1183 Mechanic St, Bethlehem, PA 18015

This lot is perfect for development of 2-4 multi-unit which must be approved by City of Bethlehem. Plans have been presented for pre-approval and architectural drawings are available. While approval is taking place, four garages are currently cash flowing at $600/month. There is also an immediate opportunity to turn parking lot into 16 spaces -- approval necessary -- and rent at an additional $50/month. Potential gross income is $1,400 a month. Super low taxes. GREAT location for future South Bethlehem growth and positioned within walking distance of the new site for proposed South Bethlehem water park. South Bethlehem is experiencing massive growth and new apartments development.