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.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
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
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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