Office-Warehouse Flex
602-620 Tacoma Street, Allentown, PA 18109
For Sale
Contact for pricing
GX-C zoning supports a mix of residential and office uses, subject to permitting and City approval.
Property Size22,000 SF
Lot Size1.32 Acres
Price / SF$56.82
Days on Market51
Property Features for 602-620 Tacoma Street
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Warehouse & Industrial
Clear Height
Voltage
Additional Details
Highway Access
Building Details
Building Size
Listing Agency:
RE/MAX Centre Realtors
Listed By:
Anthony Iovine · License PA RS334145
(215) 421-8956
Source:
Crexi
Added: Sep 21
Changed: Nov 9
Last Checked: Nov 10 at 9:11AM
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 RE/MAX Centre Realtors
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This flex property contains an approximately 22,000 SF office and warehouse building on two parcels totaling approximately 1.32 acres. The existing layout combines office and warehouse areas, with approximately 12' ceiling heights, three bay doors, and 277/480V electrical service. The site was rezoned GX-C, a Residential-Office Mix Corridor designation; any proposed use remains subject to applicable permitting and City approvals.
The property is in Allentown, with access to Airport Road, Route 22, Lehigh Valley International Airport, and the broader Allentown-Bethlehem market.
The property is in Allentown, with access to Airport Road, Route 22, Lehigh Valley International Airport, and the broader Allentown-Bethlehem market.
Key Highlights
- Approximately 22,000 SF office and warehouse building
- Two parcels totaling approximately 1.32 acres
- Approximately 12' ceiling heights
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$99,016
Cap Rate
7.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,980,320
$2.0M
Cap Rate 7%
$1,414,514
$1.4M
Cap Rate 9%
$1,100,178
$1.1M
Market Conditions
NOI Build-Up for 22,000 SF
Gross rent
$150.5K $6.84/SF
− Vacancy
−$9.0K −$0.41/SF
EGI
$141.5K $6.43/SF
− OpEx
−$42.4K −$1.93/SF
NOI
$99.0K $4.50/SF
Area
Allentown, PA
Vacancy
6.00%
Lease Rate
$6.84 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,980,320
Cap Rate 7%
$1,414,514
Cap Rate 9%
$1,100,178
Alternative Uses
Best Use
Warehouse
$1.94M
$1.70M – $2.27M
NOI $136,004 @ 7.0% cap · market cap 10.88%
Second Best
Industrial
$1.41M
$1.24M – $1.65M
NOI $99,016 @ 7.0% cap · market cap 7.92%
Theoretical Best
Specialty Retail
$4.32M
$3.78M – $5.04M
NOI $302,544 @ 7.0% cap · market cap 24.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
12 ft
Clear height
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
635
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 18109, PA
18,915
Population
7,395
Households
2.6
Avg Household Size
37
Median Age
19%
College-Educated
80%
High-School Grad
8.2 sq mi
ZIP Area
2,307
Density / Sq Mi
$55,437
Median Household Income
$36,632
Median Earnings
$1,239
Median Rent
$180,200
Median Home Value
Market
Properties on Market for Flex space in Allentown
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Flex space - GX-C zoning supports a mix of residential and office uses, subject to permitting and City approval.
Where is this flex space located?
The property is located at 602-620 Tacoma Street Allentown, PA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Approximately 22,000 SF office and warehouse building; Two parcels totaling approximately 1.32 acres; Approximately 12' ceiling heights
