Mixed-Use Property with
New
For Sale
$649,900
202 South 17th Street, Allentown, PA 18104
The property pairs restaurant space with an attached three-bedroom residence and a detached garage.
Property Size2,579 SF
Days on Market5
Property Features for 202 South 17th Street
General Information
Standard status
Active
Size
2,579 SF
Property subtype
Commercial
Additional Details
Equipment Included
Yes
Taxes and HOA fees
Annual Taxes
$6,007
Amenities
Bar Seating
Rear Yard Space
2-Car Detached Garage
Building Details
Building Size
2,579 SF
Year Built
1925
Listing Agency:
Harvey Z Raad Real Estate
Listed By:
Judi Youssef
(610) 433-5551
Source:
Bhhspaulfordrealtors
Added: Oct 14
Changed: Oct 16
Last Checked: Oct 16 at 2:16PM
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 Harvey Z Raad Real Estate
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Investment Insights
Based on property information with market context.
This mixed-use property combines restaurant space with an attached residence. The restaurant area includes a fully equipped kitchen, a dining area with bar seating, and space suited to food service. The attached home has three bedrooms, one bathroom, and access to a rear yard. A detached two-car garage is also part of the property.
Built in 1925, the property is located at 202 South 17th Street in Allentown City, Pennsylvania. Its combination of restaurant and residential space brings both uses together on one property.
Built in 1925, the property is located at 202 South 17th Street in Allentown City, Pennsylvania. Its combination of restaurant and residential space brings both uses together on one property.
Key Highlights
- Restaurant space includes a fully equipped kitchen and dining area with bar seating
- Attached residence has 3 bedrooms and 1 bathroom
- Detached 2‑car garage and rear yard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,466
Cap Rate
5.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$709,320
$709.3K
Cap Rate 7%
$506,657
$506.7K
Cap Rate 9%
$394,067
$394.1K
Market Conditions
NOI Build-Up for 2,579 SF
Gross rent
$49.5K $19.20/SF
− Vacancy
−$2.2K −$0.86/SF
EGI
$47.3K $18.34/SF
− OpEx
−$11.8K −$4.58/SF
NOI
$35.5K $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 Rate 5%
$709,320
Cap Rate 7%
$506,657
Cap Rate 9%
$394,067
Alternative Uses
Best Use
Specialty Retail
$506.7K
$443.3K – $591.1K
NOI $35,466 @ 7.0% cap · market cap 5.46%
Second Best
Mixed Use
$359.8K
$314.8K – $419.7K
NOI $25,184 @ 7.0% cap · market cap 3.88%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,804
Businesses Nearby
11k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 73%
Shops & Services 27%
Dunkin' Donuts
Dining
8,269 visits/mo
0.3 miles
Fulton Bank
Shops & Services
2,330 visits/mo
0.3 miles
Liberty Tax
Shops & Services
665 visits/mo
0.5 miles
Demographics for 18104, PA
47,289
Population
18,686
Households
2.5
Avg Household Size
42
Median Age
45%
College-Educated
93%
High-School Grad
23.0 sq mi
ZIP Area
2,056
Density / Sq Mi
$94,279
Median Household Income
$48,585
Median Earnings
$1,620
Median Rent
$296,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The property pairs restaurant space with an attached three-bedroom residence and a detached garage.
Where is this mixed-use property located?
The property is located at 202 South 17th Street Allentown, PA.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Restaurant space includes a fully equipped kitchen and dining area with bar seating; Attached residence has 3 bedrooms and 1 bathroom; Detached 2‑car garage and rear yard
