BRAND NEW 30 Unit Brand New Construction

Bethlehem

$535,680 Gross, $465,900 Net, 7.16% Cap Rate at $6.5mm Asking Price.  These numbers are based on full occupancy and include $5k for management and $5k for maintenance. 18 two-bedroom (1 handicapped), 18 one-bedroom (1 handicapped). 50% Occupied.  Tenants pay all utilities including sewer and water.

840 E Lancaster Ave

$1.3MM GROSS, $1.04MM NET, 6% CAP. Offering 2 "CLASS A" retail/office buildings totaling 32,000 SF on 1.8 acres located at a 4-way traffic light intersection with over 40K in daily vehicle count, featuring, 1000FT of Philadelphia Main Line frontage, 50 ground level parking spaces & an 80-car underground garage. Taking 10 yrs to complete & revered as a modern-day Taj Mahal, this project is estimated to cost over 25MM to construct & was forged by the owner purchasing 8 parcels to build unparalleled curb appeal. With the primary purpose of catering to the luxury demographic of Philadelphia’s elite, this asset was built by expert craftsmen from across the world using only the best materials. The 1st building (20KSF) features high-class restaurant & retail/office space with PA's 2nd largest 25,000 bottle wine cellar/dining room. Upstairs has a 2nd high-class restaurant with retail/office/banquet space. The 2nd building (10KSF) has high-end medical/retail/office space. See attached media.

BRAND NEW Center City Allentown Office Building

Gross $127,400, $72,737 Net The property is currently 70% vacant, a hotel was going to be taking over the property but the deal fell through at the last minute. The property is located on Hamilton Street at the corner of North 6th Street. It is steps away from PPL Center, Marriott Renaissance Hotel and the Hamilton Street Business District, the commercial and cultural heart of the Lehigh Valley. The City of Allentown is an attractive, welcoming community, filled with activity and energy, offering employment, dining, arts, entertainment, shopping and residential opportunities. Over $500 million has been invested in downtown Allentown over the past 5 years. This is one of a handful of properties in the country that is located in a dual tax advantage zone such as this. Feinberg Real Estate Advisors, LLC is pleased to offer for sale 546-548 Hamilton Street, an approximately 24,473 SF, 5 story office building located in the heart of Allentown's revitalized core. The property is located in Allentown's Neighborhood Improvement Zone (NIZ) and the newly established Qualified Opportunity Zone. The property is across the street from Tower 6, City Center's newest 10 story commercial office building and one block from PPL Center, Allentown's premier sports and entertainment complex. A new community parking deck is located adjacent to the building. The property offers an opportunity for renovations and upgrades.

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Palmerton Bar and Restaurant

(ON MLS)

$715K GROSS, $163K NET, 16.3% CAP @ 1MM asking. Cash-flowing, turn-key, restaurant/bar plus single-family rental with scenic stream and plenty of parking in front/rear. This offering includes a $60K liquor license, two real estate parcels, the business enterprise, & all FF&E. With almost 2K confirmed Penndot daily traffic count and located at a 4-way traffic intersection, the buyer will inherit a successful hands-on/profitable ownership forged over a 15-year history. All efficient infrastructures in place including nitrous taps, updated POS, fully integrated tv and sound system, personalized tv's in booths, custom tongue and groove woodwork throughout & brand new outdoor sports/music bar and deck. The restaurant is profitable, inclusive of paying rents & wages to ownership. Financials are available & the business shows strong cash flow to cover the asking price debt service making this venture very bankable. Blue MNTN Ski Resort is 7 miles away - 300k/yr. Includes house next door.ome.

Click for 360 Tour: https://360mediapro.vr-360-tour.com/e/LDYBbigWCsg/e?hide_nadir=true&hidelive=true

Click for Video:  https://www.youtube.com/watch?v=sX3KIgDvGRM

15 Units (5 COMM & 10 RES) @ Traffic Light, Emmaus

$189k Gross, $155,180 Net with a 9.4% Cap Rate at $1,750,000 Asking Price. Three buildings catty-corner together in Emmaus.  Fully occupied, long leases with low rents that can easily be increased to bring raise cap rate significantly.  The owner is highly motivated.  

