124 3Rd StCoopersburg, PA 18036

Property Details for 124 3Rd St

Lot size

0.49 AC

Property size (Sq ft)

2,928 SF

Zone code

C1

Property type

Retail properties

Property subtype

Other car washes

APN

642357602041-1

APU

6423576020411

Description

This exceptional 0.77-acre commercial land parcel, located at 124 S 3rd St in Coopersburg, Pennsylvania (zip code 18036, APN 642357602041001), presents a lucrative investment opportunity. Situated on a high-traffic corner of Route 309, this 33,541 square foot lot boasts 197 feet of frontage, ensuring maximum visibility and accessibility. The property currently houses a car wash and laundry, but its C-1 Commercial zoning allows for a wide range of uses, including fast food restaurants, retail stores, drinking establishments, professional offices, and banks. The site benefits from excellent ingress and egress, and its location adjacent to established businesses like Link Beverages and Potts Doggie Shop guarantees consistent foot and vehicle traffic. Daily traffic counts on Route 309 average approximately 38,000 vehicles. The asking price is $115,000 per year for a land lease. Potential lessees are advised to verify intended use with the Coopersburg borough zoning office. This prime location offers unparalleled potential for significant return on investment.

• CAP approach

  CAP return

  Valuation

  6%

  $1,069,220

  6.5%

  $986,972

  7%

  $916,474

• Comparable approach

  Method

  Valuation

  Relative Method

  $970,563

  Geo Method

  $964,083

• Alternative Use

  Use

  Valuation

  Residential

  $832,548

  Hospitality

  $762,610

  Educational

  $634,482

  Medical

  $656,303

  Retail

  $986,972

Location Insight

City

Coopersburg

County

Lehigh

State

Pennsylvania

Latitude

40.5088

Longitude

-75.3865

CBSA code

10900

CBSA name

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

Property Tax & Assessments

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