Listed By RE/MAX Central - Center Valley, David Feinberg

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1525 HANOVER AVE Allentown City, PA 18109

$685,000

4

Bedrooms

4

Total Baths

3

Full Baths

4,515

Square Feet

0.12

Acres

1915

Year Built

Active

Status

MLS#

734331

**Attention Investors & Business Owners** Here is a NEW LISTING offered FOR SALE as an EXCEPTIONAL MIXED-USE 4-UNIT COMMERCIAL INVESTMENT PROPERTY consisting of 2 APARTMENTS, a MECHANICAL CONTRACTOR'S GARAGE UNIT, & the most incredible FULLY FITTED PROFESSIONAL SERVICES/SALON that could easily suit ANY other use imaginable in a City of Allentown Zoning B-3 (Highway Business Code) This property is NOW AVAILABLE directly across the street from The Lehigh Valley's NEXT BIGGEST APPROVED DEVELOPMENT on 200 ACRES called *NORTHRIDGE*, projected by City Center Developer to create 2,227 construction jobs & 385 long-term positions, in addition to $9.35 million in annual tax revenue, making the future appreciation value of this property we are selling a SOLID choice to add to your investment portfolio. This MIXED-USE sale presents a lucrative opportunity for RENTAL INCOME, OWNER OCCUPIED BUSINESS USE and/or LONG-TERM APPRECIATION. There are AFFORDABLE TAXES & PUBLIC NATURAL GAS UTILITIES on site as well as CENTRAL A/C. Buyers will NOT be disappointed in the heavily traveled AVENUE LOCATION with a daily traffic count of almost 24,000 cars passing by per day & within minutes of ALL LEHIGH VALLEY major highways. Schedule a tour with The Listing Broker ASAP because we are expecting a fast sale due to LOW INVENTORY & HEAVY BUYER DEMAND. Please allow 48hr notice for scheduling to allow us to schedule tours conveniently with tenants, the building is FULLY OCCUPIED. Thank you for your interest!

Details for 1525 HANOVER AVE

Year Built
1915
Parking
5
Price / Sq Ft
$152
HOA
No Info
Cooling
Yes
Heating
Yes
On Website
44 Days
Acres
0.117

Price per square foot and days on website are not provided values and are calculated by RE/MAX.

Listing Office RE/MAX Central - Center Valley

MLS# 734331

Updated 7:50AM - 4/29/2024

The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the Greater Lehigh Valley REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than , are indicated by detailed information about them such as the name of the listing firms. Information Deemed Reliable But Not Guaranteed. Copyright © 2024 Greater Lehigh Valley REALTORS®. All Rights Reserved.

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