1754 Genoa Street, Bethlehem, PA 18018

Parking/Storage (indoor/outdoor) on gated/fenced/paved enclave in quiet residential Rosemont section of W. Bethlehem. Unique opportunity to own productive asset for self-use or income generation. What you’re buying: 2 garage bays (top over bottom) and big paved parking pad for 8 +/- vehicles. If buyer wants, a long-term lease for 1 additional garage bay (lower right) - is transferable for 7 more years @ $75/mo. This cannot realistically be converted to residential. No water/sewer. Upper left garage owner is Afterwards, owner of that garage unit has a recorded permanent easement to access the unit if lease extension does not transpire. The value proposition here is akin to income producing storage units, where demand is persistently robust nationwide. Per ChatGPT, the average rent for a 10x10 (100SF) non-climate controlled unit in the Northeast is $130-$180/mo. Our bays are 162 SF. 10-15% of households in the Northeast rent storage units. For those who drive the Lehigh Valley, you … read more …