Building Details

Tenancy Multi

Listing Agency: Keller Williams Allentown m***@jbpropertygroup.com Show Phone

Listed By: Michael D. Sheftel · License #RS328844 Show Phone

Source: Exprealty

Added: Jun 8 Changed: Aug 21 Last Checked: Aug 29 at 11:15AM

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Investment Insights

Based on property information with market context.

Parkway Shopping Center is a well-established retail center offering available retail space within a tenant mix that includes Arby’s, Dunkin’, Dollar Tree, Family Dollar, IHOP, Bang Bang Hibachi, Subway, Palumbo Pizza, H&R Block, Five Star Swim School, KedPlasma Plasma Center, The Lehigh School Daycare, State Farm Insurance, and additional local businesses.

The center is located on Lehigh Street at the intersection of Lehigh Street and Jefferson Street, with close proximity to I-78, Route 309, and Route 22, supporting convenient regional access.

This offering is a for-rent retail opportunity within an active shopping center environment with recognizable brands and services.

Key Highlights

• Parkway Shopping Center retail location on Lehigh St in Allentown, PA
• Tenant mix includes Arby’s, Dunkin', Dollar Tree, Family Dollar, IHOP, Subway, and State Farm Insurance
• Additional tenants include H&R Block, Five Star Swim School, KedPlasma Plasma Center, and The Lehigh School Daycare

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Skin Care Clinic Acupuncture Bakery Carpet & Flooring Store Locksmith (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant

Tenancy

Yes

Highway access

NNN (Triple Net)

Lease Type

$2.10 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

2,624

Businesses Nearby

21k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 90% Apparel 10%

7-Eleven Shops & Services

14,046 visits/mo 0.4 miles

Chase Bank Shops & Services

3,319 visits/mo 0.4 miles

DTLR/VILLA Apparel

1,154 visits/mo 0.4 miles

Rainbow Apparel

993 visits/mo 0.3 miles

Jackson Hewitt Tax Service Shops & Services

917 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

Lease Benchmarks for Allentown, PA

$16.76 /SF/Yr

Avg Asking Price

$12–$25 /SF/Yr

Price Range

27,836 SF

Avg Space Size

This space is priced 16% below the average of $16.76 /SF/Yr.

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Questions? Ask Rey

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What type of property is this? Where is this shopping centers located? What is the lease rate? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Shopping center - Lehigh Street retail space within Parkway Shopping Center featuring a diverse mix of national and local tenants.

Where is this shopping center located?

The property is located at 24-1471 Lehigh St Allentown, PA.

What is the lease rate?

The lease rate is $14 SF/Yr.

What are key features of this property?

This property features: Parkway Shopping Center retail location on Lehigh St in Allentown, PA; Tenant mix includes Arby’s, Dunkin', Dollar Tree, Family Dollar, IHOP, Subway, and State Farm Insurance; Additional tenants include H&R Block, Five Star Swim School, KedPlasma Plasma Center, and The Lehigh School Daycare