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Property profile & analytics
FOR LEASE
Parking lots & garages

1802 S 12Th St Allentown, PA 18103

1.91 ac lot
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US73-2573071
Property summary
AI-generated overview

This exceptional 1.9-acre industrial property presents a unique opportunity for distribution businesses seeking convenient access to major transportation arteries. Located at 1802 S 12th St in Allentown, Pennsylvania, 18103, this single-tenant site boasts a paved parking lot ideal for accommodating trucks, trailers, and heavy industrial equipment. Its zoning is designated as Industrial, ensuring suitability for a wide range of distribution operations. The property's strategic location offers unparalleled convenience, situated just 0.5 miles from Interstate 78, providing seamless connectivity to regional and national transportation networks. The expansive 1.9-acre lot provides ample space for maneuvering and storage, making it an attractive option for businesses requiring significant yard space. This property is ready for immediate occupancy and presents a compelling investment opportunity for businesses seeking a well-located, functional, and readily accessible distribution center in the thriving Allentown market. The property's size and location make it an ideal candidate for a variety of industrial uses, offering significant potential for growth and profitability. The existing paved parking lot eliminates the need for significant upfront investment in site preparation, allowing for a quick and efficient transition to operational status.

Property profile
Verified
Property type Parking lots & garages
Use group PARKING LOT
Lot 1.91 ac (83,112 SF)
Zoning code B-4
APN 549691786367-1
UPID US73-2573071
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
Current use
Occupant on record · Public records
  • Chem & Lube Oil Wholesaler
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$9.83M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$14.03M
Owner & transaction history
1801 12th Street LLC · 3 yrs held
1801 12th Street LLC
since 2022
Last sale
$13.8M
4 recorded transactions
2022
$13.8M
2012
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
B-4 · Allentown, PA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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