Property profile

306 W Main St Pen Argyl, PA 18072

FOR SALE
Assisted living facilities
Property ID
US73-2008657
10,610 SF 0.62 ac lot Built 1900
Entity Owned 3-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Assisted living facilities
Use group HOMES (RETIRED, NURSING)
Year built 1900
Total area 10,610 SF
Lot 0.62 ac (27,152 SF)
Zoning code IL
APN E8NE3A 3 3A 0625
UPID US73-2008657

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
  • Nursing Home Retirement Community
  • Nursing Home

Location

306 W Main St 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
$575k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$635k

Owner & transaction history

since 2022
Last sale
$695,000
4 recorded transactions
2023
Price N/A
2022
$695,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

IL · Pen Argyl, PA
Zoning description

Accessory uses. The following accessory uses shall be permitted in the IL District. (1) Customary accessory uses and structures. (2) Private garage or private parking area pursuant to the applicable provisions of § 108-2…

General category INDUSTRIAL
Top alternative use upside
Auto repair, garage $970,000 +186.1%
Retail stores $900,000 +164.6%
Restaurant $880,000 +158.3%

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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