1125 Colorado Street, Allentown, PA 18103 (MLS # 719280)

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PRICE $1,412,000 dsIDX morgage calculator
SIZE 2,000 sqft
LOT SIZE 4.00 ac
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Income-generating land and tower site for sale. This unique and rare opportunity features 4.00 acres with a +/-2,000 SF building and two antennae structures. The building is currently leased by two long-term radio stations with the option for renewals. This investment opportunity has a current NOI of $127,220.62 per year, and with the right investor, the potential to maximize their income by adding additional telecommunication services to the tower. The land is zoned (R-M) Medium Density Residential, which allows uses such as single-family dwellings, Apartments, and Multifamily. The building and tower are well maintained by the owner. The site is located in a residential neighborhood with the potential for redevelopment. Call today for additional details.

DAYS ON MARKET 169 LAST UPDATED 12/8/2023
YEAR BUILT 1948 COMMUNITY Allentown-Central
COUNTY Lehigh STATUS Sold
PROPERTY TYPE(S) Commercial

PRICE HISTORY
Prior to Jun 19, '23 $159,000
Jun 19, '23 - Today $1,590,000


ADDITIONAL DETAILS
AIR Other
AIR CONDITIONING Yes
AREA Allentown-Central
CONSTRUCTION Brick
LOT 4 acre(s)
LOT DIMENSIONS 174239.0
PARKING On Site
TAXES 17199.38
WATER Public
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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Listed with Keller Williams Real Estate
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