1102 Union BlvdAllentown, PA 18109

Property Details for 1102 Union Blvd

Year built

1940

Construction

TYPE NOT SPECIFIED

Lot size

0.46 AC

Property size (Sq ft)

3,679 SF

Zone code

B-3

Property type

Retail space

APN

640798963410-1

APU

6407989634101

Description

This exceptional two-story, 3,679 square foot executive office building is ideally situated at 1102 Union Blvd in Allentown, Pennsylvania, 18109. Boasting a desirable B-3 Highway Business zoning, this property presents a lucrative investment opportunity. The building sits on a 0.33-acre lot and offers ample surface parking for tenants and visitors. Inside, you'll find a functional layout with 9-foot ceilings throughout both floors, providing a spacious and comfortable work environment. The property is currently configured as office space, but its flexible zoning allows for a variety of uses. The building's strategic location in Allentown ensures high visibility and easy access to major transportation routes. Annual property taxes for 2023 were $11,217.39. This turnkey property is available for $550,000 and represents a strong value in the thriving Allentown commercial real estate market. The property's size and location make it suitable for a variety of businesses seeking a prominent presence in a high-traffic area. Don't miss this chance to acquire a well-maintained and strategically located commercial property.

• CAP approach

  CAP return

  Valuation

  6%

  $1,343,463

  6.5%

  $1,240,120

  7%

  $1,151,540

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,219,502

  Geo Method

  $1,211,359

• Alternative Use

  Use

  Valuation

  Residential

  $1,046,088

  Hospitality

  $958,211

  Educational

  $797,220

  Medical

  $824,638

  Retail

  $1,240,120

Location Insight

City

Allentown

County

Lehigh

State

Pennsylvania

Latitude

40.6242

Longitude

-75.439

CBSA code

10900

CBSA name

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

Property Tax & Assessments

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