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Key Details
Sold Price $445,000
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
Subdivision Not In Development
MLS Listing ID 631174
Sold Date 03/08/21
Lot Size 1.120 Acres
Property Description
Currently two separate parcels with a twin building which houses four rental apartments. Owner
has sketch plan which meets zoning and planning requirements that shows the removal of the
existing four unit, merging the two lots and constructing ten townhome type rental units in two
buildings of five units. The ten unit townhome project most likely is the highest and best use for the
property. Owner also has sketch plan showing a construction of a new four unit building while
maintaining existing four unit building. This is a great location with easy access to shopping and
major routes. Current rental units are always rented and any new rental units would have high
demand. Both properties have public water and sewer laterals saving the expense of running new
lines. There should be less than 1 acre disturbance possibly eliminating the need for a NPDS
permit. Great opportunity to collect rent while obtaining development approvals.
Location
State PA
County Northampton
Area Bethlehem-North
Exterior
Utilities Available Electric Overhead, Gas Available
Building
Sewer Public Main, Public Site
Water Public, Public-Lat
New Construction No
Schools
School District Bethlehem
Others
Special Listing Condition Not Applicable
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