Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    209 W Union St Allentown, PA 18102

    View on Map
    Sponsored
    For Lease
    $21 SF/Yr ($6,482 /Mo)

    COMMERCIAL - Allentown, PA

    Property size:
    3,704 SF
    Lot size:
    0.28 Acres
    Days on Market:
    35
    Last Refresh:
    Mar 20 at 2:06 pm

    Property Features for 209 W Union St

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    APN
    02 01 G09SE3C 003 002
    Size
    3,704 SF
    Lot size
    0.28 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central
    Water source
    Public

    Building Details

    Year built
    1992
    Floors in Building
    1
    Building materials
    Brick

    We can help!

    Listing Contact
    Ayon A. Codner
    Ayon A. Codner

    Keller Williams Real Estate

    Listing agent Ayon A Codner

    Listing date Feb 13, 2026

    MLS# PM-137187

    Copyright © 2026 Pocono Mountains Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Retail Space in Allentown, PA

    This +/- 1,300 SF retail space is available for lease. The space features an open floor plan, one ADA restroom, ample storage, and internet access. The building includes new LED energy-efficient lighting, a new HVAC system, and parking for 12 vehicles. The property is located in a heavily traveled area, minutes from the newly approved Waterfront Development. Construction is underway on a $425 million waterfront development that will include 12 buildings and a 200-seat amphitheater with Riverwalk trails, slated for completion by the end of the year. The Neighborhood Improvement Zone (NIZ), a State Tax district created in 2011, encourages growth and revitalization in the center city of Allentown, PA, and along the western side of the Lehigh River. The NIZ program has spurred more than half a billion dollars in redevelopment. Potential uses include convenience stores, barbershops, salons, and take-out restaurants. The property is part of a 3,704 square foot building on a 0.28-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Wise Guys Beer ... Big Box & Wholesale Store Smoke Depot | Allentown (Bike/Boat/Book/etc) Store

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Allentown
    County
    Lehigh
    State
    Pennsylvania
    Longitude
    -75.459564
    Latitude
    40.604117

    Nearby Similar for Lease

    • $17 SF/Yr

      Turn-Key Office Suite Available

      Class A office space with flexible layout in prime location.
      3500 Winchester Rd, Allentown, PA 18104
      View Details
    • $8 SF/Yr
      9,452 SF

      Allentown Office Space For Lease

      Private office space available in Downtown Allentown's thriving business district.
      931 W Hamilton St, Allentown, PA 18101
      View Details
    • New
      $2,950 /Mo

      Allentown City Commercial Space Available

      Commercial space suitable for contractors and property management companies.
      316 N Madison St, Allentown, PA 18102
      View Details
    • New
      $2,495 /Mo
      4,617 SF

      Allentown City Office Space Available

      Office space near Lehigh County Courthouse and City Hall.
      441 W Linden St, Allentown, PA 18102
      View Details
    • $12 SF/Yr
      562,403 SF

      Allentown Retail Space For Lease

      Retail spaces available in active Allentown shopping destination.
      3300 Lehigh St, Allentown, PA 18103
      View Details
    • New
      $1,200 /Mo
      10,019 SF

      Allentown City Office Space

      Professional office suite available for immediate occupancy in Allentown City.
      123 N 5Th St, Allentown, PA 18102
      View Details
    • $20 SF/Yr
      562,403 SF

      Retail Space in Allentown's South

      Retail spaces available in Allentown's South Mall shopping destination.
      3300 Lehigh St, Allentown, PA 18103
      View Details
    • New
      $3,300 /Mo
      8,799 SF

      Allentown Flex-Space Office with Visibility

      Flex-space office with high visibility and flexible ground level.
      203 E Emmaus Ave, Allentown, PA 18103
      View Details
    • $15 SF/Yr
      18,208 SF

      Renovated Office Space in Allentown

      Completely renovated 4,600 SF office space with modern amenities.
      622 Union Blvd, Allentown, PA 18109
      View Details
    • $8 SF/Yr

      Downtown Allentown Office Space Available

      Private office space in Downtown Allentown's revitalized business district.
      931 W Hamilton St, Allentown, PA 18101
      View Details
    • $20 SF/Yr
      562,403 SF

      Allentown Retail Space For Lease

      Retail spaces available in Allentown's South Mall shopping destination.
      3300 Lehigh St, Allentown, PA 18103
      View Details
    • New
      $25 SF/Yr
      48,134 SF

      Prime Commercial Space in Lehigh Valley

      High-visibility retail and office spaces available in South Whitehall Twp.
      1657 Hausman Rd, Allentown, PA 18104
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space for lease near upcoming waterfront development.
    Where is this retail space located?
    The property is located at 209 W Union St Allentown, PA.
    What is the lease rate?
    The lease rate is $21 SF/Yr.
    What are key features of this property?
    This property features: - Located minutes from a newly approved $425 million waterfront development featuring 12 buildings and a 200-seat amphitheater with Riverwalk trails.; - Situated in a heavily traveled area within a Neighborhood Improvement Zone (NIZ) spurring significant redevelopment.; - Spacious +/- 1,300 SF open floor plan suitable for various retail uses.
    (610) 435-1800
    Request Owner's contact information
    209 W Union St Allentown, PA 18102
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    209 W Union St
    Allentown, PA 18102
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    209 W Union St Allentown, PA 18102
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Ayon A. Codner
    Ayon A. Codner
    Real Estate License ID: RS324477
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!