1563 Old Route 22 Lenhartsville, PA 19534
COMMERCIAL - Greenwich Twp, PA
Property size:
13,801 SFLot size:
9.86 AcresPrice / SF:
$94/SF- Added:
- Feb 29, 2024
- Days on Market:
- 799
- Last Refresh:
- May 8 at 1:06 am
Property Features for 1563 Old Route 22
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Village/Rural
- Parking
- 40
- Parking features
- Driveway, On Street, Garage, Off Street
- Standard status
- Active
- APN
- 45541512865831
- Size
- 13,801 SF
- Lot size
- 9.86 Acres
Taxes and HOA fees
- Tax Annual Amount
- 9606
Utilities
- Sewer type
- Septic Tank
- Heating system
- Electric (Heating)
- Cooling system
- Window Unit(s)
- Water source
- Well
Building Details
- Year built
- 1935
- Number of units
- 21
- Building materials
- Frame
Listing agent Shane R. Keyser (877) 208-4158
Listing office CENTURY 21 Keim Realtors 90 N Cedar Crest Blvd, Allentown, PA (610) 395-0393
Listing date Feb 29, 2024
MLS# 733730
Copyright © 2026 Greater Lehigh Valley REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Fully occupied 21‑unit property with over 11% cap rate.
- Significant value‑add potential through rent increases and possible unit expansion (subject to zoning).
- Two parcels totaling just shy of 10 acres.
- Mix of unit types: 2‑3BR, 2‑2BR, and 12‑1BR/efficiency units, plus storage, workshop, and commercial garage.
- New roofs and windows on main buildings and commercial garage.
- Conveniently located within a 20‑minute commute to the Lehigh Valley.
Overview
Fully Occupied Investment Property
This fully occupied 21-unit property presents a unique investment opportunity. Situated on just shy of 10 acres, the property consists of two parcels. The unit mix includes 2 three-bedroom units, 2 two-bedroom units, and 12 one-bedroom/efficiency units. Additionally, there are 3 storage spaces, a workshop with a garage, and a commercial garage. The property offers value-add and upside potential through rent increases and the possibility of adding more units, subject to zoning and local municipality approval. All units are fully occupied with one-year leases and security deposits in place. The owner is responsible for water, sewer, trash, and common electric. Tenants are responsible for heat (electric), electric, and cable. New roofs and windows have been recently installed on all the main buildings and the commercial garage. The property is located a short 20-minute commute to the Lehigh Valley. The property size is 13801 square feet.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Lenhartsville
- County
- Berks
- State
- Pennsylvania
- Longitude
- -75.91758
- Latitude
- 40.571178
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 21-unit property on 9.86 acres with value-add potential.
Where is this apartment building located?
The property is located at 1563 Old Route 22 Lenhartsville, PA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Fully occupied 21‑unit property with **over 11% cap rate.**; Significant value‑add potential through rent increases and possible unit expansion (subject to zoning).; Two parcels totaling just shy of 10 acres.
