Listed by EXP Realty, LLC
$649,900
701-703 North Jordan Street
Details
Property Type Business for Sale, Retail
Sub Type Apartment Building, Convenience Store
Square Footage 4,120
Units 5
Tenancy Multi
Pro-Forma Cap Rate 10.10%
Pro-Forma NOI $65,861
Class C
Year Built 1904
Buildings 2
Zoning B1/R
Investment Type Value Add
Ground Lease No
5-Unit Mixed-Use | Two Buildings on One Deed | Immediate Value-Add Upside
Investment highlights
- Two Buildings, One Deed - Two income-producing buildings under a single ownership structure, simplifying financing and management
- Five Income Streams - Bar/restaurant, mini mart, and three residential apartments provide diversified revenue with reduced single-tenant risk
- Value-Add Upside - Flexible lease structure allows a buyer to reset rents to market rate at closing
- Clean Slate Commercial - Commercial spaces delivered vacant, ready to re-lease or reposition at market rate
- Waterfront Proximity - Few blocks from the Allentown Waterfront development reshaping this corridor
- Strong Returns - $96,000 gross potential rent | 8.5% cap rate | $129,940 per unit
- Liquor License Opportunity - License does not convey, buyer can pursue independently to add value
- Motivated Seller - Family-owned for generations, owner retiring, priced to move at $649,900
Listing Contacts
Listed by EXP Realty, LLC
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--
Valuation Metrics
0
DSCR
--
Cap Rate
--
ROI
Map
Zoning
B-1/R MixedMixed UseLimited Business And Residential
View municipality zoning documents Upgrade to see the zone description and what's allowed on this property
Upgrade to search and view land use codes
View all 157 uses
View all 157 uses Last updated Apr 15, 2026 For deeper zoning details, reports are available at Zoneomics
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Name
License
Brokerage
Brokerage Phone
Brokerage Address
Is there information that looks off?
