1135 Hamilton St, Allentown, PA 18101
This exceptional 3,000 square foot restaurant and lounge space is available for lease in Allentown, Pennsylvania. Located just one block from the thriving Neighborhood Improvement Zone (NIZ), this property offers a unique opportunity to capitalize on significant ongoing development and revitalization efforts. The space is delivered in a "v-shell" condition, featuring an existing hood system, ideal for a quick and efficient setup. The layout is designed for versatility, with first-floor takeout capabilities, a second-floor dining area perfect for events, and an outdoor deck providing extra seating and entertainment options. The NIZ, a state tax district established in 2011, has already spurred over a billion dollars in redevelopment, attracting major projects such as the PP&L Event Center, numerous Class A office buildings, and the new Da Vinci Science Center. This dynamic area continues to experience substantial growth, creating a highly promising environment for businesses seeking expansion and success. The ongoing investment and revitalization within the NIZ present a compelling opportunity for significant return on investment. This property's prime location and adaptable design make it an ideal space for a thriving restaurant or lounge concept. The proximity to the NIZ ensures high visibility and access to a growing customer base. The outdoor deck adds a unique amenity, enhancing the overall appeal and functionality of the space. This is a rare chance to establish a business in a rapidly developing and highly sought-after area of Allentown.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.