1754 Genoa Street, Bethlehem, PA 18018

Parking/Storage (indoor/outdoor) on gated/fenced/paved enclave in quiet residential Rosemont section of W. Bethlehem. Very unique opportunity to own this 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. Upper left garage owner is the Landlord. Afterwards, owner of that garage unit has a recorded permanent easement to access the unit if a 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 can’t miss the robust construction of storage … read more …