Property profile

1135 Hamilton St Allentown, PA 18101

OFF-MARKET
Retail properties & Spaces
0.33 ac lot Built 1900
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Property summary

AI-generated overview

This exceptional 3,000 square foot restaurant and lounge space is available for lease in Allentown, Pennsylvania. Located just one block from the thriving Neighborhood Improvement Zone (NIZ), this property offers a unique opportunity to capitalize on significant ongoing development and revitalization efforts. The space is delivered in a "v-shell" condition, featuring an existing hood system, ideal for a quick and efficient setup. The layout is designed for versatility, with first-floor takeout capabilities, a second-floor dining area perfect for events, and an outdoor deck providing extra seating and entertainment options. The NIZ, a state tax district established in 2011, has already spurred over a billion dollars in redevelopment, attracting major projects such as the PP&L Event Center, numerous Class A office buildings, and the new Da Vinci Science Center. This dynamic area continues to experience substantial growth, creating a highly promising environment for businesses seeking expansion and success. The ongoing investment and revitalization within the NIZ present a compelling opportunity for significant return on investment. This property's prime location and adaptable design make it an ideal space for a thriving restaurant or lounge concept. The proximity to the NIZ ensures high visibility and access to a growing customer base. The outdoor deck adds a unique amenity, enhancing the overall appeal and functionality of the space. This is a rare chance to establish a business in a rapidly developing and highly sought-after area of Allentown.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1900
Lot 0.33 ac (14,375 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1135 Hamilton St Allentown, PA 18101
Allentown metro
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Value estimations

Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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