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Investors.. 10% CAP RATE. This is your opportunity to own this one of a kind investment opportunity, or expansion of your existing business in Bethlehem City This is a 3,792-SF free-standing commercial building, Low Taxes. Currently fully leased. Rents are $72K and operating expenses are $7K. NOI is $65K. Bays 1-2 is an auto detailer, Bays 3-5 is an auto mechanic,Bay 6-8 is auto mechanic. Bay 9 (double-wide) is auto body business. The building is situated on 0.37-acre. The Property includes 9 bays, ranging from 12'-14', three private offices and 2 restrooms(1 common/ 1 in bay 9) On-site parking for @30 vehicles. Front lot is paved. The sale comes with one existing Auto Lift. It is a Challenger 10,000lb VLE lift. Purchased and installed in 2020. The sale also comes with 1 commercial compressor. All bays have electronic garage openers Attached is the parking and bay/office layout. New roof unit and handler installed in Bay 9. (Improvements and additional info provided in attached docs)
Listed by Tara Y Barndt of Iron Valley Real Estate of Lehigh Valley

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