Fully-Leased Industrial Investment
365 Whitehall Street Allentown, PA 18102
For Sale
$1,400,000
COMMERCIAL - Allentown City, PA
Property Size15,844 SF
Lot Size0.89 Acres
Price / SF$88.36
Days on Market540
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
- 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
(610) 395-0393
Listed By:
Loren K. Keim Jr. · License #RB-045762-L
(877) 208-4158
Added: Feb 2, 2025
Changed: May 8
Last Checked: Jul 27 at 3:06AM
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.
Investment Insights
Based on property information with market context.
This fully-tenanted, income-producing industrial property is located in a growth corridor near Allentown's Waterfront redevelopment and American Parkway. The all-brick, corner-lot building offers excellent visibility and features 14' ceilings, making it suitable for warehousing, wholesaling, light manufacturing, or storage. The property is 100% leased with a diversified tenant mix, generating a gross annual income of $121,000. The first floor is divided into three leased spaces of 3,500 SF, 2,000 SF, and 2,500 SF, while the upper level is leased to a single tenant. The second floor, at dock height with direct access, is ideal for logistics and provides flexibility. The property is secure and well-maintained, offering solid upside potential. Plans are available for an additional 8,000 SF expansion, subject to City approval. The strategic location is minutes from Route 22, I-78, and the Lehigh Valley's major distribution routes, near the fast-developing Waterfront District. The property, with a lot size of 0.889 acres and a building size of 15,844 square feet, is zoned B/Li. It is located near the Waterfront District, making it an ideal long-term hold.
Key Highlights
- Fully‑leased industrial building generating $121,000 gross annual income.
- Located near Allentown's Waterfront development and major transportation routes (Route 22, I‑78).
- Potential for 8,000 SF expansion (subject to City approval).
Financial Insights For Warehouse
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 | $121.7k | $7.68 |
| − Vacancy | −$6.4k | −$0.41 |
| EGI | $115.2k | $7.27 |
| − OpEx | −$17.3k | −$1.09 |
| NOI | $97.9k | $6.18 |
15,844 SF · lease $7.68/SF/yr · vacancy 5.30% · expense 15.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Zami Printing
(Bike/Boat/Book/etc) Store
RDCARSHOW LLC
Industrial Manufacturer
ahuevo tacos
Restaurant
Similar Off Market Nearby
- Azamin Storage Units — 719-723 Liberty St, Allentown, PA 18102
- Budget Store & Lock Self Storage — 184 Mickley Rd, Whitehall, PA 18052
- Budget Store & Lock Self Storage — 1090 MacArthur Rd, Whitehall, PA 18052
FAQs
What type of property is this?
Warehouse - 15,467 SF industrial building, 100% leased, $121,000 gross income.
Where is this warehouse 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: Fully‑leased industrial building generating $121,000 gross annual income.; Located near Allentown's Waterfront development and major transportation routes (Route 22, I‑78).; Potential for 8,000 SF expansion (subject to City approval).
