922 Chew StAllentown, PA 18102

Property Details for 922 Chew St

Year built

1880

Construction

BRICK

Lot size

0.05 AC

Property size (Sq ft)

1,788 SF

Zone code

R-MH

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

549791232570-1

APU

5497912325701

Description

This exceptional turnkey convenience store and quick-service restaurant opportunity is located at 922 W Chew St, Allentown, PA 18102, in Lehigh County. The 1,120 square foot space, built in 1880, enjoys a prime location in the heart of Allentown, benefiting from high visibility and consistent foot traffic. Currently operating at 100% occupancy with a gross lease, the business boasts impressive sales, generating between $340,000 and $420,000 annually, including revenue from on-site machines. The asking price is $110,000, representing a compelling $98.21 per square foot and an attractive 80% cap rate. The sale includes all equipment. The existing lease has approximately two years remaining. This is a sale of the business only

• CAP approach

  CAP return

  Valuation

  6%

  $444,167

  6.5%

  $410,000

  7%

  $380,714

• Comparable approach

  Method

  Valuation

  Relative Method

  $235,190

  Geo Method

  $233,620

• Alternative Use

  Use

  Valuation

  Residential

  $508,400

  Hospitality

  $465,692

  Educational

  $387,450

  Medical

  $400,775

  Retail

  $602,700

Location Insight

City

Allentown

County

Lehigh

State

Pennsylvania

Latitude

40.605

Longitude

-75.4782

CBSA code

10900

CBSA name

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

Property Tax & Assessments

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