Three-Level Office
For Sale
$299,900
523 W Linden Street, Allentown, PA 18101
CommercialSale, Allentown City, PA
Property Size3,003 SF
Lot Size0.05 Acres
Price / SF$99.87
Days on Market143
Property Features for 523 W Linden Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
R-H
Parking
4
Parking features
Off Street, On Street, Garage
Elementary school district
Allentown
Middle school district
Allentown
High school district
Allentown
Directions
145 South/MacArthur Rd; Right on N 5th; Right on Linden St. Property will be on right.
Subdivision
Allentown-Central
Standard status
Active
APN
640711632043-1
Size
3,003 SF
Lot size
0.05 Acres
Additional Details
Property Use
Office
Taxes and HOA fees
Tax Annual Amount
4678
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Central Air
Water source
Public
Amenities
high efficiency gas boiler
central air conditioning
energy-efficient lighting
ethernet connectivity
side service entrance
Building Details
Year built
1856
Building materials
Stucco
Buildings
1
Listing Agency:
BetterHomes&GardensRE/Cassidon
(610) 266-2661
Listed By:
Jessie Cevallos
(610) 504-0337
Added: Jun 12
Changed: Oct 24
Last Checked: Nov 1 at 5:06PM
MLS# 778809
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located at 523 W Linden Street in Center City Allentown, this 3,003-square-foot office property extends across three levels on a 0.053-acre parcel. The first floor combines reception, private offices, flex space, and a powder room. Four offices, a kitchen, full bath, and storage occupy the second floor, while the third level provides additional office and storage space. Inlaid hardwood flooring appears on the second floor.
Building systems include a high-efficiency natural-gas boiler dated 2026, central air conditioning, energy-efficient lighting, and ethernet connectivity. The property also offers a side service entrance and four off-street parking spaces, with garage and on-street parking listed among the additional parking features. R-H zoning allows mixed-use or residential conversion. Built in 1856, the building is near the Lehigh County Courthouse, PPL Center, Arts Walk, cafes, restaurants, and shops.
Building systems include a high-efficiency natural-gas boiler dated 2026, central air conditioning, energy-efficient lighting, and ethernet connectivity. The property also offers a side service entrance and four off-street parking spaces, with garage and on-street parking listed among the additional parking features. R-H zoning allows mixed-use or residential conversion. Built in 1856, the building is near the Lehigh County Courthouse, PPL Center, Arts Walk, cafes, restaurants, and shops.
Key Highlights
- 3,003‑square‑foot office building on a 0.053‑acre parcel
- Three‑level layout with private offices, flex space, kitchen, baths, and storage
- High‑efficiency natural‑gas boiler dated 2026 and central air conditioning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,303
Cap Rate
5.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$326,060
$326.1K
Cap Rate 7%
$232,900
$232.9K
Cap Rate 9%
$181,144
$181.1K
Market Conditions
NOI Build-Up for 3,003 SF
Gross rent
$23.4K $7.80/SF
− Vacancy
−$1.7K −$0.56/SF
EGI
$21.7K $7.24/SF
− OpEx
−$5.4K −$1.81/SF
NOI
$16.3K $5.43/SF
Area
Allentown, PA
Vacancy
7.20%
Lease Rate
$7.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$326,060
Cap Rate 7%
$232,900
Cap Rate 9%
$181,144
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 authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,151
Businesses Nearby
Explore this area
Business Placement
Demographics for 18101, PA
5,108
Population
2,686
Households
1.9
Avg Household Size
32
Median Age
19%
College-Educated
79%
High-School Grad
0.3 sq mi
ZIP Area
17,027
Density / Sq Mi
$41,542
Median Household Income
$34,397
Median Earnings
$1,337
Median Rent
$153,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - R-H zoning permits mixed-use or residential conversion alongside the existing office configuration.
Where is this office building located?
The property is located at 523 W Linden Street 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: 3,003‑square‑foot office building on a 0.053‑acre parcel; Three‑level layout with private offices, flex space, kitchen, baths, and storage; High‑efficiency natural‑gas boiler dated 2026 and central air conditioning
