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    502-606 Lehigh St Allentown, PA 18103

    Sponsored
    For Sale
    $1,200,000

    3.6 Acres Commercial Development Land

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 3.6-acre property in Allentown, Pennsylvania, presents a unique redevelopment opportunity. Located at 502-606 Lehigh Street (APN 640627395559-1), this offering encompasses four parcels totaling 3.6 acres. The parcels include a mix of zoning classifications: two commercial, one industrial, and one residential. This allows for diverse development possibilities, ranging from commercial and industrial ventures to multifamily residential projects (with a variance). The Lehigh Valley's robust economy, currently ranked among the nation's top 5 for economic growth, makes this a highly attractive investment. The site's current occupants, a thriving auto dealership and repair shop, along with a residential home, offer potential for immediate income generation. The property's central location within Allentown, zip code 18103, provides excellent accessibility and visibility. This is an exceptional chance to acquire a significant land holding in a rapidly growing market. Serious inquiries are encouraged. The asking price is $1,200,000.

    Property Features for 502-606 Lehigh St

    General Information

    Property type
    Land
    Lot Size
    156,816 SF

    HighLights

    • $1,200,000 asking price
    • 3.6‑acre land parcel
    • Located at 502‑606 Lehigh St, Allentown, PA 18103
    • Lehigh County, PA
    • Includes four parcels (502, 522, 524, & 606 Lehigh St)
    • Zoned commercial, industrial, and residential
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Allentown
    County
    Lehigh
    State
    Pennsylvania
    Longitude
    -75.4672768
    Latitude
    40.5955522

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    FAQs

    What type of property is this?
    Land - 3.6 Acres Commercial Development Land
    Where is this land located?
    The property is located at 502-606 Lehigh St Allentown, PA.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: $1,200,000 asking price; 3.6-acre land parcel; Located at 502-606 Lehigh St, Allentown, PA 18103
    Request Owner's contact information
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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
    502-606 Lehigh St Allentown, PA 18103
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