Description
Historic downtown building with endless possibilities located in Bangor Borough with easy access to Routes 191 and 512. Live in one of the apartments and rent the other for passive income. This multi-unit property spans 11,096 square feet and features two 1050 sq ft 2-bedroom apartments, a 900 sq ft business space, and additional space of 4423 sq ft for a larger business, storage or future apartments and the 3673 square foot garage that comfortably fits up to 6 cars. Located in a prime downtown area for visibility, this historical building was once a livery stable and now offers gas hot water heat and public utilities. The barn requires replacement of some roof shingles. Don't miss this unique opportunity to own a piece of history and transform it into your dream business or investment property. Ideal for entrepreneurs looking for a versatile space with a rich past and unlimited potential. The current cap rate on this investment is 8.5%, indicating a strong return potential for investors.
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4BEDS
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0.15ACRES
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1BATHS
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01/2 BATHS
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11,096SQFT
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$41$/SQFT
Description
Historic downtown building with endless possibilities located in Bangor Borough with easy access to Routes 191 and 512. Live in one of the apartments and rent the other for passive income. This multi-unit property spans 11,096 square feet and features two 1050 sq ft 2-bedroom apartments, a 900 sq ft business space, and additional space of 4423 sq ft for a larger business, storage or future apartments and the 3673 square foot garage that comfortably fits up to 6 cars. Located in a prime downtown area for visibility, this historical building was once a livery stable and now offers gas hot water heat and public utilities. The barn requires replacement of some roof shingles. Don't miss this unique opportunity to own a piece of history and transform it into your dream business or investment property. Ideal for entrepreneurs looking for a versatile space with a rich past and unlimited potential. The current cap rate on this investment is 8.5%, indicating a strong return potential for investors.
© 2025 Greater Lehigh Valley REALTORS® All Rights Reserved. Based on information from the Greater Lehigh Valley REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Peak Asset Realty. Data last updated 2025-04-20T18:12:56.37.