1824-1826 Hanover Ave Allentown, PA 18109
- Retail properties
- 1.00 lot acres
Current Use by Public Records
- Retail properties
Property Details for 1824-1826 Hanover Ave
- Lot size
- 1.00 lot acres
- Property type
- Retail properties
- Property subtype
- Bars
Description
This exceptional Allentown, PA investment opportunity presents a unique blend of commercial and residential real estate. The property, located at 1824-1826 Hanover Ave, encompasses a long-standing (56 years) landmark restaurant and bar with a seating capacity of 240, complete with a liquor license. The sale includes the restaurant/bar business, along with three income-producing apartments and four on-site garages. Adding to the value, two additional parcels (1902 Hanover Ave and 1810 Hanover Ave) are included, totaling over one acre of land. 1902 Hanover Ave is a two-unit residential building currently used for additional restaurant parking, while 1810 Hanover Ave serves as overflow parking. This turnkey property offers significant cash flow potential and substantial room for expansion. The combined property, classified as retail and multifamily, sits on a one-acre lot in Lehigh County, PA (zip code 18109). This is a rare chance to acquire a thriving, established business and a valuable real estate portfolio in a prime location. The asking price is $2,800,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Allentown
- County
- Lehigh
- State
- Pennsylvania
- Longitude
- -75.4278
- Latitude
- 40.6212
