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1690 Race St Allentown, PA 18109-9580

OFF-MARKET Warehouses Google Maps
73,890 SF 3.28 ac lot Built 1977
Entity Owned 4-yr Hold ~ Est. High Equity
Estimated value (blended)
$6.86M
Range $6.17M – $7.54M (±10%)
Property ID US73-1170238

Property summary

AI-generated overview

This exceptional 73,890-square-foot industrial property, located at 1690 E Race St in Allentown, PA 18109, offers a prime opportunity for businesses seeking flexible warehouse and manufacturing space. The single-story building, constructed in 1977 and renovated in 2021, features a 18-foot ceiling height, providing ample vertical storage capacity. The property boasts nine loading docks, including seven dock-high doors and two drive-in doors, ensuring efficient loading and unloading operations. With 3.28 acres of land, there is ample room for expansion or outdoor storage. The space is divisible, with a minimum of 33,850 square feet and a maximum contiguous space of 40,040 square feet available. The property is classified as Class B and is zoned for industrial use. Utilities include public water, sewer, and natural gas, along with robust 3-phase power (800 amps, 480 volts). A wet sprinkler system is in place for fire protection. Conveniently located one mile from US-22, this property offers excellent access to major transportation routes. The property is situated in Hanover Township, Lehigh County. This versatile space is ideal for various industrial uses, including manufacturing, warehousing, and distribution. Two suites are available.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1977
Total area 73,890 SF
Lot 3.28 ac (142,877 SF)
Zoning code PIO
APN 640992324234-1
UPID US73-1170238

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Corporate Office

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$6.77M
CAP Approach CAP
$7.03M
Comparable Approach Comparable
$4.44M
Blend (final) Blend
$6.86M

Owner & transaction history

since 2021
Last sale
$6.2M
2 recorded transactions
2021
$6.2M
2012
Price N/A

Zoning & alternative use

PIO · Allentown, PA
Top alternative use upside
Commercial (general) $9.2M +69.8%
Apartment house (5+ units) $8.1M +49.8%
Retail stores $7.6M +41.5%

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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