1125 Colorado Street Allentown City 18103 - MLS #

1125 Colorado Street
Allentown City, PA 18103

$1,590,000.00

bedroom(s)

bathroom(s)

2000 square feet

4.000 acre(s)

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.

County:

Lehigh

Area:

Allentown-Central

AvailableSqFt:

0.00

BuildingSqFt:

0.00

LotDimensions:

YearBuilt:

1948

Construction:

Brick

Ceiling:

HeatType:

Cooling:

Other

BestUse:

Potentialuse:

PossibleFinancing:

Cash,Conventional,Exchange

OfficeSqFt:

0

Bathrooms:

Parking:

On Site

ParkingSpaces:

0

Stories:

SchoolDistrict:

Allentown

TotalTaxes:

17199.38

Water:

Public

Utilities:

3 Phase

Sewer:

TypeofLease:

Double Net

GrossIncome:

130220.00

ListingAgentFullName:

Ayon A. Codner

ListingOfficeMLSID:

KWILA

ListingOfficeName:

Keller Williams Real Estate

PropertyType:

Commercial

Unit:

UseCode:

0

ZoningCode:

R-M-MEDIUM DENSITY RESIDENTIAL

VirtualTourURL:

Improvements:

Restrictions:

Miscellaneous:

SpecialConditions:

Not Applicable