$484,000
Lehighton, PA 18235
MLS# PM-79932
Status: Closed
12485 sqft
1 / 22
Property Description
Opportunity to purchase stabilized multifamily mixed use property feat. 7 apartments, 2 street retail, 3 internal office/retail spaces & 6,200+/- SF 3 fl warehouse. 15 unit building located in downtown Lehighton surrounded by shops, restaurants and services. Each apartment fully occupied with private interior entrance. Apartments are large, well maintained and have 2 levels each. 1st fl feat. 2 commercial storefronts and 3 internal office/retail spaces with large interior promenade. Spaces can be combined or separated further depending on need. Warehouse connected to main building & accessed from 1st or 2nd fl through main building. Residential apts on 2nd and 3rd floor can be accessed via front or rear of property, where there is private parking and common outdoor area for tenants. Each
Details
Maps
Contract Information
Listing Service: Full Service
Lease Considered YN: No
Property Sub Type: Business
Sold Price: $484,000
Current Price: $484,000
Status: Closed
Listing Contract Date: 2020-08-07
Location, Tax, and Legal
Parcel Number: 70A10-29-U14
Municipality: Lehighton Borough
High School District: Lehighton Area
Tax Book Number: 439/603
Zoning Description: Commercial
General Property Information
Above Grade Finished Area: 12485
Stories: 2
Year Built Source: Other
Lot Size Acres: 0.29
List Price/SqFt: 38.77
Sold Price/SqFt: 38.77
Building Area Total: 12485
Remarks and Miscellaneous
Public Historical Remarks: Miscellaneous: Zoning Code C2
Public Remarks: Opportunity to purchase stabilized multifamily mixed use property feat. 7 apartments, 2 street retail, 3 internal office/retail spaces & 6,200+/- SF 3 fl warehouse. 15 unit building located in downtown Lehighton surrounded by shops, restaurants and services. Each apartment fully occupied with private interior entrance. Apartments are large, well maintained and have 2 levels each. 1st fl feat. 2 commercial storefronts and 3 internal office/retail spaces with large interior promenade. Spaces can be combined or separated further depending on need. Warehouse connected to main building & accessed from 1st or 2nd fl through main building. Residential apts on 2nd and 3rd floor can be accessed via front or rear of property, where there is private parking and common outdoor area for tenants. Each
Business Type
Professional Service: 1
Professional/Office: 1
Storage: 1
Listing Terms
Cash: 1
Conventional: 1
Possession
Negotiable: 1
Current Use
Residential: 1
Commercial: 1
Office: 1
Other: 1
Possible Use
Residential: 1
Warehouse: 1
Retail: 1
Investment: 1
Other: 1
Multi-Family: 1
Construction Materials
Brick: 1
Cooling
Wall/Window Unit(s): 1
Heating
Natural Gas: 1
Water Source
Public: 1
Sewer
Public Sewer: 1
Parking Features
On Site: 1
Off Street: 1
Road Frontage Type
City Street: 1
Road Surface Type
Paved: 1
Asphalt: 1
Road Responsibility
Public Maintained Road: 1
Location Tax and Legal
County: Carbon
Street Number: 184
Street Name: S 1st
Street Suffix: Street
City (Post Office): Lehighton
State: PA
Postal Code: 18235
Status Change Information
Purchase Contract Date: 2020-10-20
Close Date: 2020-12-22
Close Price: 484000
Property Features
Listing Terms: Cash; Conventional
Possession: Negotiable
Current Use: Commercial; Residential; Other; Office
Possible Use: Residential; Investment; Other; Multi-Family; Retail; Warehouse
Business Type: Professional Service; Professional/Office; Storage
Construction Materials: Brick
Cooling: Wall/Window Unit(s)
Heating: Natural Gas
Water Source: Public
Sewer: Public Sewer
Parking Features: On Site; Off Street
Road Frontage Type: City Street
Road Surface Type: Paved; Asphalt
Road Responsibility: Public Maintained Road
Supplements
unit separately metered and tenants pay all utilities directly to the provider. Rent has not been raised to market levels in some time - opportunity for new owner to quickly improve cash flow. This building has strong cash flow at the current occupancy and rental rate. The smart investor will be able to quickly improve occupancy and rental rate, effectively double the net income. Additional units available in adjacent property - contact listing agent for details.
Listing Office: DLP Realty
Last Updated: March - 03 - 2025
Information deemed reliable but not guaranteed.