Lehighton, PA 18235,184 S 1ST ST
Lehighton, PA 18235,184 S 1ST ST
Lehighton, PA 18235,184 S 1ST ST
$484,000
Est. payment /mo
$484,000
Est.Price: ?

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12,485 SqFt
SOLD DATE : 12/22/2020

Key Details

Sold Price $484,000

Property Type Commercial

Sub Type Five Or More Units

Listing Status Sold

Purchase Type For Sale

Square Footage 12,485 sqft

Price per Sqft $38

MLS Listing ID PACC116352

Sold Date 12/22/20

HOA Y/N N

Originating Board BRIGHT

Annual Tax Amount $6,844

Tax Year 2020

Lot Dimensions 0.00 x 0.00

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 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.

Location

State PA

County Carbon

Area Lehighton Boro (13412)

Zoning C2

Interior

Hot Water Electric

Heating Hot Water

Cooling Wall Unit

Heat Source Natural Gas

Exterior

Garage Spaces 7.0

Waterfront N

Water Access N

Accessibility None

Parking Type On Street, Parking Lot

Total Parking Spaces 7

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Lehighton Area

Others

Tax ID 70A10-29-U14

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Donald Wenner • DLP Realty
Bought with Donald Wenner • DLP Realty

Jason Freeby

Real Estate Team Leader

+1(908) 443-1405

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