Grocery Market in Mid-Rise Apartment
For Sale
$99,000
1444 Hamilton Street COMMERCIAL SPACE, Allentown, PA 18102
Grocery market operating on the commercial level of a mid-rise apartment building with a current gross lease.
Days on Market101
Property Features for 1444 Hamilton Street COMMERCIAL SPACE
General Information
Standard status
Active
Property subtype
Commercial
Building Details
Building Size
600 SF
Year Built
1912
Listing Agency:
I-Do Real Estate
(484) 951-1351
Listed By:
Katherine Medina · License #RS366693
Source:
Bhhspaulfordrealtors
Added: Apr 24
Changed: Jul 30
Last Checked: Aug 2 at 11:55AM
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 I-Do Real Estate
Investment Insights
Based on property information with market context.
This grocery and convenience market is located on the commercial level of a mid-rise apartment building. The property was built in 1912 and is offered with a current gross lease in place.
The business location is described as being in a bustling, high-traffic area with constant foot and vehicle traffic, supporting steady visibility to local residents and passersby. Operations include year-round convenience revenue components, with skill games and an ATM on site.
The overall setup is designed for straightforward day-to-day operations in a retail storefront environment within a multi-story residential building.
The business location is described as being in a bustling, high-traffic area with constant foot and vehicle traffic, supporting steady visibility to local residents and passersby. Operations include year-round convenience revenue components, with skill games and an ATM on site.
The overall setup is designed for straightforward day-to-day operations in a retail storefront environment within a multi-story residential building.
Key Highlights
- Grocery and convenience market on the commercial level of a mid‑rise apartment building
- Current gross lease in place
- Skill games and an ATM on site
Financial Insights For Specialty Retail
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 | $11.5k | $19.20 |
| − Vacancy | −$518 | −$0.86 |
| EGI | $11.0k | $18.34 |
| − OpEx | −$2.8k | −$4.58 |
| NOI | $8.3k | $13.75 |
600 SF · lease $19.20/SF/yr · vacancy 4.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$117.9K
$103.1K – $137.5K
NOI $8,251 @ 7.0% cap · market cap 8.33%
Second Best
Retail
$105.6K
$92.4K – $123.2K
NOI $7,390 @ 7.0% cap · market cap 7.46%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,389
Businesses Nearby
27k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Sunoco
Shops & Services
12,060 visits/mo
0.4 miles
Santander Bank
Shops & Services
4,178 visits/mo
0.5 miles
Clean Rite Center
Shops & Services
3,209 visits/mo
0.4 miles
Truist
Shops & Services
2,830 visits/mo
0.4 miles
Bank of America
Shops & Services
2,611 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
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Hersh's Super Market — 129 S 17th St, Allentown, PA 18104
- Allen Street Grocery Outlet — 1401 W Allen St, Allentown, PA 18102
- Grocery Outlet — 1401 W Allen St, Allentown, PA 18102
- Casa Del Mofongo- Allentown — 937 hamilton st, allentown, pa 18101
- Antillana Meat Place — 1448 W Chew St, Allentown, PA 18102
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Grocery market operating on the commercial level of a mid-rise apartment building with a current gross lease.
Where is this grocery and convenience store located?
The property is located at 1444 Hamilton Street COMMERCIAL SPACE Allentown, PA.
What is the asking price?
The asking price for this property is $99,000.
What are key features of this property?
This property features: Grocery and convenience market on the commercial level of a mid‑rise apartment building; Current gross lease in place; Skill games and an ATM on site
