LANDMARK RESTAURANT/BAR/APTS 3 PARCELS | 1824-1826 Hanover Ave
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LANDMARK RESTAURANT/BAR/APTS 3 PARCELS 1824-1826 Hanover Ave
7,330 SF Retail Building Allentown, PA 18109 $2,800,000 ($382/SF)
Executive Summary
1824 Hanover Ave, Allentown PA
• LONG STANDING LANDMARK RESTAURANT / BAR = 56 YEARS IN BUSINESS -LIQUOR LICENSE INCLUDED IN SALE • SEATS 240
• UPPER LEVEL 50 LOWER LEVEL - 3 INCOME PRODUCING APARTMENTS & 4 GARAGES ON SITE • 2 ADDITIONAL PARCELS INCLUDED IN SALE ALL 3 TOTAL 1 +/- ACRES
• 1902 HANOVER AVE IS A 2 UNIT RESIDENTIAL BUILDING THAT IS UTILIZED AS ADDITIONAL PARKING FOR RESTAURANT / BAR
• 1810 HANOVER AVE IS A PARKING LOT UTILIZED FOR OVERFLOW PARKING
• TURN KEY CASH PRODUCING PROPERTY WITH ROOM TO EXPAND INCOME
• A CHANCE TO PURCHASE AN EXISTING THRIVING LANDMARK BUSINESS & PROPERTY
• LONG STANDING LANDMARK RESTAURANT / BAR = 56 YEARS IN BUSINESS -LIQUOR LICENSE INCLUDED IN SALE • SEATS 240
• UPPER LEVEL 50 LOWER LEVEL - 3 INCOME PRODUCING APARTMENTS & 4 GARAGES ON SITE • 2 ADDITIONAL PARCELS INCLUDED IN SALE ALL 3 TOTAL 1 +/- ACRES
• 1902 HANOVER AVE IS A 2 UNIT RESIDENTIAL BUILDING THAT IS UTILIZED AS ADDITIONAL PARKING FOR RESTAURANT / BAR
• 1810 HANOVER AVE IS A PARKING LOT UTILIZED FOR OVERFLOW PARKING
• TURN KEY CASH PRODUCING PROPERTY WITH ROOM TO EXPAND INCOME
• A CHANCE TO PURCHASE AN EXISTING THRIVING LANDMARK BUSINESS & PROPERTY
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
7,330 SF
Building Class
C
Year Built
1920
Price
$2,800,000
Price Per SF
$382
Tenancy
Single
Building Height
2 Stories
Building FAR
0.32
Land Acres
0.53 AC
Zoning
B-1/ - Restaurant (Liquor License), Residential multi unit
Parking
32 Spaces (4.37 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
Walk Score ®
Very Walkable (72)
-
Joseph Paranee -
Paranee Property Management
1 of 74
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LANDMARK RESTAURANT/BAR/APTS 3 PARCELS | 1824-1826 Hanover Ave
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