613-623 N 19th St | Allentown, PA 18104
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613-623 N 19th St
Allentown, PA 18104
100% Occupied Three-Tenant Retail · Retail Property For Sale
Investment Highlights
- Limited management with tenants reimbursing operating expenses
- Limited management with tenants reimbursing operating expenses
- 3-tenant center with NNN leases and annual rent increases
PROPERTY FACTS Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,703 SF
Building Class
C
Year Built/Renovated
1935/2023
Price
$2,140,000
Price Per SF
$221
Cap Rate
7.50%
NOI
$160,561
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.38
Lot Size
0.58 AC
Zoning
B-5 - Urban Commercial District
Parking
56 Spaces (5.77 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Atrium
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 549730193928-1 | Improvements Assessment | $800,000 |
| Land Assessment | $200,000 | Total Assessment | $1,000,000 |
PROPERTY TAXES
Parcel Number
549730193928-1
Land Assessment
$200,000
Improvements Assessment
$800,000
Total Assessment
$1,000,000
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