A L L E N T O W N
811 N 7TH ST. ALLENTOWN, PA Great opportunity to own a cash flowing property
L A U D R O M A T
( P R O P E R T Y / B U S I N E S S )
Price: $1.6MM
Gross: $304,000 Net: $200,652 Cap: 12.5%
360 Virtual Tour
Interior/Exterior Photography
Aerial Video
**CLICK HERE FOR PHOTOS**
We’re a full-service cinematic agency, deployed around the Lehigh Valley at a moment’s notice to transform brand and business directives into compelling film work. We’re passionate about taking projects from start to finish, or plugging into any aspect of production as needed for clients of all sizes. We specialize in real estate photography.
484.767.4213 www.360mediapro.com
360mediapros@gmail.com
Property Details
KEY LOCATION THIS LAUNDROMAT ATTRACTS OVER 24,775 CUSTOMERS WITHIN A 15 MINUTE WALKING RADIUS. EVERYTHING IS BRAND NEW INCLUDING THE BUILDING AND ALL OF THE EQUIPMENT.
811 N 7TH ST. ALLENTOWN, PA OFFERED AT $1.6MM
Features and Amenities Like NEW Building FAR .87 Land Acres .15
Natural Light Business Space in back
Property Facts Condominium Built In 1928/2017 5,824 SF 1 Story Retail Class C
FINANCIALS
LOCATION - ALLENTOWN
PUBLISHING Final product have reach your customers.
THE LEHIGH VALLEY INVESTMENT MARKET AREA
BALANCED, DIVERSE & GROWING The Lehigh Valley’s gross domestic product (GDP) reached a record-high $41.2 billion* for 2018, growing by 2.7% from the previous year. *This figure excludes government spending, which adds $3.8 billion for a total of $45 billion.
The private sector input of Lehigh Valley GDP of $41.2 billion is higher than that of the entire states of Wyoming and Vermont, and if the Lehigh Valley were a country, it’s economy would be the 90th largest in the world.
MULTI-FACETED ECONOMY Finance, Insurance and Real Estate ($7.6 billion, +4.26% year-over-year) Manufacturing ($7.4 billion, +10.4%) Education, Health Care and Social Assistance ($5.5 billion, +4.63%) Professional Services ($5.2 billion, +2.52%) Retail ($2.4 billion, +1.4%) Transportation and Warehousing ($2.1 billion, 8.8%) Information: $2.1 billion (+10.5%) Construction: $1.8 billion (not reported in 2017) Arts, Entertainment, Accommodation & Food Services: $1.7 billion (no change)
*THESE GDP FIGURES DERIVE FROM THE BUREAU OF ECONOMIC ANALYSIS (BEA)
THE NUMBERS
TOP 10
YEAR 2019
#1
Lehigh Valley ranked among the
Lehigh Valley also was rated as the
top 10 markets for homebuyers
number-one market in the country
between the ages of 18 and 35 in
for improved homebuying
the Q3 2019 Generational
affordability in the last 12 months,
Propensity Report.
according to realtor.com’s Q3 2019 Affordability Report.
$41.2B
65TH
“The Lehigh Valley is continuing its
90 minutes west of New York City
largest period of economic growth
and 60 minutes north of
since the early 20th Century,” said
Philadelphia, is the 65th largest
Don Cunningham, President & CEO
metropolitan region in the United
of the Lehigh Valley Economic
States and the best performing
Development
region of its size for economic
Corporation (LVEDC).
development in the Northeastern US for the past three years.
Contact Us Anytime! Cell: 215.317.1177 Office: 888.397.7352