1001-1015 5Th St, Allentown, PA 18103
- Retail properties & Spaces
- 2,910 SF
- 0.44 lot acres
Current Use by Public Records
- Retail properties & Spaces
Property Details for 1001-1015 5Th St
- Year built
- 1933
- Lot size
- 0.44 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Industrial properties
Description
This exceptional Allentown, PA investment opportunity presents a fully operational auto repair shop spanning 2,910 square feet. Situated on a sizable 0.44-acre lot (approximately 19,000 square feet), the property boasts ample parking for roughly 40 vehicles. Built in 1933, the building is zoned B-3 and features five overhead doors, crucial for efficient vehicle access and operation. The interior includes four automotive lifts, significantly enhancing operational capabilities and minimizing the need for immediate capital investment. The property's current annual gross income is $96,000, generating a net income exceeding $80,000 annually, demonstrating a strong and reliable cash flow. The high ceilings, ranging from 13 to 15 feet, provide ample workspace and storage. This turnkey operation is ideally located in Allentown, within a thriving area supporting automotive and light industrial services, making it an attractive proposition for both investors seeking high-yield returns and owner-operators looking to establish or expand their business. The address is 1001-1015 S 5th St, Allentown, PA 18103. This is a rare chance to acquire a well-established, profitable business with significant upside potential. The asking price is $850,000.
Value Estimations
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AI approach
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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
- -75.4625
- Latitude
- 40.5919
