Property profile

22 6Th St Allentown, PA 18101

OFF-MARKET
Retail properties & Spaces
21,318 SF
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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

Location

22 6Th St Allentown, PA 18101
Allentown metro
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Value estimations

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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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