35 East Elizabeth Avenue $3,950,000

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    35 East Elizabeth Avenue Bethlehem City, PA 18018

    Under Agreement
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    • 0 Beds
    • 0 Baths
    • 39,196 sq. ft.
    • Multi-Family
    • MLS# 683843
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    Views: 61 Days On Site: 180

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    Property Details

    52-unit, mixed-use office building available at a prime North Bethlehem location. Diversified, long-term tenant base. 90% occupancy rate. Rents have not been raised in recent years despite considerable CapEx projects. Plethora of parking available for tenants. Major value add opportunity. 8% Cap Rate. Sales includes parking lots located at 1330 Chelsea Avenue (Parcel ID N6SE4A-12-11-0204) and 57 E Greenwich Street (Parcel ID N6SE4A-6-6-0204).

    • General Features
      • Year Built 1950
      • Total Taxes 59420.13
      • Subdivision Not in Development
      • Property Sub-Type Category Commercial
      • Subdivision1 Not in Development
      • County Northampton
      • Area Bethlehem-North
      • Bathrooms 0
    • Building Features
      • Construction Brick
      • Cooling Central AC
      • Square Footage 39196
      • Stories 5.0
    • Property Features
      • Acres 0.327
      • Sewer Public
      • Parking Paved Lot
      • Parking Spaces 150
      • Water Public
    • Schools
      • School District Bethlehem

    Contact

    Geri Trayanov

    Geri Trayanov

    Agent

    RS282315

    Coldwell Banker Heritage Emrick

    Cell: 908-727-4651

    Neighborhood

    18018 (Bethlehem City) Demographics

    38 Median Age
    5,903 Population Density (per sq. mile)
    37% College Educated
    $56,655 Estimated Median Income
    7,018 Estimated Total Home Owners
    6,215 Estimated Total Renters
    53% / 47% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    31,304 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $252,000 Median Sales Price
    29 Homes Sold
    40 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $3,950,000
        2/2/2022 4:12:24 PM Status Changed Source: Multiple Listing Service New Value: Under Agreement
        11/30/2021 9:12:00 PM New in Database Source: Multiple Listing Service New Value: $3,950,000

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        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.