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    2820 Mitchell Ave Allentown, PA 18103

    Sponsored
    For Lease
    $10 SF/Yr ($14,381 /Mo)

    7,840 SF Manufacturing/Warehouse Space

    Lot size:
    15,760 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 15,760-square-foot industrial property, located at 2820 Mitchell Avenue in Allentown, Pennsylvania, presents a unique opportunity. The building, constructed in 1979 and renovated in 2014, is classified as Class C and sits on a 1.059-acre lot. Currently, 7,840 square feet of space is available for lease. The property is zoned I-2 Industrial Classification and features multiple tenants. The available space is a front unit, and the owner is not able to subdivide it. It is divided into two sections and is offered at a net rate of $10.95 per square foot. The property boasts convenient features including three loading doors and a robust power supply of 3-phase, 120-240 volt, 400 amp service. The property's Lehigh County location (APN: 549595014442-001) offers excellent access to transportation networks and a thriving industrial sector. This versatile space is suitable for various uses, including manufacturing, warehousing, medical office, flex space, and R&D. The property is not for sale. This is an ideal opportunity for businesses seeking a well-maintained, functional space in a prime Allentown location. Inquire today to learn more about this exceptional leasing opportunity.

    Property Features for 2820 Mitchell Ave

    General Information

    Property type
    Life science properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    15,760 SF
    Class
    C
    Total Rate
    14381

    Building Details

    Year Built/Renovated
    1979/2014

    Unit(s) available at that property

    Space
    Front Unit
    Size
    7,840 SF
    Rate per SF
    $10

    HighLights

    • Tenant improvement allowance available.
    • Base rent includes modest work letter.
    • Excellent I‑78 access via Lehigh Street exits.
    • Highly adaptable floor plan.
    • Existing medical tenant (kidney dialysis) in adjacent space.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bollu Ravindra MD Nephrologist Pristine Custom Wood ... Furniture Maker Fresenius Kidney Care ... Dialysis Center

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Allentown
    County
    Lehigh
    State
    Pennsylvania
    Longitude
    -75.4806055
    Latitude
    40.5604859

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    FAQs

    What type of property is this?
    Life science property - 7,840 SF Manufacturing/Warehouse Space
    Where is this life science property located?
    The property is located at 2820 Mitchell Ave Allentown, PA.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: Tenant improvement allowance available.; Base rent includes modest work letter.; Excellent I-78 access via Lehigh Street exits.
    Request Owner's contact information
    2820 Mitchell Ave Allentown, PA 18103
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    Realmo Value Estimation

    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.

    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.

    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
    2820 Mitchell Ave Allentown, PA 18103
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