$640,000
$699,000
8.4%For more information regarding the value of a property, please contact us for a free consultation.
4,798 SqFt
SOLD DATE : 01/14/2022
Key Details
Sold Price $640,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 4,798 sqft
Price per Sqft $133
MLS Listing ID PANH2000676
Sold Date 01/14/22
Originating Board BRIGHT
Year Built 1930
Annual Tax Amount $5,553
Tax Year 2021
Lot Size 5,700 Sqft
Acres 0.13
Lot Dimensions 0.00 x 0.00
Property Description
Less than 1/2 block from the new luxury apartments and upscale grocer being built at 250 E Broad, this four unit in North Bethlehem (1 Commercial & 3 Residential) plus 3 car garage already provides a nice return. First floor approx 2,300 sq ft restaurant w/hardwood floors, 2 dining areas plus party room & waiting area. 2 restrooms. Upper levels include One 2 bedroom recently updated unit & Two 1 bedroom units. Separate utilities, except water/sewer which owner splits w/commercial unit. New Gas HVAC for first floor & new baseboard electric heat for the 3 residential units. 4 new hot water heaters & 5 new electric panel boxes (1 for owner lights). Roof (2014). Current rental COs with resale CO to be provided by owner. Check with City of Bethlehem for the various commercial uses and opportunity zone benefits. Cap rate at listing price just under 7%. Raising rents to market rates can bringscap rate to 10%. Great time to own in this part of North Bethlehem. Zoned: CG-GENERAL COMMERCIAL
Location
State PA
County Northampton
Area Bethlehem City (12404)
Zoning CG
Interior
Hot Water Multi-tank
Heating Baseboard - Electric, Forced Air
Cooling Ceiling Fan(s), Central A/C, Window Unit(s)
Heat Source Electric, Natural Gas
Exterior
Garage Spaces 8.0
Utilities Available Electric Available, Natural Gas Available, Water Available
Waterfront N
Water Access N
Accessibility Ramp - Main Level
Parking Type Private Garage, Parking Lot
Total Parking Spaces 8
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Bethlehem Area
Others
Tax ID P6NE1C-16-4-0204
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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