Property profile

753 Hanover Ave 763 Allentown, PA 18109

OFF-MARKET
Drive through restaurants
Property ID
US73-1514732
1,919 SF 0.27 ac lot Built 1971
Individually Owned 11-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1971
Total area 1,919 SF
Lot 0.27 ac (11,820 SF)
Zoning code B-3
APN 640785689347-1
UPID US73-1514732

Cap rate & NOI

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

Location

753 Hanover Ave, Unit 763 Allentown, PA 18109-2006
Allentown metro Census 102 ALLENTOWN-BETHLEHEM-EASTON, PA-NJ METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$290k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$290k

Owner & transaction history

since 2015
7 recorded transactions
2022
Price N/A
2021
Price N/A
2019
Price N/A
2018
Price N/A
2015
Price N/A
2011
Price N/A
1969
Price N/A

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

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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