22 South 2nd Street

22 South 2nd Street

Emmaus, PA 18049

$1,800,000
Price
—
Beds
18,546 Sq. Ft.
$97 / Sq. Ft.
18,546
Sq. Ft.
$97
per Sq. Ft.
a front view of a building
a living room with furniture and a flat screen tv
a living room with furniture and a large window
a very nice looking kitchen with a large window
a kitchen with lots of counter top space
a room with furniture and a window
a view of a workspace with furniture and a window
a en suite bathroom with a sink and a large mirror
a bedroom with furniture and a window
a view of a walk in closet
a room with stainless steel appliances a refrigerator and a chair

Description

This property is an ideal opportunity for an investor or owner-occupant. This exceptional office building is located in the heart of Emmaus, PA just a few minutes from I-78. The property is currently 100% leased, with $134,768 in net operating income (7.49% cap rate). The building has an exceptionally stylish interior design, plenty of public and private parking, elevator access, recently upgraded private restrooms, and three floors of flex space. The first floor features a beautifully designed lobby...This property is an ideal opportunity for an investor or owner-occupant. This exceptional office building is located in the heart of Emmaus, PA just a few minutes from I-78. The property is currently 100% leased, with $134,768 in net operating income (7.49% cap rate). The building has an exceptionally stylish interior design, plenty of public and private parking, elevator access, recently upgraded private restrooms, and three floors of flex space. The first floor features a beautifully designed lobby area, 4000 square feet of office space including numerous private offices, open space for cubicles, an elegant conference room, private meeting room, and a very large break room that leads to a gorgeous outside patio. The second floor offers over 5,000 square feet of space, including numerous private offices, several conference rooms, and open space for cubicles. Third floor is a stunning 4,000+ square feet with wood beam ceilings, a reception area, numerous private offices, conference rooms, and open space for cubicles. The building is well maintained and in excellent condition and offers ease of access with an elevator that serves all three floors plus the basement. Four Parcels are included in the sale - 22 S 2nd St, 28 S 2nd St and Rear, 176 Main St Rear.
  1. Listed by Douglas C. Sandlin • Keller Williams Real Estate
  2. Listed by James J. Balliet • Keller Williams Real Estate

Property Details for 22 South 2nd Street

Area
Emmaus
Sub division
Not in Development

Location

Listing Courtesy of Keller Williams Real Estate
Add your commute
LISTING UPDATED: 12/05/2023 03:48 PM

Property Details for 22 South 2nd Street

StatusAvailable
MLS #728127
Days on Market146
Taxes$41,772 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Commercial
Year Built1885
Lot Size0.29 AC / 12,502 SF
CountyLehigh County

Location

Listing Courtesy of Keller Williams Real Estate
Add your commute

Building Information for 22 South 2nd Street

Stories3Residences6Year Built1885Building Size-Lot Size0.29 AC / 12,502 SF

Payment Calculator

$13,304 per month

30 year fixed, 7.25% Interest

Principal and Interest

$9,823

Property Taxes

$3,481

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 22 South 2nd Street

Summary
Location and General Information
  • Directions: South on Chestnut St; Left on 2nd St. Property will be on right.
  • School District: East Penn
Parking
  • Parking: Paved Lot
  • ParkingSpaces: 31
Taxes and HOA Information
  • Association: Lehigh Valley MLS
  • County Taxes: $4,914.00
  • Lawn Snow Removal: $10,295
  • Maintenance Repair: $7,756
  • Management: 0
  • Municipal Taxes: $10,636.60
  • School Taxes: $26,221.00
  • Total Taxes: $41,771.60
Property
Lot Information
  • Acres: 0.287
  • APN: 549476036856 001
  • Lot Dimensions: 103x132
  • Lot Size Source: Tax Records
  • Zoning Code: BC
Property and Assessments
  • County Assessment: $1,300,000.00
  • Property SubType Category: Commercial
  • Square Footage Source: Tax Records
  • Adult Comm 55 Over: No
Utilities
  • Cooling: Central AC
  • Electric: 0
  • Gas: $21,428
  • Sewer: Public
  • Water: Public
  • Water Sewer: 811
Interior and Exterior Features
Exterior Features
  • Construction: Brick
Interior Features
  • Heat: $0
  • Heat Type: Gas
Multi Family
Multi-Family Information
  • Gross Income: $230,952.00
  • Insurance: $3,733
  • Net Income: $134,768.00
  • Operating Expense: $96,184
  • Other Expenses: $13,128
  • Trash Removal: 2692
  • Total Unit Count: 0
  • Total Units: 6

Property History for 22 South 2nd Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 22 South 2nd Street

This home is within East Penn School District.
Rating
School
Type
Grades
Distance
Lincoln El School
Public - K to 5
Lower Macungie Middle School
Public - 6 to 8
Emmaus High School
Public - 9 to 12
St Ann Elementary School
Private - PK to 8
Rating
School
Distance
Lincoln El School
PublicK to 5

Lower Macungie Middle School
Public6 to 8

Emmaus High School
Public9 to 12

St Ann Elementary School
PrivatePK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 22 South 2nd Street, Emmaus, PA 18049

22 South 2nd Street is a multi-family home for sale in Emmaus, PA 18049. This property was listed for sale on December 5, 2023 by Keller Williams Real Estate, it's currently listed at $1,800,000. This listing's school district is East Penn School District. Nearby schools include Lincoln El School, Lower Macungie Middle School and Emmaus High School. 22 South 2nd Street is a 0-bed, 0-bath, 18,546 sqft multi-family home built in 1885.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Real Estate

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.