1227 Airport RdAllentown, PA 18109

Property Details for 1227 Airport Rd

Year built

1982

Lot size

0.30 AC

Property size (Sq ft)

2,400 SF

Zone code

B-4

Property type

Retail properties

Property subtype

Auto shops

APN

640890248948-1

APU

6408902489481

Description

This exceptional investment opportunity presents a thriving 1,640 square foot convenience store and gas station located at 1227 Airport Road in Allentown, Pennsylvania (zip code 18109). Boasting a 100% occupancy rate and a strong 7.00% cap rate, this NNN-leased property offers significant potential for passive income. The asking price is $1,900,000, translating to a price per square foot of $1,158.54. The property includes a fully operational grill and deli area, catering to the needs of a busy clientele. Situated on a sizable 0.60-acre lot, ample parking is available for customers. The property's strategic location on a busy road ensures high visibility and consistent traffic flow. This turnkey operation requires minimal management, making it an ideal investment for both seasoned and novice investors seeking a stable and profitable venture in the retail sector. The current lease has expired, offering the new owner complete control and flexibility. This is a rare opportunity to acquire a well-established and profitable business in a prime location. The property's diverse offerings, including fuel, convenience store items, and a food service component, contribute to its robust financial performance and strong market position. Don't miss this chance to own a piece of Allentown's thriving commercial landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $876,410

  6.5%

  $808,994

  7%

  $751,208

• Comparable approach

  Method

  Valuation

  Relative Method

  $795,543

  Geo Method

  $790,232

• Alternative Use

  Use

  Valuation

  Residential

  $682,416

  Hospitality

  $625,090

  Educational

  $520,067

  Medical

  $537,953

  Retail

  $808,994

Location Insight

City

Allentown

County

Lehigh

State

Pennsylvania

Latitude

40.6294

Longitude

-75.4412

CBSA code

10900

CBSA name

ALLENTOWN-BETHLEHEM-EASTON, PA-NJ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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