1070 Applebutter RdBethlehem, PA 18015

For Sale
$615,000

Prime Auto Repair Shop, High Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
94
Exceptional investment opportunity: a 3,792 square foot auto repair shop located at 1070 Applebutter Road, Bethlehem, Pennsylvania, 18015. This Class C, single-story building sits on a 15,900 square foot lot (APN: P7NE4A3 1 0204) and boasts ten garage bays, perfect for a variety of automotive uses. The property includes a detailing area and a garage facility. Currently, approximately 1,100 square feet of garage bays and office space are available for sublease. The building, constructed in 1959, is move-in ready and zoned RG. Financial highlights include an asking price of $615,000, a current cap rate of 10.50%, and a pro-forma cap rate of 11.61%. The Net Operating Income (NOI) is $71,420. The property's convenient location offers easy access to I-78 and Routes 378, 22, and 33, making it ideal for an auto garage or small contractor business. This owner-user investment presents a strong return on investment with significant upside potential.

Highlights

  • $615,000 asking price for this 3,792 square foot auto shop in Bethlehem, PA.
  • 10.5% cap rate, with a pro-forma cap rate of 11.61%.
  • $71,420 NOI (Net Operating Income).
  • Located at 1070 Applebutter Rd, Bethlehem, PA 18015, on a 15,900 square foot lot.
  • Features ten garage bays and is move-in ready.
  • Convenient access to I-78 and Routes 378, 22, and 33.

Property Details for 1070 Applebutter Rd

Property type
Other retail properties, Automotive properties
Square Feet
3,792 SF
Class
C
Year Built
1959
Buildings
1
Stories
1

Location Insight

City
Bethlehem
County
Northampton
State
Pennsylvania
Latitude
40.6165622
Longitude
-75.3295342
1070 Applebutter Rd, Bethlehem, Pennsylvania

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1070 Applebutter Rd
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