Mixed-Use Investment Opportunity | 218 Delaware Ave
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Mixed-Use Investment Opportunity 218 Delaware Ave
8,726 SF 65% Leased Office Building Palmerton, PA 18071 £593,880 (£68/SF)
Investment Highlights
- 3-Unit Mixed-Use Property
- 2 Apartments
- Central AC in Commercial
- 3,046 Sq Ft Medical Office
- 9 Garage Rentals
- 10,485 ADT
Executive Summary
The Daniel Perich Group of KW Commercial Real Estate is offering this mixed-use investment opportunity in Palmerton. The property features an 3-unit building, encompassing a 3,046 sq ft medical office space on the first floor and a 2 apartments above. Additionally, a detached building hosts 9 garage rentals, spanning 2,592 sq ft, which adds to the property’s versatility and income potential.
The commercial space, currently available for lease, includes central air conditioning, public water and sewer services, and is situated in the commercial downtown (CD) zoning district, allowing for a variety of business uses. This space is ideal for investors or owner-users looking for a multifaceted property that offers both commercial and residential income streams.
Located on Delaware Avenue, this property sits in the heart of Palmerton, benefiting from a high daily traffic count of 10,968 vehicles. The area is characterized by its vibrant community and accessibility, with ample on-street parking and additional 9 on-site parking spots, making it highly attractive for businesses and residents alike. The proximity to local amenities and major roads enhances its appeal, positioning it as a strategic investment in a growing area.
The commercial space, currently available for lease, includes central air conditioning, public water and sewer services, and is situated in the commercial downtown (CD) zoning district, allowing for a variety of business uses. This space is ideal for investors or owner-users looking for a multifaceted property that offers both commercial and residential income streams.
Located on Delaware Avenue, this property sits in the heart of Palmerton, benefiting from a high daily traffic count of 10,968 vehicles. The area is characterized by its vibrant community and accessibility, with ample on-street parking and additional 9 on-site parking spots, making it highly attractive for businesses and residents alike. The proximity to local amenities and major roads enhances its appeal, positioning it as a strategic investment in a growing area.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
8,726 SF
Building Class
B
Year Built/Renovated
1930/2019
Price
£593,880
Price Per SF
£68
Percent Leased
65%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
4,363 SF
Building FAR
0.59
Land Acres
0.34 AC
Zoning
CD
Parking
1.15 Spaces per 1,000 SF Leased
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
- 1st Floor
- 3,046 SF
- Office
- Full Build-Out
- Now
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 3,046 SF | Office | Full Build-Out | Now |
1st Floor
| Size |
| 3,046 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
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PROPERTY TAXES
| Parcel Number | 42A-48-K5 | Improvements Assessment | £80,365 |
| Land Assessment | £13,380 | Total Assessment | £93,745 |
PROPERTY TAXES
Parcel Number
42A-48-K5
Land Assessment
£13,380
Improvements Assessment
£80,365
Total Assessment
£93,745
-
Daniel Perich -
The Daniel Perich Group of KW Commercial
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Mixed-Use Investment Opportunity | 218 Delaware Ave
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