502 Basin St, Unit 512 Allentown, PA 18103-3337
Property profile & analytics
502 Basin St, Unit 512 Allentown, PA 18103-3337
- Auto shops
- 9,040 SF
- 0.75 lot acres
Property ID
US73-1314478
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Stonewall Collision & Auto Painting / Auto Repair Shop
Property Details for 502 Basin St
- Year built
- 1979
- Lot size
- 0.75 lot acres
- Property size
- 9,040 SF
- Zone code
- B/LI
- Property type
- Auto shops
- APN
- 640648785598-1
- APU
- 6406487855981
Description
This exceptional investment opportunity presents a 9,745 square-foot auto shop located at 502 Basin St, Allentown, PA 18103. The property, built in 1979 and situated on a 0.75-acre lot, boasts a strong 6.57% cap rate and a substantial net operating income (NOI) of $138,010. Currently 100% occupied by Stonewall Collision, a reputable auto repair business with multiple locations, the property is under an absolute NNN lease with over 16.6 years remaining until June 29, 2041. The lease includes 2% annual rent bumps commencing in 2027 and a single 5-year renewal option. The asking price is $2,100,000, translating to a price per square foot of $215.50. The property benefits from a prime location, enjoying high traffic counts on Basin Road (24,609 VPD) and proximity to Highway 145 (15,975 VPD), as well as a thriving retail corridor featuring national brands like Wawa, Jiffy Lube, and McDonald's. The surrounding area showcases a strong demographic profile, with an average household income exceeding $77,000 within a five-mile radius. Furthermore, the property's proximity to Downtown Allentown (population 125,094) and Lehigh Valley International Airport (serving nearly one million passengers annually) enhances its appeal. This is a rare opportunity to acquire a stable, high-performing asset in a desirable location with significant long-term growth potential.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,490,000
- ML approach
- $2,395,000
-
Alternative Use
- Use
- Estimation
- AUTO REPAIR, GARAGE
- $1,720,000 Current use
- MEDICAL BUILDING
- $1,935,000 Change: +13% Conversion: Difficult
- RESTAURANT
- $1,755,000 Change: +2% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Allentown
- County
- Lehigh
- State
- Pennsylvania
- Longitude
- -75.4585
- Latitude
- 40.5977
- CBSA code
- 10900
- CBSA name
- ALLENTOWN-BETHLEHEM-EASTON, PA-NJ METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$15,509
$60,200
$404,900
$465,100
-
$60,200
$404,900
$465,100
