Fully Leased Industrial
For Sale
$1,400,000
365 Whitehall Street, Allentown, PA 18102
CommercialSale, Allentown City, PA
Property Size15,467 SF
Lot Size0.89 Acres
Price / SF$88.36
Days on Market637
Property Features for 365 Whitehall Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B/Li
Parking features
Parking Lot
Interior features
Storage
Exterior features
Storage
Elementary school district
Allentown
Middle school district
Allentown
High school district
Allentown
Directions
Rt 22 to Fullerton Avenue exit, south on Fullerton to west on Fairmont Ave, make left on 5th St, left on Whitehall St, property on left.
Subdivision
Allentown-Central
Standard status
Active
APN
640716225681001
Size
15,844 SF
Lot size
0.89 Acres
Taxes and HOA fees
Tax Annual Amount
7864
Utilities
Utilities
Propane
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1900
Building materials
Brick
Roof type
Flat
Additional Structures
Storage
Listing Agency:
CENTURY 21 Keim Realtors · Century 21 Real Estate
(610) 395-0393
Listed By:
Loren K. Keim Jr. · License #RM420221
(877) 208-4158
Added: Feb 2, 2025
Changed: Oct 16
Last Checked: Nov 1 at 7:06PM
MLS# 751963
Copyright © 2026 Greater Lehigh Valley REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This industrial property is fully leased and features an all-brick building on a corner lot with a flat roof, storage areas, and a parking lot. The building includes 14-foot ceilings and a second level at dock height with direct access. The first floor is arranged as three leased spaces measuring 3,500 SF, 2,000 SF, and 2,500 SF, while the upper level is occupied by one tenant.
The property is zoned B/Li and sits near Allentown’s Waterfront redevelopment and American Parkway. Route 22 and I-78 are also nearby, providing access to major Lehigh Valley distribution routes. Public water and public sewer serve the property, with propane listed among the utilities. Constructed in 1900, the building offers an established industrial configuration with multiple tenant areas.
The property is zoned B/Li and sits near Allentown’s Waterfront redevelopment and American Parkway. Route 22 and I-78 are also nearby, providing access to major Lehigh Valley distribution routes. Public water and public sewer serve the property, with propane listed among the utilities. Constructed in 1900, the building offers an established industrial configuration with multiple tenant areas.
Key Highlights
- 100% leased with three first‑floor spaces and one upper‑level tenant
- First‑floor leased areas measure 3,500 SF, 2,000 SF, and 2,500 SF
- 14‑foot ceilings and a second floor positioned at dock height
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$97,948
Cap Rate
7.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,958,960
$2.0M
Cap Rate 7%
$1,399,257
$1.4M
Cap Rate 9%
$1,088,311
$1.1M
Market Conditions
NOI Build-Up for 15,844 SF
Gross rent
$121.7K $7.68/SF
− Vacancy
−$6.4K −$0.41/SF
EGI
$115.2K $7.27/SF
− OpEx
−$17.3K −$1.09/SF
NOI
$97.9K $6.18/SF
Area
Allentown, PA
Vacancy
5.30%
Lease Rate
$7.68 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,958,960
Cap Rate 7%
$1,399,257
Cap Rate 9%
$1,088,311
Alternative Uses
Best Use
Warehouse
$1.40M
$1.22M – $1.63M
NOI $97,948 @ 7.0% cap · market cap 7.00%
Second Best
Industrial
$1.02M
$891.4K – $1.19M
NOI $71,309 @ 7.0% cap · market cap 5.09%
Theoretical Best
Specialty Retail
$3.11M
$2.72M – $3.63M
NOI $217,887 @ 7.0% cap · market cap 15.56%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
14 ft
Clear height
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
889
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Industrial property - Brick construction, dock-height access, and 14-foot ceilings support warehousing, storage, and light manufacturing uses.
Where is this industrial property located?
The property is located at 365 Whitehall Street Allentown, PA.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 100% leased with three first‑floor spaces and one upper‑level tenant; First‑floor leased areas measure 3,500 SF, 2,000 SF, and 2,500 SF; 14‑foot ceilings and a second floor positioned at dock height
