Allentown Retail Space For
For Sale
Contact for pricing
402 RIDGE AVENUE, Allentown, PA 18102
Retail space available in vibrant Allentown residential area.
Property Size3,000 SF
Price / SF$0.92
Days on Market151
Property Features for 402 RIDGE AVENUE
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Commercial
Building Details
Year Built
1913
Listing Agency:
Keller Williams Real Estate - Allentown
Listed By:
AYON Abraham CODNER · License #RS324477
(610) 435-1800
Source:
Cummingsrealtors
Added: May 19
Changed: Oct 15
Last Checked: Oct 14 at 11:22PM
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 Keller Williams Real Estate - Allentown
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Investment Insights
Based on property information with market context.
Approximately 3,000 square feet of street retail space is available for sale in Allentown, Pennsylvania. The space includes two ADA-compliant restrooms and an open floor plan with ample storage. It is suitable for various businesses, such as a used appliance store, multi-service business, laundromat, or copy/print shop. The property is situated in a vibrant residential area on Ridge Avenue, a few blocks from the newly constructed Jaindl Enterprises Waterfront mixed-use Class A building. Allentown's Vision 2030 initiative includes plans to revitalize neighborhoods, potentially making this a strategic location for business.
Key Highlights
- 3,000 SF Street Retail Space
- Open Floor Plan with Ample Storage
- Two ADA Restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,951
Suggested Prices Based on Cap Rates
Cap Rate 5%
$739,020
$739.0K
Cap Rate 7%
$527,871
$527.9K
Cap Rate 9%
$410,567
$410.6K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$55.8K $18.60/SF
− Vacancy
−$3.0K −$1.00/SF
EGI
$52.8K $17.60/SF
− OpEx
−$15.8K −$5.28/SF
NOI
$37.0K $12.32/SF
Area
Allentown, PA
Vacancy
5.40%
Lease Rate
$18.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$739,020
Cap Rate 7%
$527,871
Cap Rate 9%
$410,567
Alternative Uses
Best Use
Retail
$527.9K
$461.9K – $615.9K
NOI $36,951 @ 7.0% cap · market cap 1,343.67%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$589.4K
$515.7K – $687.6K
NOI $41,256 @ 7.0% cap · market cap 1,500.22%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,978
Businesses Nearby
12k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 76%
Electronics 24%
Dunkin' Donuts
Dining
9,041 visits/mo
0.4 miles
Boost Mobile
Electronics
1,317 visits/mo
0.4 miles
Metro by T-Mobile
Electronics
964 visits/mo
0.4 miles
Cricket Wireless Authorized Retailer
Electronics
538 visits/mo
0.3 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - Retail space available in vibrant Allentown residential area.
Where is this retail space located?
The property is located at 402 RIDGE AVENUE Allentown, PA.
What are key features of this property?
This property features: 3,000 SF Street Retail Space; Open Floor Plan with Ample Storage; Two ADA Restrooms
