LocationThis property portfolio is adjacent to a 75,000 square foot Luther Ridge Assisted Living Facility and the new 40 bed Nursing Home that was just constructed and began operating in July 2020. Facility is beautifully manicured and fully landscaped. This property is also next to a 22,000 square foot medical facility owned by Lehigh Hospital doctor group that leases to Lehigh Hospital for OB/GYN and women's care facility. Due to the county's statistically growing population and aging population, there is a shortage of/need for retirement housing and apartments. Sale10,000 square foot commercial building with Federal and State County Tenants! PA Conservation, Penn State University, USDA Federal Agriculture Center, Nature Resource Center are the Investment Grade Tenants with four years left on lease. Tenants desire to renew every 5 years. Gross revenue is approximately $13,000+/month with building appraised at $1,250,000. In addition to the 10,000 SFT building on 2.66 acres, property being sold includes an additional 4.6-Acre site that has already been subdivided into three individual 1.5-acre lots that are zoned commercial/medical with recorded and approved subdivision plans. These three lots are improved with public water, public sewer, natural gas, storm water plan and sed basin for storm water. Lots are immediately accessible from Matthew Drive, which is a paved road. Lots are ready for development, requiring only building application and tenants. 7.26 acres approx total land size. Property is adjacent to a 75,000 square foot Luther Ridge Assisted Living Facility and the new 40 bed Nursing Home that was just constructed and began operating in July 2020, and a 22,000 square foot medical facility owned by Lehigh Hospital OB/GYN facility. Strategic development opportunity for professional real estate investor. 18.24.0014 is the parcel ID for the 4.6 acres, 3 subdivided lots. 18-24-0115.000/18-24-0114.000 is parcel ID for the 10,000 SFT commercial county building on 2.63 acres. All documents and plans available upon request. MLS #PASK133724
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