Lehighton Corner Lot
For Sale
$995,000
2381-2385 E Blakeslee Boulevard Drive, Lehighton, PA 18235
Corner lot with potential for retail, auto repair, and more.
Property Size3,400 SF
Price / SF$292.65
Days on Market3106
Property Features for 2381-2385 E Blakeslee Boulevard Drive
General Information
Standard status
Active
Size
3,400 SF
Property subtype
General Commercial
Building Details
Year Built
1950
Listing Agency:
Charlotte Solt Real Estate
(570) 668-2240
Listed By:
Charlotte Solt Real Estate
(570) 778-4863
Source:
Xome
Added: Jan 31, 2018
Changed: Jul 10
Last Checked: Aug 3 at 4:02AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Charlotte Solt Real Estate
Investment Insights
Based on property information with market context.
This property, currently operating as Rick's Auto Repair and Riclyn's Country Shop, presents a commercial opportunity on a corner lot. The garage includes two 10-foot access doors and two lifts, which are negotiable. Parking is available for approximately 18 vehicles. The location offers high visibility, situated across from the new LVH N Hospital site. The property has potential for various uses, including a mini-mart, gas station, auto repair shop, or retail space. The owner has maintained DEP certification for the tanks. Many rooms are currently used for storage. The current businesses will not remain after settlement. The property size is 3400 square feet.
Key Highlights
- High visibility corner lot location across from the new LVH ... N Hospital site.
- Great potential for various businesses: mini‑mart, gas station, auto repair, or retail.
- Garage with 2‑10' access doors and 2 lifts (negotiable).
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $63.2k | $18.60 |
| − Vacancy | −$3.4k | −$1.00 |
| EGI | $59.8k | $17.60 |
| − OpEx | −$17.9k | −$5.28 |
| NOI | $41.9k | $12.32 |
3,400 SF · lease $18.60/SF/yr · vacancy 5.40% · expense 30.00%
Alternative Uses
Best Use
Retail
$598.3K
$523.5K – $698.0K
NOI $41,878 @ 7.0% cap · market cap 4.21%
Second Best
Industrial
$218.6K
$191.3K – $255.0K
NOI $15,302 @ 7.0% cap · market cap 1.54%
Theoretical Best
Specialty Retail
$668.0K
$584.5K – $779.3K
NOI $46,757 @ 7.0% cap · market cap 4.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
513
Businesses Nearby
59k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 64%
Dining 28%
Groceries 8%
Exxon
Shops & Services
16,155 visits/mo
0.1 miles
Dunkin' Donuts
Dining
15,245 visits/mo
0.0 miles
Sunoco
Shops & Services
11,690 visits/mo
0.2 miles
Fine Wine & Good Spirits
Groceries
4,456 visits/mo
0.5 miles
Advance Auto Parts
Shops & Services
3,786 visits/mo
0.4 miles
Demographics for 18235, PA
19,139
Population
8,796
Households
2.2
Avg Household Size
47
Median Age
19%
College-Educated
89%
High-School Grad
86.9 sq mi
ZIP Area
220
Density / Sq Mi
$72,626
Median Household Income
$44,418
Median Earnings
$1,003
Median Rent
$218,000
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Road Emergency 911
- Rick's Auto Repair — 2381 Blakeslee Blvd Dr E, Lehighton, PA 18235
- VC Window Tinting — 2562 Blakeslee Blvd Dr E, Lehighton, PA 18235
Frequently Asked Questions
What type of property is this?
Auto shop - Corner lot with potential for retail, auto repair, and more.
Where is this auto shop located?
The property is located at 2381-2385 E Blakeslee Boulevard Drive Lehighton, PA.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: High visibility corner lot location across from the new LVH ... N Hospital site.; Great potential for various businesses: mini‑mart, gas station, auto repair, or retail.; Garage with 2‑10' access doors and 2 lifts (negotiable).
