1302 Hanover AveAllentown, PA 18109
- Retail properties
- 12,560 SF
Property Details for 1302 Hanover Ave
- Year built
- 2008
- Lot size
- 6.66 AC
- Property size (Sq ft)
- 12,560 SF
- Zone code
- B-4
- Property type
- Retail properties
- Property subtype
- Retail space
- APN
- 641716322619-1
- APU
- 6417163226191
Description
Allentown Commons, located at 1302 Hanover Avenue in Allentown, Pennsylvania (zip code 18109), offers a unique opportunity for businesses seeking retail or office space. This neighborhood center comprises a total of 11,342 square feet, divided into four individual suites. The property is ideally suited for multiple tenants, with a minimum divisible space of 1,880 square feet, allowing for flexibility in tenant needs. Ample parking is provided with 342 spaces available for customers and employees. The property's classification as both retail and office space makes it versatile and attractive to a wide range of businesses. Its location in Allentown, PA offers excellent access to local amenities, transportation routes, and a strong consumer base. The property is owned and managed by Larken Associates, ensuring professional management and maintenance. This is an exceptional opportunity to secure prime commercial space in a thriving Allentown neighborhood. Interested parties are encouraged to inquire for further details and availability of individual suites. The property's address is easily accessible and well-suited for both foot and vehicular traffic. The building's size and layout provide a comfortable and efficient environment for businesses of various sizes.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $4,586,545
- 6.5%
- $4,233,734
- 7%
- $3,931,324
-
Comparable approach
- Method
- Valuation
- Relative Method
- $4,163,344
- Geo Method
- $4,135,546
-
Alternative Use
- Use
- Valuation
- Residential
- $3,571,313
- Hospitality
- $3,271,304
- Educational
- $2,721,686
- Medical
- $2,815,289
- Retail
- $4,233,734
Location Insight
- City
- Allentown
- County
- Lehigh
- State
- Pennsylvania
- Latitude
- 40.6176
- Longitude
- -75.4342
- CBSA code
- 10900
- CBSA name
- ALLENTOWN-BETHLEHEM-EASTON, PA-NJ METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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- Please email our support team at [email protected] and they will add the team member.
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