Five-Story Brewery and Office
For Sale
$6,500,000
812 W HAMILTON STREET 814, Allentown, PA 18101
Renovated five-story building with commercial kitchen, event space, and office tenants.
Property Size5,460 SF
Price / SF$125.44
Days on Market387
Property Features for 812 W HAMILTON STREET 814
General Information
Standard status
Active
Size
5,460 SF
Property subtype
Mixed Use
Taxes and HOA fees
Annual Taxes
$18,253
Building Details
Building Size
5,460 SF
Year Built
1900
Year Renovated
2009
Stories
5
Tenancy
Multi
Listing Agency:
Century 21 Keim Realtors
(877) 208-4158
Listed By:
Loren K Keim · License #RB-045762-L
(610) 395-0393
Source:
Kingswayrealty
Added: Jul 21, 2025
Changed: Aug 8
Last Checked: Aug 11 at 4:40AM
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 Century 21 Keim Realtors
Investment Insights
Based on property information with market context.
Fegley’s Brew Works Building is a five-story, 151,816-square-foot mixed-use property designed for hospitality, entertainment, and office use. Fully renovated in 2009 and maintained, the building includes a commercial kitchen and supporting spaces spread across multiple floors to support events and food-and-beverage operations. The third and fifth floors feature large, open layouts with high ceilings, suitable for event use or conversion into creative office space. The fourth floor is currently leased to two office tenants and includes a design with exposed brick and glass walls. Two additional floors are used as owner-occupied office and production space, providing flexibility for future repositioning. On-site brewing infrastructure remains in place and is available for continued use or repurposing.
Located in Downtown Allentown, the property sits within the city’s Neighborhood Improvement Zone (NIZ). The building is described as being on one of the area’s most vibrant and high-traffic corridors and is positioned just steps from the PPL Center, Da Vinci Science Center, and Archer Music Hall.
This property can fit an owner-operator or investor looking for a flagship, mixed-use platform that already supports hospitality programming alongside office space. With a combination of existing leased office space, established production capabilities, and in-place brewing infrastructure, it offers practical operating continuity for brewery-related concepts or a straightforward pathway to reposition portions of the building for alternative uses.
Located in Downtown Allentown, the property sits within the city’s Neighborhood Improvement Zone (NIZ). The building is described as being on one of the area’s most vibrant and high-traffic corridors and is positioned just steps from the PPL Center, Da Vinci Science Center, and Archer Music Hall.
This property can fit an owner-operator or investor looking for a flagship, mixed-use platform that already supports hospitality programming alongside office space. With a combination of existing leased office space, established production capabilities, and in-place brewing infrastructure, it offers practical operating continuity for brewery-related concepts or a straightforward pathway to reposition portions of the building for alternative uses.
Key Highlights
- Five‑story, 51,816 SF mixed‑use building in Downtown Allentown
- Fully renovated in 2009 and meticulously maintained
- Commercial kitchen and support spaces across multiple floors for hospitality and events
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$281,299
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.33%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,625,980
$5.6M
Cap Rate 7%
$4,018,557
$4.0M
Cap Rate 9%
$3,125,544
$3.1M
Market Conditions
NOI Build-Up for 51,816 SF
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.
Gross rent
$404.2K $7.80/SF
− Vacancy
−$29.1K −$0.56/SF
EGI
$375.1K $7.24/SF
− OpEx
−$93.8K −$1.81/SF
NOI
$281.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,625,980
Cap Rate 7%
$4,018,557
Cap Rate 9%
$3,125,544
Alternative Uses
Best Use
Office B
$4.02M
$3.52M – $4.69M
NOI $281,299 @ 7.0% cap · market cap 4.33%
Second Best
Industrial
$3.33M
$2.92M – $3.89M
NOI $233,209 @ 7.0% cap · market cap 3.59%
Theoretical Best
Specialty Retail
$10.18M
$8.91M – $11.88M
NOI $712,574 @ 7.0% cap · market cap 10.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,558
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
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Brewery - Renovated five-story building with commercial kitchen, event space, and office tenants.
Where is this brewery located?
The property is located at 812 W HAMILTON STREET 814 Allentown, PA.
What is the asking price?
The asking price for this property is $6,500,000.
What are key features of this property?
This property features: Five‑story, 51,816 SF mixed‑use building in Downtown Allentown; Fully renovated in 2009 and meticulously maintained; Commercial kitchen and support spaces across multiple floors for hospitality and events
