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    Fully-Leased Industrial Investment Property

    365 Whitehall Street Allentown, PA 18102

    365 Whitehall Street, Allentown, PA, 18102
    $1,400,000
    For Sale
    Claim this Listing
    $1,400,000

    COMMERCIAL - Allentown City, PA

    Property Size15,844 SF
    Lot Size0.89 Acres
    Price / SF$88.36
    AddedFeb 2, 2025
    Days on Market528
    Last RefreshJul 15 at 2:06 am

    Property Features for 365 Whitehall Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    B/Li
    Parking features
    Parking Lot
    Interior features
    Storage
    Exterior features
    Storage
    Standard status
    Active
    APN
    640716225681001
    Size
    15,844 SF
    Lot size
    0.89 Acres

    Taxes and HOA fees

    Tax Annual Amount
    7864

    Utilities

    Utilities
    Propane
    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    1900
    Building materials
    Brick
    Roof type
    Flat
    Additional Structures
    Storage

    Listing agent Loren K. Keim Jr. License #RB-045762-L

    Listing office CENTURY 21 Keim Realtors 90 N Cedar Crest Blvd, Allentown, PA

    Listing date Feb 2, 2025

    MLS# 751963

    Copyright © 2026 Greater Lehigh Valley REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Investment Insights

    Based on property information with market context.

    This fully-tenanted, income-producing industrial property is located in a growth corridor near Allentown's Waterfront redevelopment and American Parkway. The all-brick, corner-lot building offers excellent visibility and features 14' ceilings, making it suitable for warehousing, wholesaling, light manufacturing, or storage. The property is 100% leased with a diversified tenant mix, generating a gross annual income of $121,000. The first floor is divided into three leased spaces of 3,500 SF, 2,000 SF, and 2,500 SF, while the upper level is leased to a single tenant. The second floor, at dock height with direct access, is ideal for logistics and provides flexibility. The property is secure and well-maintained, offering solid upside potential. Plans are available for an additional 8,000 SF expansion, subject to City approval. The strategic location is minutes from Route 22, I-78, and the Lehigh Valley's major distribution routes, near the fast-developing Waterfront District. The property, with a lot size of 0.889 acres and a building size of 15,844 square feet, is zoned B/Li. It is located near the Waterfront District, making it an ideal long-term hold.

    Key Highlights

    • Fully‑leased industrial building generating $121,000 gross annual income.
    • Located near Allentown's Waterfront development and major transportation routes (Route 22, I‑78).
    • Potential for 8,000 SF expansion (subject to City approval).

    Local Financial Insights For Warehouse

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $121.7k $7.68
    − Vacancy −$6.4k −$0.41
    EGI $115.2k $7.27
    − OpEx −$17.3k −$1.09
    NOI $97.9k $6.18
    15,844 SF · lease $7.68/SF/yr · vacancy 5.30% · expense 15.00%

    Alternative Uses

    Best Use
    Warehouse
    $1.40M
    $1.22M – $1.63M (±1% cap)
    NOI $97,948 @ 7.0% cap · market cap 7.00%
    Second Best
    Industrial
    $1.02M
    $891.4K – $1.19M (±1% cap)
    NOI $71,309 @ 7.0% cap · market cap 5.09%
    Theoretical Best
    Specialty Retail
    $3.11M
    $2.72M – $3.63M (±1% cap)
    NOI $217,887 @ 7.0% cap · market cap 15.56%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Zami Printing (Bike/Boat/Book/etc) Store RDCARSHOW LLC Industrial Manufacturer ahuevo tacos Restaurant

    Suggested Use

    Real Estate Agency Gym & Fitness Center Skin Care Clinic Dental Office Acupuncture Accounting Firm Wine and Liquor Store Nursing Home Plumbing Service (Bike/Boat/Book/etc) Store

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

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    Similar Off Market Nearby

    • Azamin Storage Units — 719-723 Liberty St, Allentown, PA 18102
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    FAQs

    What type of property is this?
    Warehouse - 15,467 SF industrial building, 100% leased, $121,000 gross income.
    Where is this warehouse located?
    The property is located at 365 Whitehall Street Allentown, PA.
    What is the asking price?
    The asking price for this property is $1,400,000.
    What are key features of this property?
    This property features: Fully‑leased industrial building generating $121,000 gross annual income.; Located near Allentown's Waterfront development and major transportation routes (Route 22, I‑78).; Potential for 8,000 SF expansion (subject to City approval).
    Contact an agent
    (877) 208-4158
    We can help!
    Contact an agent
    Loren K. Keim Jr.
    Loren K. Keim Jr.
    Real Estate License ID: RB-045762-L
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