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1053 Grape St 37,484 SF 100% Leased Retail Building Whitehall, PA 18052 $5,400,000 ($144.06/SF) 6.40% Cap Rate
Investment Highlights
- 100% occupied
- 3,750,000 SF GLA of retail within one mile
- Powerful demographics
- “A” location in the Lehigh Valley’s premier retail hub
- MacArthur Road traffic count average is 38,846 VPD
- Below market rents
Executive Summary
1053 Grape Street is a prominently located retail property in the heart of Whitehall’s dominant commercial corridor, positioned between the Lehigh Valley Mall and Whitehall Mall, two of the region’s most active retail destinations. The property benefits from exceptional visibility and frontage along Grape Street, a high-traffic retail artery serving one of the Lehigh Valley’s most established shopping districts. The property has historically maintained strong occupancy, supported by its placement in a high-demand restaurant and retail corridor. The site sits within Lehigh County and forms part of the greater Allentown-Bethlehem-Easton metro trade area, benefiting from the region’s strong retail demographics.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
37,484 SF
Building Class
B
Year Built/Renovated
1972/2009
Price
$5,400,000
Price Per SF
$144.06
Cap Rate
6.40%
NOI
$345,600
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.24
Lot Size
3.59 AC
Zoning
C-2
Parking
156 Spaces (4.16 Spaces per 1,000 SF Leased)
Nearby Major Retailers
Property Taxes
| Parcel Number | 549882217007-1 | Improvements Assessment | $1,216,500 |
| Land Assessment | $1,756,800 | Total Assessment | $2,973,300 |
Property Taxes
Parcel Number
549882217007-1
Land Assessment
$1,756,800
Improvements Assessment
$1,216,500
Total Assessment
$2,973,300
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1053 Grape St
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