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$ 7,000,000
Est. payment | /mo
13,170 SqFt
$ 7,000,000
Est. payment | /mo
13,170 SqFt
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 13,170 sqft
Price per Sqft $531
MLS Listing ID 773575
Construction Status Unknown
HOA Y/N No
Year Built 1980
Annual Tax Amount $23,016
Lot Size 7.480 Acres
Acres 7.48
Property Sub-Type Commercial
Property Description
COMMERCIAL CONDO opportunity FOR DEVELOPMENT. 3. 2+ acres sites for development. Stand-alone building On 7.48 acres. 13,000 SQ Ft. with 180 Parking spots. Single floor plan with public water and sewer. Outstanding location with access to all major highways and shopping centers. Ideal for restaurants, conference centers, retail and medical facilities. Choice Hotels International approved site. Seller will consider an offer AND a partner..$ 48,000,000.00 pre construction sale for Cap Rate 6% Value . After construction is $53,284,688 immediate equity is $5,284,688 on the pre-sale.
Sale Highlights ***Brand New Hotel construction with banquet facilities, two restaurants, and retail shops on the first floor, operating when completed, 300 parking spaces, rose garden with gazebo.
Guaranteed with a 7-year lease with option to buy.
Sale Highlights ***Brand New Hotel construction with banquet facilities, two restaurants, and retail shops on the first floor, operating when completed, 300 parking spaces, rose garden with gazebo.
Guaranteed with a 7-year lease with option to buy.
Location
State PA
County Lehigh
Area Whitehall
Direction Route 145 North to 3665 Macarthur Rd. Property on right
Interior
Heating Electric
Cooling Central Air
Inclusions Real Estate Only
Fireplace No
Exterior
Water Access Desc Public
Roof Type Flat
Street Surface Asphalt
Road Frontage City Street
Building
Sewer Public Sewer
Water Public
Construction Status Unknown
Schools
School District Whitehall-Coplay
Others
Tax ID 548993615940-1
Special Listing Condition None
Listed by HowardHanna TheFrederickGroup