Historic Mixed-Use Commercial
22 S Main Street Allentown, NJ 08501
22 S Main Street, Allentown, NJ, 08501
$950,000
For Sale
$950,000
Charming 1810 brick building in Allentown's Historic District.
Property Size2,948 SF
Price / SF$322.25
Days on Market103
Property Features for 22 S Main Street
General Information
- Standard status
- Active
- Size
- 2,948 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1900
Listing Agency
ERA CENTRAL REALTY GROUP
(609) 259-0200
Listed by
STEFANIA FERNANDES · License #1329597
Source
Corcoran
Added: Apr 7 Checked: Jul 17 at 3:17 am
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 ERA CENTRAL REALTY GROUP
Investment Insights
Based on property information with market context.
This beautiful brick-front commercial building, constructed in 1810, is situated in the heart of Allentown Borough's Historic District. The property features four entry doors, front and back staircases, and a flexible layout. Currently, the building houses three tenants, with space available for another. The existing tenants include a well-established florist shop on the lower level and a wax and spa business on the upper level. Storage space is available in the two attic spaces, the full basement, and a shed. Approximately 15 parking spaces are located behind the building. The front entrance features a grand front hall with a stunning floating staircase that rises to the third floor. The interior boasts tall ceilings, wide rooms, finished floors, original weight and chain windows, a set of pocket doors, and three carved fireplace mantles, creating warmth and character. The second floor includes a kitchen equipped with a refrigerator, dishwasher, microwave, and sink. There are two half bathrooms on the lower level and one full bathroom on the upper level. The roof, electrical panel, and furnace/HVAC system were replaced in 2012, while the railings and side porch were redone in 2025. The property offers a blend of old-world beauty and everyday convenience and is close to major highways. The building size is 2948 square feet.
Key Highlights
- Historic brick‑front building (circa 1810) in Allentown Borough's Historic District.
- Currently houses 3 tenants with space for a fourth, providing immediate income potential.
- Approximately 15 parking spaces available behind the building.
Local Financial Insights For 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 | $63.7k | $21.60 |
| − Vacancy | −$3.6k | −$1.21 |
| EGI | $60.1k | $20.39 |
| − OpEx | −$18.0k | −$6.12 |
| NOI | $42.1k | $14.27 |
2,948 SF · lease $21.60/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$601.1K
$526.0K – $701.3K
NOI $42,078 @ 7.0% cap · market cap 4.43%
Second Best
Mixed Use
$568.5K
$497.5K – $663.3K
NOI $39,798 @ 7.0% cap · market cap 4.19%
Theoretical Best
Office A
$769.8K
$673.6K – $898.1K
NOI $53,885 @ 7.0% cap · market cap 5.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
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FAQs
What type of property is this?
Mixed-use property - Charming 1810 brick building in Allentown's Historic District.
Where is this mixed-use property located?
The property is located at 22 S Main Street Allentown, NJ.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Historic brick‑front building (circa 1810) in Allentown Borough's Historic District.; Currently houses 3 tenants with space for a fourth, providing immediate income potential.; Approximately 15 parking spaces available behind the building.
