Property profile

2902-2934 Mitchell Ave Allentown, PA 18103

OFF-MARKET
Assisted living facilities
Property ID
US73-0981450
54,693 SF 2.16 ac lot Built 1987
Entity Owned 4-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Assisted living facilities
Use group HOMES (RETIRED, NURSING)
Year built 1987
Total area 54,693 SF
Lot 2.16 ac (94,307 SF)
Zoning code B-3
APN 549584754124-1
UPID US73-0981450

Cap rate & NOI

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

Location

2902-2934 Mitchell Ave Allentown, PA 18103
Allentown metro Census 1501 ALLENTOWN-BETHLEHEM-EASTON, PA-NJ METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$7.12M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$7.08M

Owner & transaction history

since 2021
Last sale
$6.4M
7 recorded transactions
2021
$6.4M
2018
Price N/A
2014
Price N/A
2011
Price N/A
2009
Price N/A
2006
$5.5M
2006
$5.5M

Zoning & alternative use

B-3 · Allentown, PA
Zoning description

IG- or IM-zoned lots or on lots that were classified in the B-3 zoning district on the day before the effective date specified 10-11 CITY OF ALLENTOWN PA Zoning Ordinance Article 10 Signs 660-101 Signs in MX-C, MX-S, GX-…

General category COMMERCIAL
Top alternative use upside
Commercial (general) $8.0M +284.1%
Apartment house (5+ units) $7.3M +250.7%
Restaurant $7.3M +250.0%

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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