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    OFF-MARKET
    Retail properties & Spaces

    22 6Th St, Allentown, PA 18101

    21,318 SF
    Property ID
    Property summary
    AI-generated overview

    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 profile
    Verified
    Property type Retail properties & Spaces
    Total area 21,318 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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