2304 S 5th St - Day Care Center FOR SALE


Allentown, PA 18103
$745,000 USD
484-519-4444
2304 S 5th St, Allentown, PA for Sale
$745,000 USD
Day Care Center - FOR SALE
1/29
null | Request Cap Rate

2304 S 5th St
Allentown, PA 18103


HIGHLIGHTS

  • Existing Daycare Use or Redevelopment Opportunity

OVERVIEW

This listing is for the sale of 2304 S 5th Street and includes 2321 S Alice Street. This listing of these two parcels provides several opportunities for use and development. 2304 S 5th Street offers three buildings on 1/3 of an acre just south of Emmaus Ave. The seller operated a daycare here for over 50 years & was truly a pillar of the community. Countless children from the community were provided an invaluable springboard for their early lives & the lives of their working families. The daycare operated continuously until '22 and all structures were permitted for daycare and related activities. Outdoor play space is located in the center of the parcel and a fence enclosure surrounds the property. The buildings include a 3,328 SF daycare on two levels, the original home offers 2,620 SF & the third building was used as a recreation building with 1,040 SF. 2321 S Alice Street is a flat parcel immediately across the S. East alley-way from 2304 S 5th. This tree lined property served the neighborhood and the daycare as an idyllic recreation space. The zoning for both parcels is RL – Low Density Residential providing the Buyer an option to make use of the property for daycare operations or consider residential development. Daycare business owners and savvy investors will see the potential and value in this sale. The 3 structures need varying amounts of renovation and the permitted daycare use is invaluable to a new owner or for a daycare business as a tenant.

FOR SALE DETAILS

PRICE

$745,000 USD

PRICE/SF

$107 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

DAYCARE or REDEVELOPMENT OPPORTUNITY

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Day Care Center

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1971

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

CROSS STREETS

W Emaus Ave

LAND ACRES

0.87 AC

LAND SF

37,897 SF

ZONING

R-L

APN/PARCEL ID

640650692771-1,640651709707-1

ASK ABOUT THIS PROPERTY

Peter AdamsBerkshire Hathaway Fox & Roach - MacungieMore Info
484-519-4444

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Peter AdamsBerkshire Hathaway Fox & Roach - MacungieMore Info
484-519-4444

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.