1726-1730 Chew StAllentown, PA 18104

Property Details for 1726-1730 Chew St

Year built

1955

Lot size

0.14 AC

Property size (Sq ft)

7,796 SF

Zone code

R-M

Property type

Healthcare properties

Property subtype

Medical offices

APN

549649552027-1

APU

5496495520271

Description

This exceptional mixed-use commercial building, located at 1726-1730 West Chew Street in Allentown, Pennsylvania, offers 11,554 square feet of versatile office space across three levels. Ideally situated across from the Allentown Fairgrounds, this prime location presents significant business opportunities. The building features a finished first floor encompassing 3,849 square feet, including a lobby, reception area, two restrooms, a kitchen, seven office/exam rooms, and a conference room. The second floor mirrors this layout, also offering 3,849 square feet with a lobby, reception area, two restrooms, eighteen office/exam rooms, and a conference room. The 3,758-square-foot basement provides a common area, kitchen, restroom, and six additional offices. This adaptable space is perfect for various uses, including government agencies, business offices, legal practices, and financial/professional services. Consider creating a co-working space to capitalize on current market trends. Building amenities include an elevator, sprinkler system, fire alarms, and two handicapped-accessible parking spaces. The property is being sold under auction terms. An open house is scheduled for September 12, 2024, from 5:00 PM to 7:00 PM. The auction will be held on September 19, 2024, at 6:00 PM. The asking price is $699,900. The 0.14-acre lot is zoned for mixed-use development. This is a vacant property.

• CAP approach

  CAP return

  Valuation

  6%

  $1,936,647

  6.5%

  $1,787,674

  7%

  $1,659,983

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,025,472

  Geo Method

  $1,018,625

• Alternative Use

  Use

  Valuation

  Residential

  $2,216,716

  Hospitality

  $2,030,500

  Educational

  $1,689,352

  Medical

  $1,747,452

  Retail

  $2,627,881

Location Insight

City

Allentown

County

Lehigh

State

Pennsylvania

Latitude

40.6002

Longitude

-75.4953

CBSA code

10900

CBSA name

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

Property Tax & Assessments

FAQs

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