580 Coal St, Lehighton, PA 18235

$1,550,000
11,700
SqFt

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List Price
$1,550,000
MLS#
784486
Status
ACTIVE
City
Lehighton
Area
Lehighton
County
Carbon
Neighborhood
Not In Development
Living Area
11,700
Lot Size
50,529
Year Built
1945

Property Description

Incredible investment to acquire a premier commercial property located in one of the community's finest, most prestigious buildings. Commandingly situated on a highly visible corner lot, this property offers exceptional accessibility with an abundance of both off-street and dedicated on-street parking. Spanning a total of 11,700 square feet of fully leased space, the property features a stable, diversified income stream from two established tenants occupying 7,900 square feet and 3,800 square feet respectively. Interestingly this tenant utilizing 7,900 sq ft space has been a tenant for 22 years. Generating a robust gross rental income of $141,600 per year, this low-maintenance asset represents a turn key addition to any portfolio. Operating expenses include taxes, insurance, maintenance, and utility costs are only $18,784, providing immediate cash flow of $122,816.00 per year. Unmatched location, superior asset quality, and immediate cash flow make this a rare find. Schedule your private tour today.

Additional Information

Acres
1.16
Cooling
Central Air
Living Area
11,700
Lot Size
50,529
Parking Spaces
30
Region
Lehighton
School District
Lehighton
Sewer
Public Sewer
Stories
1
Taxes
$11,417
Utilities
Cable Available
Zoning
Comm

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