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    Jerome St Allentown, PA 18109

    Sponsored
    For Sale
    $675,000

    6.66 Acres, Allentown, PA Commercial Land

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 6.66-acre commercial land assemblage presents a unique development opportunity in the heart of Allentown, Pennsylvania's thriving Lehigh Valley. Currently comprised of ten residential lots, this property offers significant potential for redevelopment. The assemblage includes properties located on South Jerome Street, East Mosser Street, and East South Street, providing convenient access from multiple points. Specifically, the lots are accessible via South Jane Street and River Drive, enhancing accessibility and potential development options. Detailed tax reports for each individual lot are available upon request, providing comprehensive information for potential investors and developers. The Lehigh Valley's robust economy, currently ranked among the top five nationally for economic growth, makes this a highly attractive investment. This prime location offers unparalleled access to major highways and routes, ensuring convenient transportation and connectivity. The assemblage's size and strategic location make it ideal for a variety of residential development projects, capitalizing on the area's strong demand for housing. This is a rare opportunity to acquire a substantial land parcel in a rapidly growing market. Contact us today to learn more about this exceptional investment opportunity.

    Property Features for 0 Jerome St

    General Information

    Property type
    Land
    Lot Size
    290,110 SF

    HighLights

    • 6.66‑acre commercial land assemblage in Allentown, PA's Lehigh Valley.
    • Ten residential lots offer redevelopment potential.
    • Located on South Jerome, East Mosser, and East South Streets, with access from South Jane Street and River Drive.
    • Detailed tax reports available upon request.
    • Prime location in a top‑five nationally ranked economy, offering easy highway access.
    • Ideal for residential development due to high housing demand.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Allentown
    County
    Lehigh
    State
    Pennsylvania
    Longitude
    -75.4357373
    Latitude
    40.6114511

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    FAQs

    What type of property is this?
    Land - 6.66 Acres, Allentown, PA Commercial Land
    Where is this land located?
    The property is located at Jerome St Allentown, PA.
    What is the asking price?
    The asking price for this property is $675,000.
    What are key features of this property?
    This property features: 6.66-acre commercial land assemblage in Allentown, PA's Lehigh Valley.; Ten residential lots offer redevelopment potential.; Located on South Jerome, East Mosser, and East South Streets, with access from South Jane Street and River Drive.
    Request Owner's contact information
    Jerome St 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
    Jerome St Allentown, PA 18109
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