1 Robinson AvePen Argyl, PA 18072

Property Details for 1 Robinson Ave

Year built

1860

Lot size

0.37 AC

Property size (Sq ft)

6,466 SF

Zone code

GB

Property type

Retail properties

Property subtype

Banks

APN

E8NE2A 34 1 0625

APU

E8NE2A3410625

Description

This exceptional 8,112 square foot, fee-simple owned retail property presents a unique investment opportunity in Pen Argyl, Pennsylvania. Located at 1 N Robinson Ave, this former full-service bank boasts a convenient two-lane drive-thru, strategically positioned at a signalized intersection for optimal visibility and accessibility. The property features approximately twelve on-site parking spaces, accessible from both N Robinson Ave and N Harding Ave, ensuring ample parking for customers and staff. The building itself, constructed in 1860, is a single-story structure situated on a 0.37-acre lot, zoned GB. The interior layout includes a spacious retail area, two secure vaults, and multiple offices on the ground floor. A partially finished basement offers additional potential for expansion or storage. The property benefits from public water and sewer services and enjoys high visibility to both vehicular and pedestrian traffic, making it ideal for a variety of uses. The asking price is $550,000, translating to $67.80 per square foot. The property is currently vacant, providing immediate occupancy for the new owner. With an average daily traffic count of 12,119, this location offers significant potential for a thriving business.

• CAP approach

  CAP return

  Valuation

  6%

  $2,361,194

  6.5%

  $2,179,564

  7%

  $2,023,881

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,143,326

  Geo Method

  $2,129,016

• Alternative Use

  Use

  Valuation

  Residential

  $1,838,544

  Hospitality

  $1,684,096

  Educational

  $1,401,148

  Medical

  $1,449,336

  Retail

  $2,179,564

Location Insight

City

Pen Argyl

County

Northampton

State

Pennsylvania

Latitude

40.8687

Longitude

-75.2554

CBSA code

10900

CBSA name

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

Property Tax & Assessments

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