Leased Restaurant and Office
173 Route 526 Unit 173 Allentown, NJ 08501
For Sale
$2,500,000
Two established, leased tenants—pizzeria and professional office—anchor this commercial property with added on-site garage storage.
Property Size7,020 SF
Lot Size8.00 Acres
Price / SF$356.13
Days on Market176
Property Features for 173 Route 526 Unit 173
General Information
Standard status
Active
Size
7,020 SF
Lot size
8.00 Acres
Property subtype
General Commercial
Building Details
Year Built
1993
Listing Agency:
Century 21 Advantage
(205) 823-6677
Listed By:
Olga Cancio · License #109745
Source:
Xome
Added: Feb 3
Changed: Jul 10
Last Checked: Jul 16 at 6:29AM
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 Advantage
Investment Insights
Based on property information with market context.
This commercial property includes a building currently occupied by two established tenants: a pizzeria and a professional business office, with both spaces leased. The site also features a large garage at the back of the property, currently used for storing appliances and machinery, providing practical support for the on-site restaurant and office operations.
The property sits on approximately 8 acres just outside Allentown in Upper Freehold Twp, and the surrounding area includes open land. The parcel size and layout create room for day-to-day use and provide flexibility for future site improvements, including potential expansion or additional development, subject to applicable approvals.
For buyers looking for an income-producing commercial asset with existing tenants in place, the current leased structure offers an operating baseline from the restaurant and office. The mix of a conventional restaurant use alongside a professional office may appeal to operators seeking an on-site arrangement, while the rear garage storage helps accommodate equipment and supplies tied to the property’s existing uses.
The property sits on approximately 8 acres just outside Allentown in Upper Freehold Twp, and the surrounding area includes open land. The parcel size and layout create room for day-to-day use and provide flexibility for future site improvements, including potential expansion or additional development, subject to applicable approvals.
For buyers looking for an income-producing commercial asset with existing tenants in place, the current leased structure offers an operating baseline from the restaurant and office. The mix of a conventional restaurant use alongside a professional office may appeal to operators seeking an on-site arrangement, while the rear garage storage helps accommodate equipment and supplies tied to the property’s existing uses.
Key Highlights
- Commercial property on 8 acres with two established tenants: a leased pizzeria and a leased professional business office
- Year built 1993
- Central air cooling
Financial Insights For Office B
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 | $210.6k | $30.00 |
| − Vacancy | −$67.4k | −$9.60 |
| EGI | $143.2k | $20.40 |
| − OpEx | −$35.8k | −$5.10 |
| NOI | $107.4k | $15.30 |
7,020 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.53M
$1.34M – $1.79M
NOI $107,406 @ 7.0% cap · market cap 4.30%
Second Best
Specialty Retail
$1.53M
$1.34M – $1.79M
NOI $107,355 @ 7.0% cap · market cap 4.29%
Theoretical Best
Office A
$1.83M
$1.60M – $2.14M
NOI $128,314 @ 7.0% cap · market cap 5.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Two established, leased tenants—pizzeria and professional office—anchor this commercial property with added on-site garage storage.
Where is this conventional restaurant located?
The property is located at 173 Route 526 Unit 173 Allentown, NJ.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Commercial property on 8 acres with two established tenants: a leased pizzeria and a leased professional business office; Year built 1993; Central air cooling
