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1602-1616 W Allen St
Allentown, PA 18102
Plaza West at 16th Street · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 13,168 SF building in excellent condition with 6 units
- Prime location in the Lehigh Valley area
- Long-term tenancy with strong pro forma NOI
- Ample customer parking
EXECUTIVE SUMMARY
This impressive 13,168 SF building features 6 units with consistent tenancy. Built in 2000 and zoned B-5 - Urban Commercial, this meticulously-maintained property offers a solid investment opportunity in the thriving Lehigh Valley area. With a strong track record of occupancy, this well-located property presents a compelling opportunity for retail/strip center investors seeking a high-performing asset with potential for continued growth and success.
The property is situated in the western part of the city of Allentown, in an area bustling with restaurants, grocery stores, retail stores, banks, schools, parks and other commercial service providers. The Allentown Fairgrounds and Farmers Market are just a few blocks away.
The property is situated in the western part of the city of Allentown, in an area bustling with restaurants, grocery stores, retail stores, banks, schools, parks and other commercial service providers. The Allentown Fairgrounds and Farmers Market are just a few blocks away.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
13,168 SF
Building Class
B
Year Built
2000
Price
$3,200,000
Price Per SF
$243.01
Percent Leased
70%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.30
Lot Size
1.00 AC
Zoning
B-5
Parking
150 Spaces (7.79 Spaces per 1,000 SF Leased)
Frontage
304’ on Allen St
AMENITIES
- Pylon Sign
- Drive Thru
PROPERTY TAXES
| Parcel Number | 549741629506-1 | Improvements Assessment | $1,267,200 |
| Land Assessment | $217,800 | Total Assessment | $1,485,000 |
PROPERTY TAXES
Parcel Number
549741629506-1
Land Assessment
$217,800
Improvements Assessment
$1,267,200
Total Assessment
$1,485,000
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