257 E Central Avenue
Property Description
Turn-key mixed-use investment opportunity offered at $3.25 in the greater Lehigh Valley area. Situated on a high-visibility corner lot with strong traffic count. Five miles to the NJ/ route 80 highway. Great 1031 replacement property. This unique property on over 4 acres is a long-standing destination with multiple streams and significant upside potential. Currently owner operated and fully utilized, the site offers flexibility for investors, owner-users, or hospitality operators seeking scale and repositioning opportunities. Building one: Featuring 5988 sqft built in 2001 includes a well-established restaurant with seating for approximately 176 guests, a full commercial kitchen with extensive high- end equipment, large ADA compliant restrooms, and upper-level event space. The layout supports immediate operation while offering the ability to optimize efficiencies or increase rental income. Building two: Features 5867 sqft built 1900. Includes an ice cream shop, office space, a three-bedroom apartment, and additional flexible commercial areas that can be subdivided for added income. The property also benefits from multiple garage bays with storage. Equipment includes two nearly new Taylor soft-serve machines, commercial refrigeration, bakery capabilities, and complete dining setup. Also parking for 150+ vehicles and well-maintained FF&E. All buildings feature newer metal roofs, minimizing near- term capital expenses. With multiple revenue streams excellent access to surrounding towns and commuter routes, this is a rare opportunity to acquire a versatile, income producing assets with both immediate functionality and long-term upside. Additional acreage and rental income on adjacent parcels may also be available for sale, new listing price represents the additional 5 parcels.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $3,250,000 |
| No. of Units: | 5 |
| Year Built: | 2001 |
| Lot Size: | 11,855.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $650,000 |
| Property Website | Click Here |
| Number of Bedrooms: | 0 |
| Number of Bathrooms: | 0 |
ID: 3yd-LVARPA-776172
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