Three-Story Office
523 W Linden St Allentown, PA 18101
523 W Linden St, Allentown, PA, 18101
$299,900
For Sale
$299,900
Three-story office building with reception area, private offices, central air, and off-street parking.
Property Size3,003 SF
Price / SF$99.87
Days on Market41
Property Features for 523 W Linden St
General Information
- Standard status
- Active
- Size
- 3,003 SF
Listing agency
BetterHomes&GardensRE/Cassidon
(610) 504-0337
Listed by
Jessie Cevallos
(610) 504-0337
Source
Exprealty
Added: Jun 12 Updated: Jul 21 at 7:54PM Checked: Jul 21 at 7:54PM
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 BetterHomes&GardensRE/Cassidon
Investment Insights
Based on property information with market context.
This three-story office building offers a reception area on the first floor along with multiple private offices, flex space, and a powder room. The second floor includes four offices with inlaid hardwood flooring, as well as a kitchen, full bath, and storage areas. The third floor provides additional office space and storage.
The property is described as being in the heart of Center City Allentown, steps from the Lehigh County Courthouse and near PPL Center and the Arts Walk, with cafes, restaurants, and shops in the surrounding area. The building also includes central air conditioning, energy-efficient lighting, ethernet connectivity, and a side service entrance with four off-street parking spaces.
Zoning is stated to allow for mixed-use or residential conversion, and the building has a high-efficiency gas boiler noted as installed in 2026.
The property is described as being in the heart of Center City Allentown, steps from the Lehigh County Courthouse and near PPL Center and the Arts Walk, with cafes, restaurants, and shops in the surrounding area. The building also includes central air conditioning, energy-efficient lighting, ethernet connectivity, and a side service entrance with four off-street parking spaces.
Zoning is stated to allow for mixed-use or residential conversion, and the building has a high-efficiency gas boiler noted as installed in 2026.
Key Highlights
- Three‑story office building in Center City Allentown, steps from the Lehigh County Courthouse and PPL Center
- Flexible office layouts with a first‑floor reception area, multiple private offices, flex space, and powder room
- Second floor features four offices with inlaid hardwood flooring, plus a kitchen, full bath, and storage areas
Local Financial Insights For Office B
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 | $23.4k | $7.80 |
| − Vacancy | −$1.7k | −$0.56 |
| EGI | $21.7k | $7.24 |
| − OpEx | −$5.4k | −$1.81 |
| NOI | $16.3k | $5.43 |
3,003 SF · lease $7.80/SF/yr · vacancy 7.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$232.9K
$203.8K – $271.7K
NOI $16,303 @ 7.0% cap · market cap 5.44%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$590.0K
$516.2K – $688.3K
NOI $41,297 @ 7.0% cap · market cap 13.77%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
The Law Offices of Maureen ...
Law Firm
Kasick Samuel R
Law Firm
Special Investigations Agency ...
Law Firm
Joseph C. Bernstein ...
Law Firm
Beier Law
Law Firm
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FAQs
What type of property is this?
Office building - Three-story office building with reception area, private offices, central air, and off-street parking.
Where is this office building located?
The property is located at 523 W Linden St Allentown, PA.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Three‑story office building in Center City Allentown, steps from the Lehigh County Courthouse and PPL Center; Flexible office layouts with a first‑floor reception area, multiple private offices, flex space, and powder room; Second floor features four offices with inlaid hardwood flooring, plus a kitchen, full bath, and storage areas
