1020 Airport Rd
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1020 Airport Rd
9,540 SF 100% Leased Industrial Building Allentown, PA 18109 $2,890,000 ($303/SF)
Investment Highlights
- Ample parking with outdoor storage
- Great location on Airport Rd with direct access to Lehigh Valley Thruway
Executive Summary
FULLY RENTED - new 10y tenant (05/2024) fully renovating the inside and outside of the property (photos coming soon) for a high-end car detailing shop! Rare investment in the heart of Airport Road - with its own private thru-street access on 2 sides (N. Irving St & Airport Rd) and 3rd North access to (3) multi-height docks to accommodate various vehicles (semis to box to pickups). Inside features almost ~11,000 ft. sq. of a mix of warehouse space, garage, and 2 floors of offices (FL1 is current owner). Reznor overhead heating + actual warehouse AC during the summer; 32-35 parking spots + the (3) truck docks for larger vehicles (1-semi). Unmatched location...Good luck!
Property Facts
| Price | $2,890,000 | Rentable Building Area | 9,540 SF |
| Price Per SF | $303 | No. Stories | 2 |
| Sale Type | Investment | Year Built | 1950 |
| Sale Conditions | 1031 Exchange | Parking Ratio | 3.67/1,000 SF |
| Property Type | Industrial | Clear Ceiling Height | 12 FT |
| Property Subtype | Distribution | No. Dock-High Doors/Loading | 3 |
| Building Class | B | No. Drive In / Grade-Level Doors | 2 |
| Lot Size | 0.93 AC |
| Price | $2,890,000 |
| Price Per SF | $303 |
| Sale Type | Investment |
| Sale Conditions | 1031 Exchange |
| Property Type | Industrial |
| Property Subtype | Distribution |
| Building Class | B |
| Lot Size | 0.93 AC |
| Rentable Building Area | 9,540 SF |
| No. Stories | 2 |
| Year Built | 1950 |
| Parking Ratio | 3.67/1,000 SF |
| Clear Ceiling Height | 12 FT |
| No. Dock-High Doors/Loading | 3 |
| No. Drive In / Grade-Level Doors | 2 |
Amenities
- Storage Space
- Air Conditioning
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Walk Score ®
Very Walkable (72)
PROPERTY TAXES
| Parcel Number | 640789623623-1 | Improvements Assessment | $146,500 |
| Land Assessment | $242,400 | Total Assessment | $388,900 |
PROPERTY TAXES
Parcel Number
640789623623-1
Land Assessment
$242,400
Improvements Assessment
$146,500
Total Assessment
$388,900
zoning
| Zoning Code | C-1/B-3 (commercial districts that are predominantly residential in character) |
| C-1/B-3 (commercial districts that are predominantly residential in character) |
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1020 Airport Rd
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