4.241 Acres Mixed-Use
2946 MacArthur Rd Whitehall, PA 18052
2946 MacArthur Rd, Whitehall, PA, 18052
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For Sale
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High visibility location with redevelopment potential and income-producing apartments.
Property Size11,840 SF
Lot Size4.24 Acres
Price / SF$333.61
Days on Market862
Property Features for 2946 MacArthur Rd
General Information
- Standard status
- Active
- Size
- 11,840 SF
- Lot size
- 4.24 Acres
- Property subtype
- Mixed Use
Listing Agency
Howard Hanna Real Estate Services Inc Lehigh Valley
(610) 398-0411
Listed by
Carrie Ward · License #AB069092
Source
Crexi
Added: Mar 11, 2024 Checked: Jul 20 at 2:40 am
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 Howard Hanna Real Estate Services Inc Lehigh Valley
Investment Insights
Based on property information with market context.
This property features 4.241 acres across four contiguous parcels in a high-visibility location with authorized access to MacArthur Rd and Mechanicsville Rd, situated next to a signalized intersection. The site includes a store/showroom with an attached home, a repair shop with drive-in doors, and a steel canopy. Additionally, there is an 11,840 sq ft steel warehouse featuring a 22 ft ceiling height, clear span, concrete floor, heating system, and two 14 ft drive-in doors. The property also includes a fully leased and updated 6-unit apartment building that generates income, a partially renovated Victorian brick building, an extensive outdoor covered storage structure, and several garages, workshops, and a small office building. Potential uses for the property include a franchise restaurant, retail center, IT manufacturing campus, day-care facility, auto service, or bank/financial institutions.
Key Highlights
- 4.241 acres of contiguous parcels in a high‑visibility location.
- HOP authorized access to MacArthur Rd and Mechanicsville Rd, next to a signalized intersection.
- Existing 11,840 sq ft steel warehouse boasts a 22 ft ceiling height and two 14 ft drive‑in doors.
Local Financial Insights For Mixed Use
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 | $213.1k | $18.00 |
| − Vacancy | −$18.1k | −$1.53 |
| EGI | $195.0k | $16.47 |
| − OpEx | −$73.1k | −$6.18 |
| NOI | $121.9k | $10.29 |
11,840 SF · lease $18.00/SF/yr · vacancy 8.50% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$1.74M
$1.52M – $2.03M
NOI $121,878 @ 7.0% cap · market cap 3.09%
Second Best
Warehouse
$1.53M
$1.34M – $1.79M
NOI $107,172 @ 7.0% cap · market cap 2.71%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - High visibility location with redevelopment potential and income-producing apartments.
Where is this mixed-use property located?
The property is located at 2946 MacArthur Rd Whitehall, PA.
What is the asking price?
The asking price for this property is $3,950,000.
What are key features of this property?
This property features: 4.241 acres of contiguous parcels in a high‑visibility location.; HOP authorized access to MacArthur Rd and Mechanicsville Rd, next to a signalized intersection.; Existing 11,840 sq ft steel warehouse boasts a 22 ft ceiling height and two 14 ft drive‑in doors.
