Single-Story Retail Coffee
For Sale
$329,000
17 South 9th Street, Allentown, PA 18102
Single-story storefront built for coffee shop use with dedicated food prep space and prominent street frontage.
Property Size860 SF
Price / SF$382.56
Days on Market155
Property Features for 17 South 9th Street
General Information
Standard status
Active
Size
860 SF
Property subtype
Retail
Building Details
Building Size
860 SF
Year Built
1930
Stories
1
Listing Agency:
NAI Summit
Listed By:
Jennifer Kennedy · License #PA #AB068755
(610) 217-9454
Source:
Naisummit
Added: Apr 9
Changed: Sep 5
Last Checked: Sep 10 at 5:55AM
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 NAI Summit
Investment Insights
Based on property information with market context.
This well-maintained single-story commercial building is currently fit out as a coffee shop, with a functional retail floor and dedicated food prep areas. The interior layout is flexible and could support other retail or office uses, and the property also offers potential to install a ventilation system for expanded culinary concepts.
Located in the heart of downtown Allentown, the property sits near the center of the city within the Neighborhood Improvement Zone (NIZ). It is positioned one block from Hamilton Street and is surrounded by retail, office, and residential buildings, with prominent street frontage along S. 9th Street and on-street parking.
The storefront configuration and street-facing presence make it a practical option for an owner-user seeking a downtown retail location or for an investor looking to capitalize on ongoing neighborhood activity tied to the NIZ designation.
Located in the heart of downtown Allentown, the property sits near the center of the city within the Neighborhood Improvement Zone (NIZ). It is positioned one block from Hamilton Street and is surrounded by retail, office, and residential buildings, with prominent street frontage along S. 9th Street and on-street parking.
The storefront configuration and street-facing presence make it a practical option for an owner-user seeking a downtown retail location or for an investor looking to capitalize on ongoing neighborhood activity tied to the NIZ designation.
Key Highlights
- ~860 SF single‑story commercial storefront built in 1930
- Currently fit out as a coffee shop with dedicated food prep areas
- Prominent street frontage on S. 9th Street
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
$11,827
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
3.59%
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%
$236,540
$236.5K
Cap Rate 7%
$168,957
$169.0K
Cap Rate 9%
$131,411
$131.4K
Market Conditions
NOI Build-Up for 860 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
$16.5K $19.20/SF
− Vacancy
−$743 −$0.86/SF
EGI
$15.8K $18.34/SF
− OpEx
−$3.9K −$4.58/SF
NOI
$11.8K $13.75/SF
Area
Allentown, PA
Vacancy
4.50%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
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%
$236,540
Cap Rate 7%
$168,957
Cap Rate 9%
$131,411
Alternative Uses
Best Use
Specialty Retail
$169.0K
$147.8K – $197.1K
NOI $11,827 @ 7.0% cap · market cap 3.59%
Second Best
Retail
$151.3K
$132.4K – $176.6K
NOI $10,593 @ 7.0% cap · market cap 3.22%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,558
Businesses Nearby
50k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 96%
Apparel 4%
7-Eleven
Shops & Services
14,046 visits/mo
0.2 miles
Sunoco
Shops & Services
12,060 visits/mo
0.4 miles
Family Dollar
Shops & Services
7,924 visits/mo
0.2 miles
Chase Bank
Shops & Services
3,319 visits/mo
0.2 miles
Clean Rite Center
Shops & Services
3,209 visits/mo
0.4 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- The Loyal Nine — 44 N 15th St, Allentown, PA 18102
- Juice Junkeez — 937 Walnut St, Allentown, PA 18102
- Gems & Joe — 1019 Hamilton St, Allentown, PA 18101
- Nowhere Coffee Co. - Garden Gate — 17 S 9th St, Allentown, PA 18102
- azir hotel — 1119 S 8th St, Allentown, PA 18103
Frequently Asked Questions
What type of property is this?
Coffee shop - Single-story storefront built for coffee shop use with dedicated food prep space and prominent street frontage.
Where is this coffee shop located?
The property is located at 17 South 9th Street Allentown, PA.
What is the asking price?
The asking price for this property is $329,000.
What are key features of this property?
This property features: ~860 SF single‑story commercial storefront built in 1930; Currently fit out as a coffee shop with dedicated food prep areas; Prominent street frontage on S. 9th Street
