1355 Station AveBethlehem, PA 18015

Property Details for 1355 Station Ave

Year built

1900

Construction

TYPE NOT SPECIFIED

Lot size

0.47 AC

Property size (Sq ft)

3,928 SF

Zone code

R-1

Property type

Retail properties

Property subtype

Bars

APN

643522896152-1

APU

6435228961521

Description

This exceptional investment opportunity presents a historic restaurant located at 1355 Station Ave, Bethlehem, Pennsylvania, 18015. The property, built in 1900, boasts a unique character reflective of its age and location within Lehigh County. Currently zoned R1, the building offers 1 square foot of space, presenting a unique redevelopment or expansion opportunity. The asking price is $900,000. This property is ideal for an entrepreneur seeking a well-situated establishment in a vibrant community. Given its historical significance and prime location, this restaurant space offers significant potential for growth and return on investment. The property's current configuration presents a blank canvas for a creative vision, allowing for customization to suit a variety of culinary concepts. The address, 1355 Station Ave, places the property in a high-traffic area, ensuring excellent visibility and accessibility for potential customers. This is a rare chance to acquire a piece of Bethlehem's rich history and capitalize on the thriving local market. Serious inquiries only. Further details are available upon request. The property is being sold as-is.

• CAP approach

  CAP return

  Valuation

  6%

  $1,434,391

  6.5%

  $1,324,053

  7%

  $1,229,478

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,302,039

  Geo Method

  $1,293,346

• Alternative Use

  Use

  Valuation

  Residential

  $1,116,888

  Hospitality

  $1,023,064

  Educational

  $851,177

  Medical

  $880,450

  Retail

  $1,324,053

Location Insight

City

Bethlehem

County

Lehigh

State

Pennsylvania

Latitude

40.5519

Longitude

-75.3589

CBSA code

10900

CBSA name

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

Property Tax & Assessments

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