Mixed Use For Sale - 580 COAL ST, LEHIGHTON, PA 18235

Explore this Property

Incredible investment to acquire a premier commercial property located in one of the community's finest, most prestigious buildings. Commandingly situated on a highly visible corner lot, this property offers exceptional accessibility with an abundance of both off-street and dedicated on-street parking. Spanning a total of 11,700 square feet of fully leased space, the property features a stable, diversified income stream from two established tenants occupying 7,900 square feet and 3,800 square feet respectively. Interestingly this tenant utilizing 7,900 sq ft space has been a tenant for 22 years. Generating a robust gross rental income of $141,600 per year, this low-maintenance asset represents a turn key addition to any portfolio. Operating expenses include taxes, insurance, maintenance, and utility costs are only $18,784, providing immediate cash flow of $122,816.00 per year. Unmatched location, superior asset quality, and immediate cash flow make this a rare find. Schedule your private tour today.

MLS# PACC2008174

Gene Durigan Real Estate - Lehighton

Active For Sale Commercial

$1,490,000

Mixed Use

1945 Year built

6 days on market

Property Features

Type

CRE

Acres

1.16

Style

Other

Cooling

Central A/C

Heating

90% Forced Air

Lot Size

264 x 189.9

Sub Type

MixedUse

Year Built

1945

Foundation

Slab

Sub Type Text

Mixed Use

Construction

Block,Concrete

Accessibility

Doors - Swing In,Level Entry - Main

Lot Description

Corner,Cleared,Not In Development

Lot Size Area Units

Square Feet

Maintenance Expense

750

Location

Directions: Rt 209/N 1st St, Lehighton, Right on Coal Street, continue to 6th & Coal St. Property on Right.

Market Area: Lehighton Boro (13412)

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