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128 N 8th St 70,732 SF 100% Leased Industrial Building Allentown, PA 18101 $7,995,000 ($113.03/SF) 7.09% Cap Rate

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INVESTMENT HIGHLIGHTS

Scale + Configuration That’s Hard to Replicate
Stabilized Asset with Modern Operations

Prime Downtown Location with Regional Connectivity

EXECUTIVE SUMMARY

Offering a rare opportunity to acquire two apartment buildings consisting of 36 residential units and 1 commercial space, situated across 5 parcels of land and inclusive of on-site parking lots. Originally constructed in 1930 as an industrial building, the property was converted to apartments in 2013, blending historic character with modern functionality. The property is located within two blocks of Hamilton Street in the heart of downtown Allentown, providing residents with convenient access to restaurants, retail, and entertainment venues. The buildings are also situated within ten minutes of I-78 and I-476, offering efficient vehicular access throughout the Lehigh Valley. The 5 parcel configuration includes two primary buildings and associated parking areas, enhancing functionality and long-term flexibility for ownership and operations. The property is currently managed using the Innago property management platform, allowing for streamlined operations, rent collection, and reporting, contributing to ease of ownership and management efficiency. Assets of this scale, location, and configuration are increasingly difficult to find in the downtown Allentown market. This offering presents a compelling opportunity for investors seeking a stabilized urban asset with long-term upside. Schedule a showing to explore the potential and move this opportunity forward.

LUMBER NUMBERS

FINANCIAL SUMMARY (ACTUAL - 2025)	ANNUAL	ANNUAL PER SF
Gross Rental Income	-	-
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	-	-
Net Operating Income	$567,300	$30.20

FINANCIAL SUMMARY (ACTUAL - 2025)

Gross Rental Income
Annual	-
Annual Per SF	-

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	-
Annual Per SF	-

Net Operating Income
Annual	$567,300
Annual Per SF	$30.20

PROPERTY FACTS

Price	$7,995,000	Building Class	C
Price Per SF	$113.03	Lot Size	0.13 AC
Sale Type	Investment	Rentable Building Area	70,732 SF
Cap Rate	7.09%	No. Stories	5
Sale Conditions	1031 Exchange High Vacancy Property	Year Built/Renovated	1930/2023
Property Type	Industrial	No. Dock-High Doors/Loading	1
Property Subtype	Warehouse	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	B-2 - B-2 Central Business is Allentown’s core downtown commercial zoning district. It’s designed to support high-activity and mixed-use environments.

Price	$7,995,000
Price Per SF	$113.03
Sale Type	Investment
Cap Rate	7.09%
Sale Conditions	1031 Exchange High Vacancy Property
Property Type	Industrial
Property Subtype	Warehouse
Building Class	C
Lot Size	0.13 AC
Rentable Building Area	70,732 SF
No. Stories	5
Year Built/Renovated	1930/2023
No. Dock-High Doors/Loading	1
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	B-2 - B-2 Central Business is Allentown’s core downtown commercial zoning district. It’s designed to support high-activity and mixed-use environments.