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1227 Airport Rd Rear Allentown, PA 18109-3311

OFF-MARKET Auto shops Google Maps
2,400 SF 0.3 ac lot Built 1982
Individually Owned Absentee Owner Free & Clear
Estimated value (blended)
$260k
Range $234k – $286k (±10%)
Property ID US73-1498135

Property summary

AI-generated overview

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

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1982
Total area 2,400 SF
Lot 0.3 ac (13,068 SF)
Zoning code B-4
APN 640890248948-1
UPID US73-1498135

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Gas Station
  • Currency Exchange Service Atm
  • Grocery & Convenience Store

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$260k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$260k

Owner & transaction history

Zoning & alternative use

B-4 · Allentown, PA
Zoning description

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.

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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