AIRPORT RD WRHSE/OFF/ RETAIL · 2020-02-13 · AIRPORT RD WRHSE/OFF/ RETAIL 1020 AIRPORT ROAD ALLENTOWN, PA 18109 Joseph Genay, CCIM, LEED-AP Senior Advisor 484.245.1031 [email protected]

AIRPORT RDWRHSE/OFF/RETAIL1020 AIRPORT ROADALLENTOWN, PA 18109

Joseph Genay, CCIM, LEED-APSenior [email protected]

SVN | IMPERIAL REALTY | 1611 POND ROAD, SUITE 200, ALLENTOWN, PA 18104 OFFERING MEMORANDUM

PROPERTY INFORMATION 1Property Summary

Property Description

Complete Highlights

Additional Photos

LOCATION INFORMATION 2Site Plan

Regional Map

Location Maps

Aerial Map

ADVISOR BIOS 3Advisor Bio & Contact 1

OFFERING MEMORANDUMAIRPORT RD WRHSE/OFF/RETAIL | 1020 AIRPORT ROAD, ALLENTOWN, PA 18109

1 PROPERTYINFORMATION

1020 Airport RoadAllentown, PA 18109

AIRPORT RD WRHSE/OFF/RETAIL | 1020 AIRPORT ROAD ALLENTOWN, PA 18109 SVN | Imperial Realty | Page 3

OFFERING SUMMARY

Sale Price: $695,000

Lot Size: 1.05 Acres (45,731.7 SF)

Year Built: 2018 (renov.)

Building Size: 10,928 SF

Renovated: 2017

Zoning: Commercial (B3)

Market: Airport Road Retail

Price / SF: $62.22

This is a 10,848 SF, existing office/warehouse that can be adapted to many commercial/industrial uses including retail,showroom, warehouse, office. Offering over 9,238 SF on the first floor of open span construction that can be adaptable toa myriad of uses. The site offers 35 paved parking spaces plus plenty of overflow parking. Over One Acre in Land Area.The adjoining lot with the Billboard is being sold with the property at 1020 Airp

PROPERTY OVERVIEW

PROPERTY HIGHLIGHTS

• 10,928 SF with 9,238 SF on the first floor.

• Can be adaptable to many uses including retail, showroom, warehouse, office, Medical Office.

• The Highway Commercial Zoning District is the most liberal in the Lehigh Valley!

• The property has two drive-in doors and two loading docks.

• Sits on Airport Road just south of Rte. 22.

• Is located in the middle of the Lehigh Valley's 821,000 plus residents!

• Includes the adjoining lot next to Airport Road (at 1032 E. Hedge St)

Property Summary

AIRPORT RD WRHSE/OFF/RETAIL | 1020 AIRPORT ROAD ALLENTOWN, PA 18109 SVN | Imperial Realty | Page 4The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

AIRPORT RD WRHSE/OFF/RETAIL | 1020 AIRPORT ROAD ALLENTOWN, PA 18109 SVN | Imperial Realty | Page 5The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

This is a 10,848 SF, existing office/warehouse that can be adapted to many commercial/industrial usesincluding retail, showroom, warehouse, office. Offering over 9,238 SF on the first floor of open spanconstruction that can be adaptable to a myriad of uses. The site offers 35 paved parking spaces plusplenty of overflow parking.

PROPERTY OVERVIEW

It is located in a highway commercial zone and is adjacent to a light industrial district. Strategically locatedin the center of the Lehigh Valley approximately two miles south from Route 22

Real Estate TaxesFor 1020 Airport Road (A/K/A 1027 N Irving St) the real estate taxes are $15,446.10 and for 930 E Hedge St

(the location of the billboard) the real estate taxes are $347.12. The total real estate taxes for bothproperties: $15,793.22

LOCATION OVERVIEW

Property Description

AIRPORT RD WRHSE/OFF/RETAIL | 1020 AIRPORT ROAD ALLENTOWN, PA 18109 SVN | Imperial Realty | Page 6The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

SALE HIGHLIGHTS

• 10,848 SF with 9,238 SF on the first floor.

• Can be adaptable to many uses including retail, showroom, warehouse, office,

Medical Office.

• The Highway Commercial Zoning District is the most liberal in the Lehigh Valley!

• The property has two drive-in doors and two loading docks.

• Sits on Airport Road just south of Rte. 22.

• Is located in the middle of the Lehigh Valley's 821,000 plus residents!

