2312 S 5th Street, Allentown, PA 18103
$680,000
Property Type:
Commercial Sale
Square Footage:
11,685
Lot Size (sq. ft.):
574,948,440
Status:
Closed
Current Price:
$680,000
List Date:
3/15/2025
Last Modified:
8/15/2025
Description
36 unit climate controlled self storage facility plus 3 apartments above at an 8.28% cap rate with lots of room for growth in rents. Located on a quiet street of Allentown and right off the bustling 4th street that's full of every retailer. New flat rubber roof over the storage completed 3 years ago. All apartments pay their own heat and cooking utilities. LL pays for water, sewer, insurance and taxes. Call for full financials. Seller is motivated to get this one sold and move onto a bigger facility
More Information MLS# PM-130409
Contract Information
Rent Control YN: No
Listing Service: Full Service
Lease Considered YN: No
Property Sub Type: Mixed Use
Sold Price: $680,000
Current Price: $680,000
Status: Closed
Listing Contract Date: 2025-02-15
Location, Tax, and Legal
Parcel Number: 640651803000 001
Municipality: Allentown City
County Tax Amount: 1158.57
Municipal Tax Amount: 2500.33
School Tax Amount: 6940.14
Tax Annual Amount: 10599
Tax Assessed Value: 306500
Tax Year: 2024
Zoning Description: Residential
General Property Information
Above Grade Finished Area: 11685
Building Area Source: Public Records
Stories: 3
Number Of Buildings: 1
Year Built Source: Estimated
Garage YN: No
Business Name: TBG Storage - Allentown
Carport YN: No
Open Parking YN: Yes
Open Parking Spaces: 4
Lot Size Acres: 13199
Water Body Access YN: No
List Price/SqFt: 59.48
Sold Price/SqFt: 58.19
Building Area Total: 11685
Year Built: 1900
Currently Not Used
Number Of Units Total: 39
Remarks and Miscellaneous
Public Remarks: 36 unit climate controlled self storage facility plus 3 apartments above at an 8.28% cap rate with lots of room for growth in rents. Located on a quiet street of Allentown and right off the bustling 4th street that's full of every retailer. New flat rubber roof over the storage completed 3 years ago. All apartments pay their own heat and cooking utilities. LL pays for water, sewer, insurance and taxes. Call for full financials. Seller is motivated to get this one sold and move onto a bigger facility
Exclusions: TBG Storage name, phone number, website and all intellectual property is not included.
Unit Details
Number Of Units Leased: 39
Business Type
Storage: 1
Income and Expenses
Gross Income: 91584
Net Operating Income: 63324
Cap Rate: 8.27
Special Listing Conditions
Standard: 1
Listing Terms
Cash: 1
Conventional: 1
Owner Pays
Water: 1
Sewer: 1
Insurance: 1
Taxes: 1
Roof Maintenance: 1
Repairs: 1
Snow Removal: 1
Tenant Pays
Electricity: 1
Trash Collection: 1
Income Includes
Rent Only: 1
Financial Data Source
Owner: 1
Possession
Close Of Escrow: 1
Structure Type
Warehouse: 1
Mixed Use: 1
Current Use
Commercial: 1
Mixed Use: 1
Property Condition
Updated/Remodeled: 1
Building Features
Turnkey Operations: 1
Basement
Unfinished: 1
Roof
Rubber: 1
Shingle: 1
Flat: 1
Cooling
Central Air: 1
Window Unit(s): 1
Heating
Baseboard: 1
Electric: 1
Natural Gas: 1
Water Heater
Electric: 1
Water Source
Public: 1
Sewer
Public Sewer: 1
Utilities
Natural Gas Connected: 1
Meter Information
Number Of Separate Electric Meters: 4
Parking Features
Parking Lot: 1
On Site: 1
Road Frontage Type
Road Frontage Length: 80
Water Body View
No: 1
Location Tax and Legal
County: Lehigh
Street Number: 2312
Street Direction Prefix: S
Street Name: 5th
Street Suffix: Street
City (Post Office): Allentown
State: PA
Postal Code: 18103
Subdivision Name: None
Status Change Information
Price Change Timestamp: 2025-05-12T16:12:00Z
Purchase Contract Date: 2025-06-09
Close Date: 2025-08-15
Close Price: 680000
Property Features
Special Listing Conditions: Standard
Listing Terms: Cash; Conventional
Owner Pays: Water; Sewer; Insurance; Taxes; Roof Maintenance; Repairs; Snow Removal
Tenant Pays: Electricity; Trash Collection
Income Includes: Rent Only
Financial Data Source: Owner
Possession: Close Of Escrow
Structure Type: Warehouse; Mixed Use
Current Use: Commercial; Mixed Use
Business Type: Storage
Property Condition: Updated/Remodeled
Building Features: Turnkey Operations
Basement: Unfinished
Roof: Rubber; Shingle; Flat
Cooling: Central Air; Window Unit(s)
Heating: Baseboard; Electric; Natural Gas
Water Heater: Electric
Water Source: Public
Sewer: Public Sewer
Utilities: Natural Gas Connected
Parking Features: Parking Lot; On Site
Water Body View: No
Listing Office: KW Commercial - Blue Bell
Last Updated: August - 15 - 2025
Information deemed reliable but not guaranteed.