forma cap rate of 11.61%. The Net Operating Income (NOI) is $71,420. The property's convenient location offers easy access to I-78 and Routes 378, 22, and 33, making it ideal for an auto garage or small contractor business. This owner-user investment presents a strong return on investment with significant upside potential.

• CAP approach

  CAP return

  Valuation

  6%

  $1,384,728

  6.5%

  $1,278,210

  7%

  $1,186,909

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,256,958

  Geo Method

  $1,248,566

• Alternative Use

  Use

  Valuation

  Residential

  $1,078,218

  Hospitality

  $987,642

  Educational

  $821,706

  Medical

  $849,966

  Retail

  $1,278,210

Location Insight

City

Bethlehem

County

Northampton

State

Pennsylvania

Latitude

40.6166

Longitude

-75.3295

CBSA code

10900

CBSA name

ALLENTOWN-BETHLEHEM-EASTON, PA-NJ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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