Bethlehem, PA 18018,216 E BROAD ST
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Bethlehem, PA 18018,216 E BROAD ST
Bethlehem, PA 18018,216 E BROAD ST
Bethlehem, PA 18018,216 E BROAD ST
Bethlehem, PA 18018,216 E BROAD ST

$640,000

Est. payment /mo

$699,000

8.4%
Est.Price: ?

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216 E BROAD ST Bethlehem, PA 18018

4,798 SqFt

SOLD DATE : 01/14/2022

Key Details

Sold Price $640,000

Property Type Commercial

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

Square Footage 4,798 sqft

Price per Sqft $133

MLS Listing ID PANH2000676

Sold Date 01/14/22

Originating Board BRIGHT

Year Built 1930

Annual Tax Amount $5,553

Tax Year 2021

Lot Size 5,700 Sqft

Acres 0.13

Lot Dimensions 0.00 x 0.00

Property Description

Less than 1/2 block from the new luxury apartments and upscale grocer being built at 250 E Broad, this four unit in North Bethlehem (1 Commercial & 3 Residential) plus 3 car garage already provides a nice return. First floor approx 2,300 sq ft restaurant w/hardwood floors, 2 dining areas plus party room & waiting area. 2 restrooms. Upper levels include One 2 bedroom recently updated unit & Two 1 bedroom units. Separate utilities, except water/sewer which owner splits w/commercial unit. New Gas HVAC for first floor & new baseboard electric heat for the 3 residential units. 4 new hot water heaters & 5 new electric panel boxes (1 for owner lights). Roof (2014). Current rental COs with resale CO to be provided by owner. Check with City of Bethlehem for the various commercial uses and opportunity zone benefits. Cap rate at listing price just under 7%. Raising rents to market rates can bringscap rate to 10%. Great time to own in this part of North Bethlehem. Zoned: CG-GENERAL COMMERCIAL

Location

State PA

County Northampton

Area Bethlehem City (12404)

Zoning CG

Interior

Hot Water Multi-tank

Heating Baseboard - Electric, Forced Air

Cooling Ceiling Fan(s), Central A/C, Window Unit(s)

Heat Source Electric, Natural Gas

Exterior

Garage Spaces 8.0

Utilities Available Electric Available, Natural Gas Available, Water Available

Water Access N

Accessibility Ramp - Main Level

Total Parking Spaces 8

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Bethlehem Area

Others

Tax ID P6NE1C-16-4-0204

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Carmela Wilson • Howard Hanna The Frederick Group
Bought with Non Member • Non Subscribing Office

Kerry O'Hara

Advisor | License ID: 651712

+1(410) 507-0834

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