1518 Walnut St, Unit 1526 Allentown, PA 18102-4406
- Warehouses
- 38,880 SF
- 0.48 lot acres
Current Use by Public Records
- Rodriguez Appliances / Appliance Store
- Allentown Preservation League / Non-Profit Organization
Property Details for 1518 Walnut St
- Year built
- 1920
- Lot size
- 0.48 lot acres
- Property size
- 38,880 SF
- Zone code
- R-MH
- Property type
- Warehouses
- APN
- 549667598172-1
- APU
- 5496675981721
Description
This exceptional 2,338 square foot retail and showroom space is ideally situated at 1518 Walnut Street in Allentown, Pennsylvania, 18102. Located on the first floor of a two-story building (built in 1920), this single-tenant space boasts excellent street frontage on Walnut Street, offering high visibility and accessibility. The property features a convenient front entrance on Walnut Street and a drive-in side door on Fulton Street, along with on-site parking. The space is versatile and suitable for a variety of uses, including but not limited to grocery and convenience stores, sandwich shops, or laundromats. An additional 2,580 square feet of rear storage space is available separately. The property sits on a 0.48-acre lot within a vibrant community, close to St. Luke's Hospital Allentown Campus, Francis D Raub Middle School, Union Terrace Elementary School, and numerous high-rise apartment buildings. The property's zoning is R-MH. The total building size is 58,000 square feet, and the property's APN is 549667598172-1. This location offers easy access to major roadways, ensuring convenient access for both customers and employees. This presents a rare opportunity to establish a business in a highly desirable Allentown location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,375,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,415,000
- 6.5%
- $1,500,000
- 7%
- $1,610,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,620,000
- Geo Method
- $1,570,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,640,000
- Retail
- $1,260,000
- Mixed-Use
- $1,235,000
- Hospitality
- $1,285,000
- Educational
- $1,570,000
- Residential Income
- $1,305,000
- Energy
- $1,485,000
- Income-Based Land
- $1,330,000
- Food Service
- $1,470,000
Location Insight
- Map
- Local Demand
- City
- Allentown
- County
- Lehigh
- State
- Pennsylvania
- Longitude
- -75.488
- Latitude
- 40.5957
- CBSA code
- 10900
- CBSA name
- ALLENTOWN-BETHLEHEM-EASTON, PA-NJ METROPOLITAN STATISTICAL AREA
