Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1285 Airport Rd Allentown, PA 18109

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Allentown, PA: Prime Retail Space Available

    Lot size:
    20,000 SF

    Property Features for 1285 Airport Rd

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    20,000 SF
    Class
    B

    Spaces For Lease

    at 1285 Airport Rd, Allentown, PA 18109 Contact us

    We can help!

    Listing Contact
    James J. Balliet
    James J. Balliet

    Listing Agency: Keller Williams Real Estate Listing Agent: James J. Balliet

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Airport Plaza offers a unique investment opportunity in Allentown, PA. This Class B retail property, situated on a high-traffic section of Airport Road, boasts a prominent location directly across from Coca-Cola Park. The property consists of a two-acre lot currently housing a Redner's and Family Dollar anchored shopping center. A significant opportunity exists for expansion: a 20,000 square foot pad site is available for ground lease, or the owner will build-to-suit for credit tenants. This presents a compelling option for businesses seeking a high-visibility location with significant potential for growth. Additionally, a smaller, 1,600 square foot inline retail space is immediately available for lease. The property is zoned B-4, making it suitable for a variety of uses, including automotive, medical, and retail establishments. The two-acre lot provides ample space for development, and the existing tenancy provides a strong foundation for a thriving retail center. This is an exceptional chance to secure a prime location in a busy and established commercial area. The property's high visibility and convenient location make it an ideal choice for businesses seeking to establish a strong presence in the Allentown market. Contact us to discuss lease terms and build-to-suit options.
    Property Profile Location Intelligence

    Current Use by Public Records

    Neighborhood centers

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Allentown
    County
    Lehigh
    State
    Pennsylvania
    Longitude
    -75.440652521047
    Latitude
    40.629736927998

    Nearby Similar for Lease

    • $8,500 /Mo
      70,001 SF

      Established Auto Salvage & Repair Hub

      Turn-key auto salvage and repair business for lease in Allentown.
      299 W Cedar St, Allentown, PA 18102
      View Details
    • $21 SF/Yr
      3,704 SF

      Retail Space in Allentown, PA

      Retail space for lease near upcoming waterfront development.
      209 W Union St, Allentown, PA 18102
      View Details
    • $1,200 /Mo

      Affordable Allentown Commercial Space For Rent

      Affordable commercial space in high-traffic area, available for rent.
      1005 S Cedar Crest Blvd, Allentown, PA 18103
      View Details
    • $3,000 /Mo

      Allentown Retail/Office Space For Rent

      Prime retail or office space in Allentown's West End.
      2895 Hamilton Boulevard Byp, Allentown, PA 18104
      View Details
    • $2,950 /Mo

      Allentown Commercial Space For Rent

      Commercial space suitable for contractors and property management companies.
      316 N Madison St, Allentown, PA 18102
      View Details
    • $2,500 /Mo
      4,617 SF

      Allentown City Office Space Available

      Office space near Lehigh County Courthouse and City Hall.
      441 W Linden St, Allentown, PA 18102
      View Details
    • $1,200 /Mo

      South Whitehall Office Suite For Rent

      Professional office suite in high-traffic location near new development.
      2814 Walbert Ave, Allentown, PA 18104
      View Details
    • $2,200 /Mo
      915 SF

      Allentown City Commercial Space Available

      Commercial rental with high visibility, convenient access, and parking.
      140 N 7Th St, Allentown, PA 18101
      View Details
    • $2,950 /Mo
      230,432 SF

      Unique Space with Commercial Kitchen

      Versatile space with commercial kitchen, suitable for various businesses.
      1183 Grange Rd, Allentown, PA 18106
      View Details
    • $14 SF/Yr
      31,363 SF

      Allentown Class "A" Office Building

      Class "A" office building in West End Allentown for lease.
      1226-1232 W Green St, Allentown, PA 18104
      View Details
    • $12 SF/Yr

      Retail Space in Allentown City

      Established retail center with national and local tenants on Lehigh Street.
      1471 Lehigh St, Allentown, PA 18103
      View Details
    • $14 SF/Yr

      Allentown Retail Space For Rent

      Retail space available in well-established Allentown shopping center.
      1471 Lehigh St, Allentown, PA 18103
      View Details

    FAQs

    What type of property is this?
    Neighborhood center - Allentown, PA: Prime Retail Space Available
    Where is this neighborhood center located?
    The property is located at 1285 Airport Rd Allentown, PA.
    What are key features of this property?
    This property features: High-visibility location across from Coca-Cola Park on Airport Road.; Build-to-suit option for credit tenants.; Two-acre pad site available for ground lease.
    (610) 435-1800 Call to check price and availability
    Request Owner's contact information
    1285 Airport Rd Allentown, PA 18109
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1285 Airport Rd
    Allentown, PA 18109
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1285 Airport Rd Allentown, PA 18109
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing James J. Balliet
    James J. Balliet
    Real Estate License ID: PA RS227612L
    (610) 435-1800 (610) 972-6808 (215) 664-1091
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!