Heather McCurdy - Coldwell Banker Hearthside
3143 William Penn
Palmer Twp, PA 18045

$4,550,000

Description

Lehigh Valley Investment property located in Palmer Township. This 32,310 SF retail building sits on 6.31 acres in a high traffic area. There are 4 tenants in the building: Planet Fitness (18,000SF), Easton Hospital (5,300 SF), Lets Speak Dog (3,000 SF), and Keystone Heights (2,000 SF). All lease provide for common area maintenance recapture on a pro-rata basis. There is a substantial increase in cash flow in year 5 due to increases in rental rate for Planet Fitness.

Details

MLS#590550
StyleIndustrial
Sub-TypeResale
StatusActive
Year1971
Days On Site63

Features

SQ Feet32,655
Story(s)0
ZoningGC

Additional Information

County Taxes5826.25
Municiple Taxes4073.44
School Taxes31669.13
Total Taxes41568.82

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Area Information

StatePA
CountyNorthampton
CityPalmer Twp
Zip Code18045
AreaPalmer
Listing VS Median (in 18045)
Price:
$4,550,000
low | high
Med:
$259,000
100% of Average
SqFt:
32,655
low | high
Med:
756
100% of Average
$ / SqFt:
$139
low | high
Med:
$86
88.530982905983% of Average
On Site:
63
low | high
Med:
319
19.74921630094% of Average
Listing Updated: 12/09/2018
MLS Number: 590550
Listing Provided By:
Costas J. Hrousis  of  Veraxia Commercial Real Estate