1106 BroadwayFountain Hill, PA 18015

Property Details for 1106 Broadway

Year built

1908

Construction

TYPE NOT SPECIFIED

Lot size

0.12 AC

Property size (Sq ft)

2,688 SF

Zone code

RC

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

642720686496-1

APU

6427206864961

Description

This mixed-use, three-story building at 1106 Broadway in Fountain Hill, Pennsylvania (18015), presents a compelling investment opportunity. The property, encompassing 2,688 square feet with 2,600 square feet of net rentable space, is currently vacant and offers significant upside potential. Built in 1908, the building sits on a 5,401 square foot lot and is zoned under Fountain Hill Property LLC. Its strategic location near Lehigh University and St. Luke's Hospital, coupled with proximity to major highways (Routes 22, 78, and 378), ensures high visibility and accessibility. The asking price is $245,000, translating to $91.15 per square foot. The property's multi-faceted nature, suitable for various uses including creative office, medical office, and traditional office spaces, allows for diverse income streams. The building's existing structure provides a solid foundation for immediate occupancy or renovation, catering to both owner-occupiers and investors seeking a strong return. Additional space on the third floor offers further expansion possibilities. This property is a rare find in a thriving area, offering a blend of historical charm and modern convenience. The APN is 642720686496 001. The ownership is held by Fountain Hill Property LLC.

• CAP approach

  CAP return

  Valuation

  6%

  $667,741

  6.5%

  $616,376

  7%

  $572,349

• Comparable approach

  Method

  Valuation

  Relative Method

  $353,575

  Geo Method

  $351,214

• Alternative Use

  Use

  Valuation

  Residential

  $764,306

  Hospitality

  $700,101

  Educational

  $582,476

  Medical

  $602,508

  Retail

  $906,073

Location Insight

City

Fountain Hill

County

Lehigh

State

Pennsylvania

Latitude

40.6019

Longitude

-75.3939

CBSA code

10900

CBSA name

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

Property Tax & Assessments

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