1125 Colorado Street Allentown City 18103 - MLS #

Income-generating land and tower site for sale. This unique and rare opportunity features 4.00 acres with a +/-2,000 SF building and two antennae structures. The building is currently leased by two long-term radio stations with the option for renewals. This investment opportunity has a current NOI of $127,220.62 per year, and with the right investor, the potential to maximize their income by adding additional telecommunication services to the tower. The land is zoned (R-M) Medium Density Residential, which allows uses such as single-family dwellings, Apartments, and Multifamily. The building and tower are well maintained by the owner. The site is located in a residential neighborhood with the potential for redevelopment. Call today for additional details.