1802 12Th St Allentown, PA 18103
- Parking lots & garages
- 1.91 lot acres
Current Use by Public Records
- Chem & Lube / Oil Wholesaler
Property Details for 1802 12Th St
- Lot size
- 1.91 lot acres
- Zone code
- B-4
- Property type
- Parking lots & garages
- APN
- 549691786367-1
- APU
- 5496917863671
Description
This exceptional 1.9-acre industrial property presents a unique opportunity for distribution businesses seeking convenient access to major transportation arteries. Located at 1802 S 12th St in Allentown, Pennsylvania, 18103, this single-tenant site boasts a paved parking lot ideal for accommodating trucks, trailers, and heavy industrial equipment. Its zoning is designated as Industrial, ensuring suitability for a wide range of distribution operations. The property's strategic location offers unparalleled convenience, situated just 0.5 miles from Interstate 78, providing seamless connectivity to regional and national transportation networks. The expansive 1.9-acre lot provides ample space for maneuvering and storage, making it an attractive option for businesses requiring significant yard space. This property is ready for immediate occupancy and presents a compelling investment opportunity for businesses seeking a well-located, functional, and readily accessible distribution center in the thriving Allentown market. The property's size and location make it an ideal candidate for a variety of industrial uses, offering significant potential for growth and profitability. The existing paved parking lot eliminates the need for significant upfront investment in site preparation, allowing for a quick and efficient transition to operational status.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $14,545,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $12,380,000
- 6.5%
- $14,415,000
- 7%
- $13,640,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $14,270,000
- Geo Method
- $13,205,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $16,290,000
- Retail
- $13,745,000
- Mixed-Use
- $14,995,000
- Hospitality
- $14,085,000
- Educational
- $15,760,000
- Residential Income
- $14,160,000
- Energy
- $16,240,000
- Income-Based Land
- $13,150,000
- Food Service
- $11,670,000
Location Insight
- Map
- Local Demand
- City
- Allentown
- County
- Lehigh
- State
- Pennsylvania
- Longitude
- -75.4772
- Latitude
- 40.5788
- CBSA code
- 10900
- CBSA name
- ALLENTOWN-BETHLEHEM-EASTON, PA-NJ METROPOLITAN STATISTICAL AREA