700 Savage RdNorthampton, PA 18067

Property Details for 700 Savage Rd

Year built

1986

Lot size

65.00 AC

Property size (Sq ft)

8,868 SF

Zone code

RA

Property type

Retail properties

Property subtype

Auto shops

APN

L4 15 11 0501

APU

L415110501

Description

This exceptional 7.8-acre commercial land parcel presents a unique investment opportunity in Northampton, Pennsylvania. Located at 700 Savage Rd, this gently sloping site boasts convenient access to public water and sewer services, eliminating significant infrastructure development costs. The property is zoned for residential use, offering considerable flexibility for a variety of commercial developments. Its strategic location within Northampton County provides excellent access to a substantial residential population. Within a five-mile radius, there are approximately 41,850 residential units, with a notable 66% owner occupancy rate. This high owner occupancy rate indicates a stable and desirable residential market, creating a strong potential customer base for various commercial ventures. The median home sale price within this five-mile radius is $230,500, further highlighting the area's economic strength and desirability. The property's size and location make it ideal for a range of commercial uses, subject to obtaining necessary permits and approvals. Serious inquiries are encouraged to explore the possibilities this prime commercial land offers. Contact us for pricing and to discuss development opportunities. The property is situated in Northampton, PA, zip code 18067.

• CAP approach

  CAP return

  Valuation

  6%

  $3,238,334

  6.5%

  $2,989,232

  7%

  $2,775,715

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,939,533

  Geo Method

  $2,919,906

• Alternative Use

  Use

  Valuation

  Residential

  $2,521,529

  Hospitality

  $2,309,707

  Educational

  $1,921,649

  Medical

  $1,987,738

  Retail

  $2,989,232

Location Insight

City

Northampton

County

Northampton

State

Pennsylvania

Latitude

40.6909

Longitude

-75.4652

CBSA code

10900

CBSA name

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

Property Tax & Assessments

FAQs

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