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Investment Highlights

  • Located in South Allentown with access to major thoroughfares
  • Three separate multi-story buildings on a fenced 0.34 acre lot
  • Opportunity for investment, user occupancy, or repositioning

Executive Summary

The property currently features three multi-story buildings that have undergone significant improvements. Historically, it has been operated as a daycare, making it an attractive option for prospective users interested in maintaining a similar setup focused on childcare services. Additionally, the property presents an excellent opportunity for multifamily investors or those considering alternative permitted uses that may enhance the value of the site.
Recent capital improvements have significantly upgraded the buildings. These enhancements include the installation of new, energy-efficient windows, which not only improve the aesthetics but also contribute to lower energy costs. Upgraded electrical panels have been added to ensure safety and accommodate modern electrical demands, while the kitchens have been renovated to meet contemporary standards, providing a functional space for food preparation and serving.
Overall, this property combines a strategic location with substantial upgrades, making it a viable option for continued use as a daycare or as a multifamily residential development, appealing to a broad range of potential investors and operators.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Day Care Center
Building Size
7,055 SF
Building Class
C
Year Built
1971
Price
$849,900
Price Per SF
$120.47
Tenancy
Single
Building Height
2 Stories
Building FAR
0.19
Lot Size
0.87 AC
Zoning
R-L - Residential
Parking
20 Spaces (2.86 Spaces per 1,000 SF Leased)
Frontage
94’ on S 5th St

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1st Floor
  • 4,676 SF
  • Office/Retail
  • -
  • 30 Days

Currently improved with three multi-story buildings, the property has been utilized for a daycare and may appeal to users seeking a similar setup or those exploring alternative permitted uses.

  • 2nd Floor
  • 2,379 SF
  • Office/Retail
  • -
  • 30 Days

Currently improved with three multi-story buildings, the property has been utilized for a daycare and may appeal to users seeking a similar setup or those exploring alternative permitted uses.

Space Size Space Use Position Available
1st Floor 4,676 SF Office/Retail - 30 Days
2nd Floor 2,379 SF Office/Retail - 30 Days

1st Floor

Size
4,676 SF
Space Use
Office/Retail
Position
-
Available
30 Days

2nd Floor

Size
2,379 SF
Space Use
Office/Retail
Position
-
Available
30 Days

1st Floor

Size 4,676 SF
Space Use Office/Retail
Position -
Available 30 Days

Currently improved with three multi-story buildings, the property has been utilized for a daycare and may appeal to users seeking a similar setup or those exploring alternative permitted uses.

2nd Floor

Size 2,379 SF
Space Use Office/Retail
Position -
Available 30 Days

Currently improved with three multi-story buildings, the property has been utilized for a daycare and may appeal to users seeking a similar setup or those exploring alternative permitted uses.

Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
50/100

Nearby Major Retailers

Key Food
Redner's Markets
Truist
Rent-A-Center
PNC Bank

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 640650692771-1
  • 640651709707-1
Land Assessment
$119,800
Improvements Assessment
$329,700
Total Assessment
$449,500
  • Listing ID: 39255757

  • Date on Market: 1/29/2026

  • Last Updated:

  • Address: 2304 S 5th St, Allentown, PA 18103

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