Allentown Industrial/Mfg
For Sale
$2,190,000
737 N 13th Street & 1231 W Green Street, Allentown, PA 18102
42,000 SF industrial property in Allentown, PA for sale.
Property Size39,145 SF
Price / SF$52.14
Days on Market214
Property Features for 737 N 13th Street & 1231 W Green Street
General Information
Standard status
Active
Size
39,145 SF
Property subtype
Industrial
Building Details
Building Size
39,145 SF
Year Built
1930
Listed By:
Amy Hawley, SIOR · License #PA #AB045309A
(610) 217-1749
Source:
Svn
Added: Mar 6
Changed: Aug 17
Last Checked: Aug 14 at 10:31AM
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 Amy Hawley, SIOR
Investment Insights
Based on property information with market context.
This 42,000 SF industrial and manufacturing property is located in Allentown, PA. Originally constructed in 1930 and renovated in 2004, the property is zoned Business-Light Industrial. It is situated in an urban area with surrounding commercial, industrial, and residential properties. The property is located within 2 miles of the 15th St. exit of Route 22, and within 6 miles of the ABE Regional Airport, and within 20 miles of the NJ State Line. It features a food-grade production facility, liquid storage tanks, and a reactivatable refrigeration room. The property is located along a public bus route with a stop at the corner, providing accessibility for employees and visitors. This property is suited for operations in the growing Lehigh Valley area and offers potential for a wide array of industrial enterprises.
Key Highlights
- Food‑grade production facility suitable for specialized manufacturing.
- Zoned Business‑Light Industrial, ideal for various industrial operations.
- Convenient location along a public bus route with a stop at the corner.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$189,030
Cap Rate
8.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,780,600
$3.8M
Cap Rate 7%
$2,700,429
$2.7M
Cap Rate 9%
$2,100,333
$2.1M
Market Conditions
NOI Build-Up for 42,000 SF
Gross rent
$287.3K $6.84/SF
− Vacancy
−$17.2K −$0.41/SF
EGI
$270.0K $6.43/SF
− OpEx
−$81.0K −$1.93/SF
NOI
$189.0K $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%
$3,780,600
Cap Rate 7%
$2,700,429
Cap Rate 9%
$2,100,333
Alternative Uses
Best Use
Warehouse
$3.71M
$3.25M – $4.33M
NOI $259,645 @ 7.0% cap · market cap 11.86%
Second Best
Industrial
$2.70M
$2.36M – $3.15M
NOI $189,030 @ 7.0% cap · market cap 8.63%
Theoretical Best
Specialty Retail
$8.25M
$7.22M – $9.63M
NOI $577,584 @ 7.0% cap · market cap 26.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,810
Businesses Nearby
Explore this area
Business Placement
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 Industrial in Northeast region
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Frequently Asked Questions
What type of property is this?
Manufacturing property - 42,000 SF industrial property in Allentown, PA for sale.
Where is this manufacturing property located?
The property is located at 737 N 13th Street & 1231 W Green Street Allentown, PA.
What is the asking price?
The asking price for this property is $2,190,000.
What are key features of this property?
This property features: Food‑grade production facility suitable for specialized manufacturing.; Zoned Business‑Light Industrial, ideal for various industrial operations.; Convenient location along a public bus route with a stop at the corner.
