Mixed-Use Investment

218 Delaware Ave Palmerton, PA 18071

218 Delaware Ave, Palmerton, PA, 18071
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FOR SALE FOR LEASE
Property Type:
Multi Tenant Office
Amount:
$759,000
Last Verified:
Oct 09, 2024

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Highlights


Description

The Daniel Perich Group of KW Commercial Real Estate is offering this mixed-use investment opportunity in Palmerton. The property features an 3-unit building, encompassing a 3,046 sq ft medical office space on the first floor and a 2 apartments above. Additionally, a detached building hosts 9 garage rentals, spanning 2,592 sq ft, which adds to the property’s versatility and income potential.

The commercial space, currently available for lease, includes central air conditioning, public water and sewer services, and is situated in the commercial downtown (CD) zoning district, allowing for a variety of business uses. This space is ideal for investors or owner-users looking for a multifaceted property that offers both commercial and residential income streams.

The Daniel Perich Group of KW Commercial Real Estate is excited to present a prime office leasing opportunity in Palmerton. This first-floor office space spans 3,046 square feet and is ideally suited for medical or professional use. It includes multiple exam rooms, a spacious waiting area, a reception desk, and is ADA compliant with a handicap accessible entrance and bathroom.

This office is perfect for healthcare providers or professional services looking for a turnkey solution in a vibrant community. The layout is designed to maximize workflow efficiency while providing a welcoming environment for clients and staff.

Located on Delaware Avenue, this property sits in the heart of Palmerton, benefiting from a high daily traffic count of 10,968 vehicles. The area is characterized by its vibrant community and accessibility, with ample on-street parking and additional 9 on-site parking spots, making it highly attractive for businesses and residents alike. The proximity to local amenities and major roads enhances its appeal, positioning it as a strategic investment in a growing area.


Year Built: 1930
Building Size: 6134sq ft
Building Class: C
Lot Size: 0.36 acres


Documents

Brochure - 218 Delaware Ave, Palmerton

Units for Lease

First Floor
Space Available: 3046 SF
Lease Type: Modified Gross

Price Per Sqft/Month: $10.00

Map of 218 Delaware Ave, Palmerton, PA, 18071

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.