Turnkey Office Space in Victorian
For Sale
Contact for pricing
1248 W HAMILTON STREET, Allentown, PA 18102
Fully furnished office within a restored Victorian building with utilities included and one parking space included.
Property Size5,867 SF
Price / SF$0.17
Days on Market104
Property Features for 1248 W HAMILTON STREET
General Information
Standard status
Active
Size
5,867 SF
Total Parking Spaces
1
Property subtype
Commercial
Additional Details
Business Included
Yes
Building Details
Year Built
1900
Listing Agency:
RE/MAX Central - Lansdale
(215) 362-2260
Listed By:
CHRISTINE MCAFEE · License #5008473
(717) 645-5022
Source:
Cummingsrealtors
Added: Jul 5
Changed: Oct 16
Last Checked: Oct 16 at 9:18AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Central - Lansdale
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Investment Insights
Based on property information with market context.
This fully furnished office space is located in a beautifully restored historic Victorian building and has been thoughtfully renovated while preserving classic architectural character. The space is designed to provide a warm, professional setting, featuring abundant natural light and an inviting, comfortable atmosphere.
The property is located at 1248 W Hamilton Street in Allentown, PA 18102, near the heart of the city. Utilities are included, reducing the need to manage additional monthly expenses. One car parking space is included, as described in the offering details.
The property is located at 1248 W Hamilton Street in Allentown, PA 18102, near the heart of the city. Utilities are included, reducing the need to manage additional monthly expenses. One car parking space is included, as described in the offering details.
Key Highlights
- Fully furnished office in a restored Victorian building built in 1900
- Utilities included in the monthly rent
- One car parking space included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,851
Suggested Prices Based on Cap Rates
Cap Rate 5%
$637,020
$637.0K
Cap Rate 7%
$455,014
$455.0K
Cap Rate 9%
$353,900
$353.9K
Market Conditions
NOI Build-Up for 5,867 SF
Gross rent
$45.8K $7.80/SF
− Vacancy
−$3.3K −$0.56/SF
EGI
$42.5K $7.24/SF
− OpEx
−$10.6K −$1.81/SF
NOI
$31.9K $5.43/SF
Area
Allentown, PA
Vacancy
7.20%
Lease Rate
$7.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$637,020
Cap Rate 7%
$455,014
Cap Rate 9%
$353,900
Alternative Uses
Best Use
Office B
$455.0K
$398.1K – $530.9K
NOI $31,851 @ 7.0% cap · market cap 3,185.10%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.15M
$1.01M – $1.34M
NOI $80,683 @ 7.0% cap · market cap 8,068.30%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
2,815
Businesses Nearby
Explore this area
Business Placement
Demographics for 18102, PA
51,567
Population
18,788
Households
2.7
Avg Household Size
32
Median Age
11%
College-Educated
76%
High-School Grad
3.0 sq mi
ZIP Area
17,189
Density / Sq Mi
$40,681
Median Household Income
$29,501
Median Earnings
$1,224
Median Rent
$146,600
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office units - Fully furnished office within a restored Victorian building with utilities included and one parking space included.
Where is this office units located?
The property is located at 1248 W HAMILTON STREET Allentown, PA.
What are key features of this property?
This property features: Fully furnished office in a restored Victorian building built in 1900; Utilities included in the monthly rent; One car parking space included
