Restaurant Property with
New
For Sale
$1,700,000
Allentown City, Allentown, PA 18109
CommercialSale, Allentown City, PA
Property Size4,352 SF
Price / SF$390.63
Days on Market2
Property Features for Allentown City
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Gx-C-Residential- Office
Subdivision
Allentown-East
Standard status
Active
Size
4,352 SF
Tenancy & Operations
Currently Operating
Yes
Business Included
Yes
Taxes and HOA fees
Tax Annual Amount
10517
Utilities
Sewer type
Public Sewer
Cooling system
Central Air
Water source
Public
Building Details
Year built
1920
Listing Agency:
IronValley RE of Lehigh Valley
(610) 766-7200
Listed By:
Preet Bajwa
(484) 666-1104
Added: Oct 29
Last Checked: Oct 30 at 1:06AM
MLS# 787156
Copyright © 2026 Greater Lehigh Valley REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 4,352-square-foot restaurant property includes an established bar-and-grill business, restaurant equipment, furniture, and a Pennsylvania R liquor license. The building dates to 1920 and has been renovated. Indoor bar and dining areas are complemented by an outdoor patio, while additional space on the second floor could be upgraded for private gatherings.
The business has served its Lehigh Valley location for decades and has repeat customers. The property is in Allentown, Pennsylvania, and has public water and public sewer service. Zoning is listed as Gx-C-Residential- Office.
The business has served its Lehigh Valley location for decades and has repeat customers. The property is in Allentown, Pennsylvania, and has public water and public sewer service. Zoning is listed as Gx-C-Residential- Office.
Key Highlights
- 4,352‑square‑foot restaurant property
- Sale includes the real estate, operating business, equipment, and furniture
- Pennsylvania R liquor license included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,849
Cap Rate
3.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,196,980
$1.2M
Cap Rate 7%
$854,986
$855.0K
Cap Rate 9%
$664,989
$665.0K
Market Conditions
NOI Build-Up for 4,352 SF
Gross rent
$83.6K $19.20/SF
− Vacancy
−$3.8K −$0.86/SF
EGI
$79.8K $18.34/SF
− OpEx
−$19.9K −$4.58/SF
NOI
$59.8K $13.75/SF
Area
Allentown, PA
Vacancy
4.50%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,196,980
Cap Rate 7%
$854,986
Cap Rate 9%
$664,989
Alternative Uses
Best Use
Specialty Retail
$855.0K
$748.1K – $997.5K
NOI $59,849 @ 7.0% cap · market cap 3.52%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
1,978
Businesses Nearby
12k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 76%
Electronics 24%
Dunkin' Donuts
Dining
9,041 visits/mo
0.4 miles
Boost Mobile
Electronics
1,317 visits/mo
0.4 miles
Metro by T-Mobile
Electronics
964 visits/mo
0.4 miles
Cricket Wireless Authorized Retailer
Electronics
538 visits/mo
0.3 miles
Demographics for 18109, PA
18,915
Population
7,395
Households
2.6
Avg Household Size
37
Median Age
19%
College-Educated
80%
High-School Grad
8.2 sq mi
ZIP Area
2,307
Density / Sq Mi
$55,437
Median Household Income
$36,632
Median Earnings
$1,239
Median Rent
$180,200
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - The offering combines the real estate with an operating restaurant, furnishings, kitchen equipment, and a Pennsylvania R liquor license.
Where is this conventional restaurant located?
The property is located at Allentown City Allentown, PA.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: 4,352‑square‑foot restaurant property; Sale includes the real estate, operating business, equipment, and furniture; Pennsylvania R liquor license included
