Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    438 N 7th Street unit 1 Allentown, PA 18102

    View on Map
    Claim this Listing
    For Lease
    $2,500 /Mo

    COMMERCIAL - Allentown City, PA

    Type:Retail
    Lot size:
    0.11 Acres
    Added:
    Nov 25, 2025
    Days on Market:
    162
    Last Refresh:
    May 6 at 9:06 am

    Property Features for 438 N 7th Street unit 1

    General Information

    Property type
    Commercial Lease
    Property subtype
    Retail
    Parking
    3
    Parking features
    On Street, Off Street
    Standard status
    Active
    APN
    549792978241 1
    Lot size
    0.11 Acres

    Taxes and HOA fees

    Tax Annual Amount
    2991

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating)
    Cooling system
    Ceiling Fan(s)
    Water source
    Public

    Building Details

    Year built
    1843
    Floors in Building
    3
    Building materials
    Brick

    We can help!

    Listing Contact
    Ayon A. Codner
    Ayon A. Codner

    Listing agent Ayon A. Codner License #RS324477

    Listing office Keller Williams Allentown 1605 N.CedarCrestBlvd, Ste309, Allentown, PA

    Listing date Nov 25, 2025

    MLS# 768671

    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.

    Overview

    Allentown City Retail Space Available

    Available for immediate lease is a street retail unit offering approximately 900 square feet of space. The unit includes an ADA-compliant restroom and basement access suitable for storage. It is equipped with brand-new HVAC split units. Currently undergoing renovations, the space will feature an accessible ramp and convenient rear parking. Located on 7th Street, the property is situated near the PPL Center, Da Vinci Science Center, and various dining and shopping options.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Allentown
    County
    Lehigh
    State
    Pennsylvania
    Longitude
    -75.475336
    Latitude
    40.608663

    Nearby Similar for Lease

    • $950/Mo

      South Whitehall Executive Suites Available

      Turn-key, fully furnished office suites in a Class A building.
      3500 Winchester Road unit: 155, South Whitehall Twp, PA 18104
      View Details
    • $1,800/Mo

      Retail Space in Downtown Allentown

      Street retail space available in a bustling downtown location.
      937 W Walnut Street, Allentown, PA 18102
      View Details
    • $1,800/Mo

      Allentown Retail Space For Lease

      Retail space in downtown Allentown near new developments.
      937 W Walnut Street unit: C1, Allentown City, PA 18102
      View Details
    • $2,200/Mo

      Allentown Commercial Kitchen Rental

      Commercial kitchen with ballroom partnership opportunity in historic building.
      1524 W Linden Street unit: Cater Kitchen, Allentown City, PA 18102
      View Details
    • $1,800/Mo

      Allentown Retail Space For Lease

      Retail space in downtown Allentown near new developments.
      937 W WALNUT Street, ALLENTOWN, PA 18102
      View Details
    • $2,495/Mo

      Allentown City Office Space Available

      Office space near Lehigh County Courthouse and City Hall.
      441 W Linden Street, Allentown City, PA 18102
      View Details
    • $1,995/Mo

      Allentown City First Floor Office

      Well-maintained, fully furnished office space for rent in Allentown.
      1723 Tilghman Street, Allentown City, PA 18104
      View Details
    • $875/Mo

      Allentown Office Space For Rent

      Office space with high ceilings, LED lighting, and easy access.
      1125 S Cedar Crest Boulevard, ALLENTOWN, PA 18103
      View Details
    • $2,950/Mo

      Unique Space with Commercial Kitchen

      Versatile space with commercial kitchen, suitable for various businesses.
      1183 Grange Road, Lower Macungie Twp, PA 18106
      View Details
    • $2,950/Mo

      Allentown City Commercial Space Available

      Commercial space suitable for contractors and property management companies.
      316 N Madison Street, Allentown City, PA 18102
      View Details
    • $2,200/Mo

      South Whitehall Office Suite For Rent

      Professional office suite in prime Allentown location available for lease.
      2610 Walbert Avenue, South Whitehall Twp, PA 18104
      View Details
    • $1,100/Mo

      Modern Office Space in Allentown

      Open office space with private office, high-traffic location.
      1125 S Cedar Crest Boulevard, ALLENTOWN, PA 18103
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space for lease in Allentown City, PA.
    Where is this retail space located?
    The property is located at 438 N 7th Street unit 1 Allentown, PA.
    What is the lease rate?
    The lease rate is $2,500 /Mo.
    What are key features of this property?
    This property features: Prime location on 7th Street, near PPL Center, Da Vinci Science Center, dining, and shopping.; Newly renovated with accessible ramp and ADA‑compliant restroom.; Brand‑new HVAC split units.
    (610) 435-1800
    We can help!
    Listing Contact
    Ayon A. Codner
    Ayon A. Codner
    Real Estate License ID: RS324477
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    438 N 7th Street unit: 1, Allentown City, PA 18102
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!