Property profile

215 S Robinson Ave Pen Argyl, PA 18072

FOR SALE
Office Spaces
Property ID
US73-3481122
8,298 SF 0.18 ac lot Built 1936
Entity Owned 5-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional commercial property at 215 S Robinson Ave, Pen Argyl, PA 18072, presents a unique investment opportunity. The 8,298 square foot building, formerly a bank, is mostly renovated and in excellent condition, offering a blend of retail and mixed-use potential. The zoning permits retail use on the first level and apartments on the second, providing flexibility for a variety of business models and income streams. The property boasts a substantial 25-car parking lot, a significant advantage in a high-traffic area. Situated on a 0.184-acre lot, this building offers ample space for both business operations and customer parking. The asking price is $495,000. This prime location in Northampton County, Pennsylvania, offers easy access to major roadways and a thriving local community. The building's excellent condition and versatile zoning make it an ideal investment for both seasoned investors and those seeking a strong foothold in the commercial real estate market. Don't miss this chance to acquire a well-maintained, high-potential property in a desirable location. Contact us today to schedule a showing and explore the possibilities.

Property profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1936
Total area 8,298 SF
Lot 0.18 ac (8,000 SF)
Zoning code GB
APN E8NE2D 49 1 0625
UPID US73-3481122

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
  • Medical Clinic
  • Physician Hospital
  • Physician

Location

215 S Robinson Ave Pen Argyl, PA 18072
Pen Argyl metro Census 15600 ALLENTOWN-BETHLEHEM-EASTON, PA-NJ METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$235k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$180k

Owner & transaction history

since 2021
Last sale
$210,000
4 recorded transactions
2021
$210,000
2014
$31,520
2011
$292,950
1969
Price N/A

Zoning & alternative use

GB · Pen Argyl, PA
Zoning description

GB General Business District. A. Permitted uses. The following permitted uses shall be allowed in the GB District: (1) Retail store or shop. (2) Business office or office building, studio or agency, such as insurance or…

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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