CITGO - 5243 Milford Road, East Stroudsburg PA (ON MLS)

$650,000.00

$12K/MONTH Projected Gross, $9.6K/MONTH Projected Net with 9.1% Projected Cap rate @ $650k Asking Price. This is a well-established turnkey business featuring multiple streams of income that is ready for the next owner. Convenience store, 1 bay garage & THREE (3), ONE (1) bedroom APARTMENTS on the 2nd floor. There are 2 gas pumps that are branded Citgo, these bring constant traffic to the pumps & the store. There is also a 2nd building that is 40x100 w/a long-standing tenant. Parking for up to 50 cars. Located on the heavily traveled Rt 209 next to Pocono Palace Resort, a year-round prime location. Located just 60 mins from NYC & 90 from Phili. Attractions bring millions of tourists, including, Great Wolf Ski Lodge & Indoor Water Park, Kalahari Resort, Camelback & Shawnee Ski Resorts, Mt. Airy Casino, & Crossings Outlet Store. Continue to operate as a Citgo, go unbranded or sign up with another company where they could invest in additional improvements in the property.

1043 E. Chew St. Allentown, PA

1.25MM @ 7.5% Cap

12 Units, CLASS A+, NOW WITH CLEAR CO, newly updated exterior, and newly renovated units! This is your opportunity to own a fully occupied property including 2 buildings on one deed with 6 units each, in the burgeoning Allentown market. $130,740 Gross (actual), $93,750 NET (actual), 7.5% CAP @ 1.25 MM asking. SEE DRONE VIDEO. Eight 2 bedroom units, four 1 bedroom units. 16 private parking spaces dedicated to rear units with street parking for front tenants. Updated interior, exposed brick, renovated kitchens, modern bathrooms. Long term tenants, solid leases. Property is being sold, "AS IS,“ however owners are currently renovating the exterior with a new facade, multiple units are being totally rehabbed, refinished common area with LED lighting and new doors, brand new landscaping and signage, new dividing walls on front porch, and owners are currently completing the city inspection, expected by 11/15/2019. Easily increase rents with no renovation by $100/unit to raise the gross to $155,400 and supercharge Net Income to $118,410 to attain a 9.5% Projected CAP.

Click Here For Drone Video https://www.youtube.com/watch?v=FzaBvMuc2hE&t=2s 

Commercial Space Poconos

2473 Rte 611

Asking Price $1,875,000 Owners just completed a 500K redesign of this 15,000SF, commercially zoned, free-standing building with 175 parking spaces located on massively-trafficked Route 611 with 5.76 acres seconds from Interstate Highway 80 with over 375 feet of frontage. This property can house almost any purpose, e.g., event/catering destination, car dealership, corporate center, office space, or return to its previous use as an extremely successful hotel/restaurant. 1st FL has a freshly painted & newly drywalled open floor plan, fully lined with windows & access to a commercial kitchen. Southside of the building has residential quarters & upstairs previously housed over 10 hotel rooms. PennDot averages 35K cars/day with NO OFFSEASON due to summer & winter family attractions, surrounded by 14 resorts. 60 mins from NYC & 90 from Phili. Attractions bring millions of tourists, including, Great Wolf Ski Lodge & Indoor Water Park, Kalahari Resort, Camelback Ski Resort, Mt. Airy Casino, & Crossings Outlet Store.

Click Here for 360 Tour:  https://360mediapro.vr-360-tour.com/e/LDYBbYKXdJY/e?hide_nadir=true&hidelive=true

Click Here for the Walk Through: https://www.youtube.com/watch?v=xeNDom71xr8&feature=youtu.be

Click Here for Drone Video:  https://www.youtube.com/watch?v=RPfWsISX52c&feature=youtu.be

Click Here for the MLS Listing: https://matrix.lvar-mls.com/matrix/shared/sppRPLLHr0Dd/2343611

For any of these properties, contact any of our teammates.