3962 Portland St Coplay, PA 18037-2224
- Warehouses
- 43,305 SF
- 2.17 lot acres
Feb 01, 2025
Current Use by Public Records
- Warehouses
Property Details for 3962 Portland St
- Year built
- 1920
- Lot size
- 2.17 lot acres
- Property size
- 43,305 SF
- Zone code
- ME-I
- Property type
- Warehouses
- APN
- 547984239779-1
- APU
- 5479842397791
Description
This exceptional investment opportunity presents a 43,135-square-foot industrial warehouse located at 3962 Portland St, Coplay, Pennsylvania, 18037. The property, built in 1920 and extensively renovated in 2024, sits on a 2.1-acre lot and is zoned ME/I (Mineral Extraction/General Industrial). The single-building warehouse boasts three loading docks and three dock-high doors, facilitating efficient operations. The interior features a 16-foot ceiling height, providing ample storage and operational space. Currently owner-occupied, this Class C warehouse is offered for sale with a leaseback agreement in place. The sale includes a new 15-year absolute NNN lease, providing a secure and predictable income stream for the buyer. The asking price is $3,200,000, representing an attractive 8.00% capitalization rate. This presents a compelling opportunity for investors seeking a stable, long-term investment in a well-maintained industrial property with a strong tenant in place. The property's strategic location in Lehigh County, Pennsylvania, offers convenient access to major transportation routes and a robust industrial market. The leaseback structure minimizes vacancy risk and provides immediate cash flow. This is a rare opportunity to acquire a high-quality industrial asset with a significant return on investment.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Coplay
- County
- Lehigh
- State
- Pennsylvania
- Longitude
- -75.5515
- Latitude
- 40.6696
- CBSA code
- 10900
- CBSA name
- ALLENTOWN-BETHLEHEM-EASTON, PA-NJ METROPOLITAN STATISTICAL AREA
