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701-703 N Jordan St 4,120 SF 100% Leased Retail Building Allentown, PA 18102 $879,430 CAD ($213.45 CAD/SF)
INVESTMENT HIGHLIGHTS
- Vital location as this property is in the heart of Allentown with high foot traffic.
- Building#1 2 Story Converted 1st Floor Store - Apartments Building#2 Bar/Tavern 1st Floor - Apartments above
- Property split of two commercial spaces and three residential spaces.
- Property also features a full built commercial kitchen.
EXECUTIVE SUMMARY
Introducing 701 N Jordan St, Allentown, PA 18102 - An Exceptional Investment Opportunity! This remarkable property offers the perfect blend of commercial and residential spaces, presenting a unique chance for savvy investors. Boasting a prime location in the heart of Allentown, this 5-unit building showcases a store, bar, and three spacious apartments, ensuring a diverse and lucrative income potential. Investors, entrepreneurs, and real estate enthusiasts, don't miss out on this incredible chance to acquire a versatile property that offers multiple streams of income. Embrace the potential for significant returns and become a part of Allentown's thriving business and residential landscape. Act now and seize this rare opportunity! **DO NOT SHOW UP AT THE PROPERTY WITHOUT APPOINTMENT**
FINANCIAL SUMMARY (ACTUAL - 2023) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$42,380
|
$10.29
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$42,380
|
$10.29
|
| Taxes |
$10,950
|
$2.66
|
| Operating Expenses |
$8,648
|
$2.10
|
| Total Expenses |
$19,597
|
$4.76
|
| Net Operating Income |
$22,783
|
$5.53
|
FINANCIAL SUMMARY (ACTUAL - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $42,380 |
| Annual Per SF | $10.29 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $42,380 |
| Annual Per SF | $10.29 |
| Taxes (CAD) | |
|---|---|
| Annual | $10,950 |
| Annual Per SF | $2.66 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $8,648 |
| Annual Per SF | $2.10 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $19,597 |
| Annual Per SF | $4.76 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $22,783 |
| Annual Per SF | $5.53 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
4,120 SF
Building Class
C
Year Built
1904
Price
$879,430 CAD
Price Per SF
$213.45 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.25
Lot Size
0.38 AC
Zoning
C - Zoning generally refers to commercial zoning, which allows for various business activities such as retail stores, offices, and services.
Frontage
Walk Score®
Very Walkable (76)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 640714779487-1 | Total Assessment | $348,849 CAD (2025) |
| Land Assessment | $14,941 CAD (2025) | Annual Taxes | $10,950 CAD ($2.66 CAD/SF) |
| Improvements Assessment | $333,908 CAD (2025) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
640714779487-1
Land Assessment
$14,941 CAD (2025)
Improvements Assessment
$333,908 CAD (2025)
Total Assessment
$348,849 CAD (2025)
Annual Taxes
$10,950 CAD ($2.66 CAD/SF)
Tax Year
2023
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701-703 N Jordan St
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