All-Brick Corner-Lot Industrial
365 W Whitehall St Allentown, PA 18102
365 W Whitehall St, Allentown, PA, 18102
$1,400,000
For Sale
$1,400,000
Fully leased industrial building with dock-height access and multiple leased spaces for diversified tenant occupancy.
Property Size15,844 SF
Price / SF$88.36
Days on Market533
Property Features for 365 W Whitehall St
General Information
- Standard status
- Active
- Size
- 15,844 SF
Listing agency
CENTURY 21 Keim Realtors
(877) 208-4158
Listed by
Loren K. Keim Jr. · License #RB-045762-L
(877) 208-4158
Source
Exprealty
Added: Feb 3, 2025 Updated: Jul 10 at 3:59PM Checked: Jul 19 at 8:22AM
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 CENTURY 21 Keim Realtors
Investment Insights
Based on property information with market context.
This all-brick corner-lot industrial building is offered fully leased, with a layout designed for warehouse, distribution, wholesaling, light manufacturing, or storage use. The second floor is at dock height with direct access, supporting flexible logistics and material handling. On the first floor, the space is divided into three leased areas: 3,500 SF, 2,000 SF, and 2,500 SF. The upper level is leased to a single tenant.
The property is positioned near Allentown’s Waterfront development, described as steps from the redevelopment and American Parkway, and within minutes of Route 22 and I-78. It is presented as a secure, well-maintained industrial asset with visibility associated with its corner-lot configuration.
For buyers seeking an income-producing industrial investment, the offering includes 100% leased occupancy with stated gross annual income of $121,000. The tenant mix is described as diversified, and there is an owner-stated plan for an additional 8,000 SF expansion, subject to City approval, which may support future facility growth depending on permitting outcomes. The building’s configuration and dock-height access make it practical for operators that need straightforward logistics within a multi-tenant industrial setting.
The property is positioned near Allentown’s Waterfront development, described as steps from the redevelopment and American Parkway, and within minutes of Route 22 and I-78. It is presented as a secure, well-maintained industrial asset with visibility associated with its corner-lot configuration.
For buyers seeking an income-producing industrial investment, the offering includes 100% leased occupancy with stated gross annual income of $121,000. The tenant mix is described as diversified, and there is an owner-stated plan for an additional 8,000 SF expansion, subject to City approval, which may support future facility growth depending on permitting outcomes. The building’s configuration and dock-height access make it practical for operators that need straightforward logistics within a multi-tenant industrial setting.
Key Highlights
- 15,467 SF all‑brick corner‑lot industrial building with dock‑height access and direct second‑floor dock access
- 100% leased with a diversified tenant mix: first floor includes 3,500 SF, 2,000 SF, and 2,500 SF leased spaces; upper level leased to one tenant
- $121,000 gross annual income reported
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $121.7k | $7.68 |
| − Vacancy | −$6.4k | −$0.41 |
| EGI | $115.2k | $7.27 |
| − OpEx | −$17.3k | −$1.09 |
| NOI | $97.9k | $6.18 |
15,844 SF · lease $7.68/SF/yr · vacancy 5.30% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.40M
$1.22M – $1.63M
NOI $97,948 @ 7.0% cap · market cap 7.00%
Second Best
Industrial
$1.02M
$891.4K – $1.19M
NOI $71,309 @ 7.0% cap · market cap 5.09%
Theoretical Best
Specialty Retail
$3.11M
$2.72M – $3.63M
NOI $217,887 @ 7.0% cap · market cap 15.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Zami Printing
(Bike/Boat/Book/etc) Store
RDCARSHOW LLC
Industrial Manufacturer
ahuevo tacos
Restaurant
Similar For Sale Nearby
Similar Off Market Nearby
- Azamin Storage Units — 719-723 Liberty St, Allentown, PA 18102
- Budget Store & Lock Self Storage — 184 Mickley Rd, Whitehall, PA 18052
- Budget Store & Lock Self Storage — 1090 MacArthur Rd, Whitehall, PA 18052
FAQs
What type of property is this?
Warehouse - Fully leased industrial building with dock-height access and multiple leased spaces for diversified tenant occupancy.
Where is this warehouse located?
The property is located at 365 W Whitehall St Allentown, PA.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 15,467 SF all‑brick corner‑lot industrial building with dock‑height access and direct second‑floor dock access; 100% leased with a diversified tenant mix: first floor includes 3,500 SF, 2,000 SF, and 2,500 SF leased spaces; upper level leased to one tenant; $121,000 gross annual income reported
