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    22 6Th St Allentown, PA 18101

    Sponsored
    For Sale
    $3,400,000

    Prime Downtown Allentown Restaurant

    Property size:
    21,318 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional six-story, 21,318-square-foot building presents a unique investment opportunity in the revitalized heart of Allentown, Pennsylvania. Located at 22 N 6th St, in Lehigh County, this property boasts a prime location adjacent to the Arts Walk and benefits from the significant investment and development spurred by the Neighborhood Improvement Zone (NIZ) initiative. Previously home to high-end establishments like The Cosmopolitan and Hook Seafood Restaurant, this fully renovated space features top-of-the-line finishes throughout, including a unique glass rooftop bar—the only one in Allentown. With 100 feet of frontage on N 6th Street, the versatile layout offers significant potential for various uses, including its original configuration as a restaurant, event space, or catering facility. Alternatively, its size and features could be adapted for a boutique hotel or high-end residential development. The property is currently vacant and zoned B-1, offering flexibility for a wide range of commercial ventures. The asking price is $3,400,000, translating to $159.49 per square foot. This is a rare chance to acquire a landmark property in a thriving urban environment. The current owner will consider leasing options to qualified tenants.

    Property Features for 22 6Th St

    General Information

    Property type
    Restaurants
    Square Feet
    21,318 SF

    Building Details

    Stories
    6

    HighLights

    • 21,318 SF restaurant space.
    • Fully renovated restaurant with high‑end finishes.
    • 100 feet of frontage on N 6th Street.
    • Prime location adjacent to the Arts Walk.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bars

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Allentown
    County
    Lehigh
    State
    Pennsylvania
    Longitude
    -75.470075628588
    Latitude
    40.603378420228

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    FAQs

    What type of property is this?
    Restaurant - Prime Downtown Allentown Restaurant
    Where is this restaurant located?
    The property is located at 22 6Th St Allentown, PA.
    What is the asking price?
    The asking price for this property is $3,400,000.
    What are key features of this property?
    This property features: 21,318 SF restaurant space.; Fully renovated restaurant with high-end finishes.; 100 feet of frontage on N 6th Street.
    Request Owner's contact information
    22 6Th St Allentown, PA 18101
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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
    22 6Th St Allentown, PA 18101
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