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2236 12th St 2280 Allentown, PA 18103-5602

OFF-MARKET Office buildings Google Maps
44,196 SF 2.23 ac lot Built 1980
Entity Owned 4-yr Hold ~ Est. High Equity
Estimated value (blended)
$2.11M
Range $1.90M – $2.32M (±10%)
Property ID US73-0641703

Property summary

AI-generated overview

This exceptional 44,000-square-foot executive office building is available for lease in Allentown, Pennsylvania. Located at 2236 12th Street, this single-tenant property sits on a generous 2.256-acre lot, offering ample space and potential for a variety of business uses. The building is fully vacant, presenting a unique opportunity for a company seeking a substantial and modern workspace. Key features include the presence of elevators, ensuring convenient access to all floors. The property's location in Lehigh County provides easy access to major transportation routes and amenities, making it an ideal location for businesses seeking a strategic presence in the Allentown area. The building's substantial size and single-tenant occupancy offer significant flexibility for customization and design to meet specific business needs. This is a rare opportunity to secure a large, well-located office space in a thriving Pennsylvania market. The property is zoned for office use and offers a significant amount of space for a variety of business operations. The 44,000 square feet provides ample room for expansion and growth. The 18103 zip code offers convenient access to local amenities and transportation networks. This property is perfect for a company looking for a prominent and spacious location in Allentown. The building's size and features make it suitable for a wide range of businesses. The 2.256-acre lot provides ample parking and potential for future expansion. This is a prime opportunity to establish a significant presence in the Allentown business community.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1980
Total area 44,196 SF
Lot 2.23 ac (96,965 SF)
Zoning code I-3
APN 640508780773-1
UPID US73-0641703

Cap rate & NOI

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

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.21M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.87M
Blend (final) Blend
$2.11M

Owner & transaction history

since 2022
Last sale
$2.0M
7 recorded transactions
2022
$2.0M
2008
$5.5M
2006
Price N/A
2004
$2.4M
2004
$2.4M
2004
$2.4M
1969
Price N/A

Zoning & alternative use

I-3 · Allentown, PA
Zoning description

The purpose of this district is to provide areas suitable for a wide variety of industrial and related uses with controls necessary for insuring sound industrial development

General category INDUSTRIAL

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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