Apple Tree Plaza, a totally leased retail middle simply off Routes 22 and 512, is available on the market for $6.5 million, extra proof that multi-million-dollar offers have gotten routine within the Lehigh Valley.
The 3301 Tub Pike property, on the southwest nook of the intersection of the 2 main roads, is listed as a “mini life-style middle.” It covers 20,995 sq. toes over 4.5 acres in Hanover Township (Northampton County).
Multi-million-dollar native offers have gotten commonplace, with land for warehouses in Palmer Township going for greater than $1 million per acre and buildings in downtown Easton going for tens of millions.
Bethlehem-based developer Lou Pektor just lately introduced a $150 million three way partnership to spend money on and develop native properties. Billion-dollar corporations comparable to Amazon.com Inc, Prologis Inc. and XPO Logistics Inc. have invested regionally.
James Balliet, the agent dealing with Apple Tree Plaza, declined to debate whether or not any transactions are within the works. events can contact The James Balliet Property Group.
Apple Tree Plaza is on a southern route into the Metropolis of Bethlehem, however its suburban location additionally locations it in an space “inside dense populations which can be incomes nicely above common family incomes.”
Briefly, it brings with it the three most vital issues in actual property: “location, location, location,” a phrase typically attributed to the British land investor Harold Samuel, although the origin might be a lot older.
The retail middle can be proper off the Monocacy Creek. Watch out for geese and geese venturing into the car parking zone.
Tenants of the property embrace Talbot’s, a retailer of girls’s clothes sneakers and vogue equipment; Panera Bread, a series bakery and cafe; Candy Pea, a youngsters’s store; barre3, a dance-inspired health studio; Gadzooks, a salon, and Noe, “house of magnificence.”
On the listed value of $6.5 million, the value per sq. foot is about $310. Northampton County property information say the proprietor is Aspen Realty, a restricted legal responsibility company.