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

    924 W Walnut Street Allentown, PA 18102

    View on Map
    Claim this Listing
    For Sale
    $395,000

    SINGLE_FAMILY - Allentown City, PA

    Type:Retail
    Property size:
    1,648 SF
    Lot size:
    0.04 Acres
    Price / SF:
    $239/SF
    Added:
    Jan 21, 2026
    Days on Market:
    102
    Last Refresh:
    May 3 at 11:06 am

    Property Features for 924 W Walnut Street

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Parking
    1
    Parking features
    On Street, Off Street
    Standard status
    Active
    APN
    640609032354 001
    Size
    1,648 SF
    Lot size
    0.04 Acres

    Taxes and HOA fees

    Tax Annual Amount
    4405

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating)
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1880
    Building materials
    Brick
    Roof type
    Composition

    We can help!

    Listing Contact
    Yousef Alhaddad

    Listing agent Yousef Alhaddad

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

    Listing date Jan 21, 2026

    MLS# 770875

    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

    Mixed-Use Commercial Property in Allentown

    The property at 924 W Walnut Street is a mixed-use commercial building currently operating as a bakery. Its location within a neighborhood commercial corridor provides visibility, foot traffic, and access to residential areas and commercial nodes. The 1,648 square foot building is situated on a 0.041-acre lot. The first floor is configured for bakery, cafe, or specialty food concepts and can be adapted for similar retail or food-service uses. The second floor offers potential for conversion into professional office space or a residential apartment. This property is suitable for owner-users seeking to operate a business on the ground level while occupying or leasing the upper floor, as well as investors looking for value-add opportunities through residential or office conversion. It offers immediate functionality for food, retail, or service-oriented users.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Turn key restaurants

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply 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
    -75.475519
    Latitude
    40.599351

    Nearby Similar for Sale

    • $749,000
      3,457 SF

      Allentown Office Building For Sale

      High-visibility office building suitable for owner-user or investment.
      6614 Ruppsville Road, Allentown, PA 18106
      View Details
    • $799,000
      4,228 SF

      Allentown Commercial Investment Opportunity

      Leased commercial building near upcoming waterfront development.
      1007 Union Boulevard, Allentown, PA 18109
      View Details
    • $375,000
      3,057 SF

      Allentown City Office Building For Sale

      Office building near Lehigh County Courthouse and City Hall.
      441 W Linden Street, Allentown City, PA 18102
      View Details
    • $99,000
      10,887 SF

      Turnkey Convenience Store Opportunity

      Well-established convenience store on a high-traffic street. Business only.
      1417 W Chew Street, Allentown City, PA 18102
      View Details
    • $849,900
      4,280 SF

      Mixed-Use Investment Property, Allentown, PA

      Versatile 3-unit property with commercial and residential income potential.
      1015 W Hamilton Street, Allentown, PA 18101
      View Details
    • $799,000
      4,228 SF

      Allentown City Investment Opportunity

      Leased building near upcoming waterfront development.
      1007 Union Boulevard, Allentown City, PA 18109
      View Details
    • $1,400,000
      6,536 SF

      Allentown Mixed-Use Redevelopment Opportunity

      Mixed-use building in Allentown's NIZ district, suitable for redevelopment.
      911 W Hamilton Street, Allentown City, PA 18101
      View Details
    • $799,000

      Allentown Commercial Building For Sale

      Investment opportunity near upcoming Waterfront development on busy Union Blvd.
      1007 UNION Boulevard, ALLENTOWN, PA 18109
      View Details
    • $799,000
      4,104 SF

      Commercial Property Near Downtown Allentown

      Well-located commercial property suitable for various uses near downtown.
      1122 W Hamilton Street unit: Bldg, Allentown City, PA 18101
      View Details
    • $575,000
      2,760 SF

      Allentown Multifamily Investment Opportunity

      Fully occupied four-unit property in the Old Allentown Historic District.
      135 N 8th Street, Allentown City, PA 18101
      View Details
    • $775,000
      3,200 SF

      Allentown Multifamily Investment Opportunity

      Fully occupied five-unit property in the Old Allentown Historic District.
      106 N 8th Street, Allentown City, PA 18102
      View Details
    • $4,500,000

      Allentown Class "A" Office Building

      Class "A" office building in West End Allentown for sale.
      1226-1232 W GREEN Street, ALLENTOWN, PA 18104
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Established bakery with conversion potential in a neighborhood commercial corridor.
    Where is this mixed-use property located?
    The property is located at 924 W Walnut Street Allentown, PA.
    What is the asking price?
    The asking price for this property is $395,000.
    What are key features of this property?
    This property features: Established mixed‑use commercial property ideal for food, retail, or service businesses.; Prime location with **high visibility, foot traffic, and accessibility** to residential areas and commercial hubs.; First floor configured for bakery/cafe/specialty food concepts; adaptable for similar uses.
    (610) 435-1800
    We can help!
    Listing Contact
    Yousef Alhaddad
    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

    924 W Walnut Street, 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!