Historic Brick Office
For Sale
$399,000
2041 Lawfer Ave, Allentown, PA 18104
Historic brick office building with commercial-grade HVAC, accessible restrooms, and a flat rubber roof.
Property Size2,239 SF
Price / SF$178.20
Days on Market145
Property Features for 2041 Lawfer Ave
General Information
Standard status
Active
Size
2,239 SF
Zoning
R-4
Building Details
Year Built
1930
Listing Agency:
JTR Real Estate
Listed By:
Jeffrey T. Russell
(610) 433-6047
Source:
Jennysoldmine
Added: Jun 3
Changed: Oct 9
Last Checked: Oct 7 at 4:49PM
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 JTR Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This historic brick office building offers an established office layout suited for professional use. The property includes handicap access and bathrooms, along with commercial-grade HVAC. There is also a workshop located in the basement and a bar area described for after-hours unwinding, supporting a range of office-adjacent functions within the building. The structure features a flat Carlisle rubber roof, contributing to long-term roof system continuity.
The building is described as being in a quiet neighborhood in Allentown and has a history that includes use as a fire station and magistrate’s office, as well as real estate offices. The property currently operates as office headquarters for a real estate business.
Zoning is R-4. The information provided notes that many uses may require a Special Exception from South Whitehall Township, so prospective owners or tenants should review use requirements early in the planning process. Overall, the building’s combination of accessibility features, HVAC capacity, and flexible interior areas may appeal to professional firms seeking a solid, long-standing office facility with on-site support spaces.
The building is described as being in a quiet neighborhood in Allentown and has a history that includes use as a fire station and magistrate’s office, as well as real estate offices. The property currently operates as office headquarters for a real estate business.
Zoning is R-4. The information provided notes that many uses may require a Special Exception from South Whitehall Township, so prospective owners or tenants should review use requirements early in the planning process. Overall, the building’s combination of accessibility features, HVAC capacity, and flexible interior areas may appeal to professional firms seeking a solid, long-standing office facility with on-site support spaces.
Key Highlights
- Historic brick office building with commercial‑grade HVAC and a flat Carlisle rubber roof
- Handicap access and handicap‑accessible bathrooms
- Zoned R‑4; many uses may require a Special Exception from South Whitehall Township
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,155
Cap Rate
3.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$243,100
$243.1K
Cap Rate 7%
$173,643
$173.6K
Cap Rate 9%
$135,056
$135.1K
Market Conditions
NOI Build-Up for 2,239 SF
Gross rent
$17.5K $7.80/SF
− Vacancy
−$1.3K −$0.56/SF
EGI
$16.2K $7.24/SF
− OpEx
−$4.1K −$1.81/SF
NOI
$12.2K $5.43/SF
Area
Allentown, PA
Vacancy
7.20%
Lease Rate
$7.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$243,100
Cap Rate 7%
$173,643
Cap Rate 9%
$135,056
Alternative Uses
Best Use
Office B
$173.6K
$151.9K – $202.6K
NOI $12,155 @ 7.0% cap · market cap 3.05%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$439.9K
$384.9K – $513.2K
NOI $30,791 @ 7.0% cap · market cap 7.72%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Contact the owner directly
Get the owner's phone numbers and email
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
66
Businesses Nearby
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - Historic brick office building with commercial-grade HVAC, accessible restrooms, and a flat rubber roof.
Where is this office building located?
The property is located at 2041 Lawfer Ave Allentown, PA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Historic brick office building with commercial‑grade HVAC and a flat Carlisle rubber roof; Handicap access and handicap‑accessible bathrooms; Zoned R‑4; many uses may require a Special Exception from South Whitehall Township