Complete Highlights

AIRPORT RD WRHSE/OFF/RETAIL | 1020 AIRPORT ROAD ALLENTOWN, PA 18109 SVN | Imperial Realty | Page 7The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

Additional Photos

2 LOCATIONINFORMATION

1020 Airport RoadAllentown, PA 18109

AIRPORT RD WRHSE/OFF/RETAIL | 1020 AIRPORT ROAD ALLENTOWN, PA 18109 SVN | Imperial Realty | Page 8

AIRPORT RD WRHSE/OFF/RETAIL | 1020 AIRPORT ROAD ALLENTOWN, PA 18109 SVN | Imperial Realty | Page 9The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

Site Plan

AIRPORT RD WRHSE/OFF/RETAIL | 1020 AIRPORT ROAD ALLENTOWN, PA 18109 SVN | Imperial Realty | Page 10The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

Airport Rd Wrhse/Off/Retail

Regional Map

AIRPORT RD WRHSE/OFF/RETAIL | 1020 AIRPORT ROAD ALLENTOWN, PA 18109 SVN | Imperial Realty | Page 11The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

Location Maps

AIRPORT RD WRHSE/OFF/RETAIL | 1020 AIRPORT ROAD ALLENTOWN, PA 18109 SVN | Imperial Realty | Page 12The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

Airport Rd Wrhse/Off/Retail

Aerial Map

3 ADVISOR BIOS1020 Airport Road

Allentown, PA 18109

AIRPORT RD WRHSE/OFF/RETAIL | 1020 AIRPORT ROAD ALLENTOWN, PA 18109 SVN | Imperial Realty | Page 13

1611 Pond Road, Suite 200Allentown, PA 18104T 484.245.1031C [email protected]

PROFESSIONAL BACKGROUND

Personally, consistently produced annual sales of $3M to $8M winning the multi-million dollar transactions award year upon year. Had structured one of the earliest 1031 Tax

Deferred Exchanges in the area decades ago. Have transacted with selected clients in investment and industrial brokerage, site selection, and land development-often on a fee

basis.

Developed and managed a commercial real estate appraisal and consulting group. Have provided expert testimony for Appeals Courts in Berks, Lehigh, Luzerne Counties, Zoning

Hearings, Planning Commission Meetings, and other Municipalities’ Boards. Over the past eighteen years, in the process of conducting over hundreds of analyses, appraisals and

market feasibility studies, I have developed a sub-specialty in the field of senior housing.

Conducted valuations and feasibility studies (including Highest and Best Use, Subdivision, and Discounted Cash Flow Analyses) on all types of commercial, industrial and investment

type properties including manufacturing plants, warehouses, flex buildings, hotels, office buildings, office parks, planned residential developments of 1000+ units, continuing care

retirement centers, assisted living facilities, skilled nursing centers, medical offices, clinics.

Initiated and developed the commercial, industrial and investment division of a major brokerage firm- Involved in marketing, leasing, and sale of hundreds of different successful

transactions for all types of clients from institutional, corporate and private sectors. The division won name recognition to be considered among the most highly regarded

commercial real estate forces in the business community.

Started mortgage company/division that resulted in an eventual sale to a regional banking firm. Initially, we had to learn the basics of mortgage financing and the rigors of

acceptance of a mortgage package in the secondary mortgage market.

In Pennsylvania to sell real estate on behalf of another one must be licensed by Pennsylvania Real Estate Commission as either as a Broker or a Salesperson. A Salesperson must

have their license registered with a Broker who is responsible for their conduct. An Associate Broker is a Broker who works for another person or entity. I am an Associate Broker

who works for an independently owned and operated office of SVN|Imperial Realty. I am a Pennsylvania licensed Associate Broker.

In Pennsylvania to appraise both residential and commercial property on behalf of another one must be licensed as a General Appraiser licensed by the Pennsylvania Real Estate

Commission. I am a licensed General Appraiser.

CCIM is Commercial Real Estate’s global standard for professional achievement. Every candidate for the CCIM designation is required to complete an education component, and pass

the Comprehensive Exam. Candidates submit a Portfolio of Qualifying Experience for review. The CCIM designation is conferred upon the commercial real estate leaders who have a

proven record of success in the field and have demonstrated a mastery of financial, market, and investment analysis.

LEED AP is an advanced professional credential signifying expertise in green building methods based on environmental study courses and testing.

EDUCATION

Bachelor of Science, Pennsylvania State University. Commercial Investment Real Estate Institute Courses.Post Graduate Education at Muhlenberg College, Baruch University, New

York University.

Appraisal Institue Courses Advanced Work

Licensed as an Associate Broker by National Association of Realtors & Pennsylvania Association of Realtors-Emeritus Status- License No.: AB065641

Licensed as a PA State Certified General Appraiser - Certificate #GA-001655L

MEMBERSHIPS & AFFILIATIONS

Appraisal Institute. 1998-2018

National Association of Realtors and Lehigh Valley Association of Realtors (1978-2018) - Have been granted Emieritus Status

National Member of the Commercial Investment Real Estate Institute (CIREI) & PA/DE/NJ Chapter of the Commercial Investment Real Estate Institute.

Associate Member of the Appraisal Institute.

Member of the Urban Land Institute (ULI)

Member of International Council of Shopping Centers (ICSC)

Member of the Green Building Institute

JOSEPH GENAY, CCIM, LEED-AP

Senior Advisor

AIRPORT RD WRHSE/OFF/RETAIL | 1020 AIRPORT ROAD ALLENTOWN, PA 18109 SVN | Imperial Realty | Page 14The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. All SVN® offices are independently owned and operated.

Advisor Bio & Contact 1

All SVN® Offices Independently Owned & Operated | 2020 All Right Reserved

1611 Pond Road, Suite 200Allentown, PA 18104

484.245.1031www.svnimperial.com