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    1102 Hanover Ave Allentown, PA 18109

    For Sale
    $650,000

    High-Yield Investment: Retail & Apartments

    Property size:
    2,876 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    316
    This exceptional free-standing mixed-use building at 1102 Hanover Avenue, Allentown, PA, presents a compelling investment opportunity. The property encompasses 2,876 square feet on a 0.11-acre lot and is currently priced at $650,000. The building's prime corner location houses the established East Side Smoke Shop, a retail business generating consistent income. Two additional tenant-occupied apartments contribute further to the property's strong cash flow. The retail space itself is well-appointed, featuring a small kitchenette, restrooms, and dual entrances for optimal functionality and customer convenience. A partially finished basement provides ample office and storage space, adding to the property's versatility and potential. This presents a significant opportunity for expansion, whether through enlarging the existing retail operation or introducing a new business venture within the existing retail space. The combination of established income streams from the retail business and rental apartments, coupled with the potential for future growth, makes this a highly attractive investment for discerning buyers seeking a strong return on investment in a desirable Allentown location. The property's strategic location and versatile layout offer significant potential for long-term growth and profitability.

    Property Features for 1102 Hanover Ave

    General Information

    Property type
    Mixed-use properties
    Square Feet
    2,876 SF
    Lot Size
    4,792 SF

    Building Details

    Year Built
    1925
    Insight Report Location Intelligence

    Current Use by Public Records

    eastside smoke shop Vaporizer Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Allentown
    County
    Lehigh
    State
    Pennsylvania
    Longitude
    -75.43796
    Latitude
    40.61784

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    FAQs

    What type of property is this?
    Mixed-use property - High-Yield Investment: Retail & Apartments
    Where is this mixed-use property located?
    The property is located at 1102 Hanover Ave Allentown, PA.
    What is the asking price?
    The asking price for this property is $650,000.
    (610) 865-5555
    Request Owner's contact information
    1102 Hanover Ave Allentown, PA 18109
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    Allentown, PA 18109
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1102 Hanover Ave Allentown, PA 18109
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