1227 Airport Rd Rear Allentown, PA 18109-3311
Property summary
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.
Property profile
VerifiedCap rate & NOI
Current use
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Gas Station
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Currency Exchange Service Atm
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Grocery & Convenience Store
Value estimations
Owner & transaction history
Zoning & alternative use
The purpose of this district is to provide areas appropriate to and reserved for large complexes of shopping facilities containing a wide range of business and service uses and servicing large areas.
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
B-4 · Allentown, PAThe purpose of this district is to provide areas appropriate to and reserved for large complexes of shopping facilities containing a wide range of business and service uses and servicing large areas.
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for B-4 in Allentown, PA.
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Find the owner behind the property.
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