**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!
Sold for $550,000 on 06/28/24
$550,000
1525 Hanover Ave, Allentown, PA 18109
4beds
4,515sqft
Mixed Use, Multi Family, Single Family Residence
Built in 1915
-- sqft lot
$583,000 Zestimate®
$122/sqft
$1,871 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: June 28, 2024 at 11:37am
Listed by:
David Feinberg 610-509-4358,
RE/MAX Central - Center Valley
Bought with:
Anis A. Atiyeh, RS347660
IronValley RE of Lehigh Valley
Source: GLVR,MLS#: 734331
Originating MLS: Lehigh Valley MLS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
Heating
- Gas
Cooling
- Central Air
Interior area
- Total interior livable area: 4,515 sqft
Property
Parking
- Total spaces: 5
- Parking features: Attached, Built In, Garage, Off Street, On Street
- Has attached garage: Yes
- Has uncovered spaces: Yes
Features
- Stories: 3
Lot
- Size: 5,096 sqft
- Dimensions: 68 x 129
Details
- Parcel number: 641716993979 001
- Zoning: B-3
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Mixed Use, Multi Family, Single Family Residence
Materials
- Brick, Stone, Stucco, Vinyl Siding
Condition
- Unknown
- Year built: 1915
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Security
- Security features: Security System
Location
- Region: Allentown
- Subdivision: Not in Development
Other
Other facts
- Listing terms: Cash,Conventional,Owner May Carry
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$583,000
2% more+$11,660
With Zillow Showcase(estimated)$594,660