This property on Airport Road in Allentown recently sold for $1.5 million. (PHOTO/SUBMITTED) –
A Dallas-based developer bought a former restaurant supply store in Allentown for $1.5 million and plans to renovate it into an auto body repair and paint shop.
Victory Development bought the property at 1633 Airport Road from Calumet Properties, according to Lehigh County property transaction records.
The 15,200 square-foot-site is at the junction of Airport Road and American Parkway.
Seth Lacey and Derek Zerfass of Colliers International’s Upper Macungie Township office represented the seller in the transaction, according to a news release.
While the property had sat vacant for more than three years, once Colliers became aware of the owner’s willingness to sell, the team closed the deal for the seller in less than seven months.
Greg Bianchi of U.S. Realty represented the buyer in this transaction.
Bianchi did not immediately return a request for comment.
Mike Moore, communications manager for the city of Allentown, confirmed the property’s new use.
Victory Development did not return requests for comment.
