Five-Story Mixed-Use
For Sale
$6,500,000
812 814 W Hamilton Street, Allentown, PA 18101
CommercialSale, Allentown City, PA
Property Size51,816 SF
Lot Size0.46 Acres
Price / SF$125.44
Days on Market408
Property Features for 812 814 W Hamilton Street
General Information
Property type
Commercial Sale
Property subtype
Office
Parking features
Off Street, Parking Lot
Elementary school district
Allentown
Middle school district
Allentown
High school district
Allentown
Directions
American Parkway to Right on Linden St, Left on N 7th St, Right on Union St, Right on S 8th St, Left on Hamilton.
Subdivision
Allentown-Central
Standard status
Active
APN
640609494959001
Size
51,816 SF
Lot size
0.46 Acres
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Central Air
Water source
Public
Amenities
commercial kitchen
exposed brick and glass walls
high ceilings
on-site brewing infrastructure
Building Details
Year built
1900
Number of units
5
Building materials
Brick
Roof type
Flat
Listing Agency:
CENTURY 21 Keim Realtors · Century 21 Real Estate
(610) 395-0393
Listed By:
Loren K. Keim Jr. · License #RB-045762-L
(877) 208-4158
Added: Jul 18, 2025
Changed: Aug 19
Last Checked: Aug 29 at 7:06AM
MLS# 761315
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 five-story mixed-use property contains approximately 51,816 square feet on a 0.46-acre site. Renovated in 2009, the brick building combines hospitality, event, office, and production areas, with central air, natural gas heat, public water, public sewer, and a flat roof. Commercial kitchen and support areas extend across multiple levels, while the third and fifth floors provide open, high-ceiling spaces suited to event operations or office conversion. The fourth floor contains two leased office suites with exposed brick and glass-wall finishes. Other portions are occupied by the owner for office and production functions.
The property is positioned in downtown Allentown within the Neighborhood Improvement Zone and near the PPL Center, Da Vinci Science Center, and Archer Music Hall. Off-street parking and a parking lot serve the site. Brewing infrastructure remains in place and is included as an available component for continued brewing or alternative use.
The property is positioned in downtown Allentown within the Neighborhood Improvement Zone and near the PPL Center, Da Vinci Science Center, and Archer Music Hall. Off-street parking and a parking lot serve the site. Brewing infrastructure remains in place and is included as an available component for continued brewing or alternative use.
Key Highlights
- Approximately 51,816 square feet across five stories
- 0.46‑acre downtown Allentown site within the Neighborhood Improvement Zone
- Renovated in 2009; brick construction with central air and natural gas heat
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$505,983
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.78%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$10,119,660
$10.1M
Cap Rate 7%
$7,228,329
$7.2M
Cap Rate 9%
$5,622,033
$5.6M
Market Conditions
NOI Build-Up for 51,816 SF
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.
Gross rent
$870.5K $16.80/SF
− Vacancy
−$60.9K −$1.18/SF
EGI
$809.6K $15.62/SF
− OpEx
−$303.6K −$5.86/SF
NOI
$506.0K $9.76/SF
Area
Allentown, PA
Vacancy
7.00%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$10,119,660
Cap Rate 7%
$7,228,329
Cap Rate 9%
$5,622,033
Alternative Uses
Best Use
Mixed Use
$7.23M
$6.32M – $8.43M
NOI $505,983 @ 7.0% cap · market cap 7.78%
Second Best
Office B
$4.02M
$3.52M – $4.69M
NOI $281,299 @ 7.0% cap · market cap 4.33%
Theoretical Best
Specialty Retail
$10.18M
$8.91M – $11.88M
NOI $712,574 @ 7.0% cap · market cap 10.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,558
Businesses Nearby
Explore this area
Business Placement
Demographics for 18101, PA
5,108
Population
2,686
Households
1.9
Avg Household Size
32
Median Age
19%
College-Educated
79%
High-School Grad
0.3 sq mi
ZIP Area
17,027
Density / Sq Mi
$41,542
Median Household Income
$34,397
Median Earnings
$1,337
Median Rent
$153,800
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Renovated downtown property combining hospitality, event, office, and production space with existing brewing infrastructure.
Where is this mixed-use property located?
The property is located at 812 814 W Hamilton Street Allentown, PA.
What is the asking price?
The asking price for this property is $6,500,000.
What are key features of this property?
This property features: Approximately 51,816 square feet across five stories; 0.46‑acre downtown Allentown site within the Neighborhood Improvement Zone; Renovated in 2009; brick construction with central air and natural gas heat
