1309 Blue Valley DrPen Argyl, PA 18072

Property Details for 1309 Blue Valley Dr

Year built

1990

Lot size

20.30 AC

Property size (Sq ft)

104,971 SF

Zone code

A

Property type

Retail properties

Property subtype

Community centers

APN

D9 15 10-1 0134

APU

D9151010134

Description

Bangor Plaza, a Class B neighborhood shopping center in Northampton County, Pennsylvania, presents a compelling investment opportunity. This 104,971 square foot retail property, built in 1990 and comprised of three buildings, offers multiple tenancy options with a minimum divisible space of 2,000 square feet and a maximum contiguous space of 3,484 square feet. Currently, 7,484 square feet are vacant, providing immediate opportunities for expansion or new tenants. The center boasts a strong tenant mix, including co-anchors Weis Markets and Lehigh Valley Health Network, along with established national and regional tenants such as Dollar Tree, Subway, Miracle Ear, Fine Wine and Good Spirits, and Domino's Pizza. Its strategic location on Route 512 ensures high visibility and convenient access, further enhanced by a prominent pylon sign. The property's fourteen suites offer a diverse range of sizes, catering to various business needs. This grocery-anchored center benefits from a full-movement signalized intersection, maximizing traffic flow and exposure. The property's established tenant base and prime location make it an attractive investment for both established businesses and new ventures seeking a thriving retail environment in Bangor, PA.

• CAP approach

  CAP return

  Valuation

  6%

  $38,332,344

  6.5%

  $35,383,700

  7%

  $32,856,294

• Comparable approach

  Method

  Valuation

  Relative Method

  $34,795,412

  Geo Method

  $34,563,088

• Alternative Use

  Use

  Valuation

  Residential

  $29,847,476

  Hospitality

  $27,340,128

  Educational

  $22,746,664

  Medical

  $23,528,958

  Retail

  $35,383,700

Location Insight

City

Pen Argyl

County

Northampton

State

Pennsylvania

Latitude

40.8738

Longitude

-75.235

CBSA code

10900

CBSA name

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

Property Tax & Assessments

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