Technical
Financial
Distress signals
Property profile

2805 Lehigh St Allentown, PA 18103

OFF-MARKET
Turn key restaurants
Property ID
US73-2853379
6,989 SF 1.35 ac lot Built 2000
Entity Owned 15-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional free-standing retail or restaurant space, formerly a Rodizio Grill, presents a unique investment opportunity in Lehigh County. The building boasts a substantial 6,989 square feet, with 6,700 square feet currently available for lease. Situated on a generous 1.346-acre lot, the property offers ample parking with 100 spaces to accommodate customers and staff. Its strategic location provides unparalleled visibility and accessibility, benefiting from its proximity to I-78 and an average daily traffic count of 140,000 vehicles. The existing building is in excellent condition, and the previous tenant's fixtures, fittings, and equipment (FF&E) remain in place, presenting a significant advantage for a quick and cost-effective setup. This single-tenant property is ideal for a variety of businesses seeking a high-traffic location with substantial space and ample parking. The property's size and location make it an attractive option for a restaurant or other retail establishment looking to establish a strong presence in a thriving area. The existing infrastructure and readily available parking significantly reduce the initial investment required for a new tenant. This is a rare opportunity to acquire a well-maintained, high-visibility property in a prime location.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 2000
Total area 6,989 SF
Lot 1.35 ac (58,632 SF)
Zoning code B-3
APN 549575678970-1
UPID US73-2853379

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
  • Golf Instructor
  • Restaurant
  • Restaurant

Location

2805 Lehigh St Allentown, PA 18103-7002
Allentown metro Census 1402 ALLENTOWN-BETHLEHEM-EASTON, PA-NJ METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$460k
CAP Approach CAP
by Request
Comparable Approach Comparable
$714k
Blend (final) Blend
$740k

Owner & transaction history

since 2011
4 recorded transactions
2018
Price N/A
2011
$1.1M
1969
Price N/A
1969
Price N/A

Zoning & alternative use

B-3 · Allentown, PA
Zoning description

IG- or IM-zoned lots or on lots that were classified in the B-3 zoning district on the day before the effective date specified 10-11 CITY OF ALLENTOWN PA Zoning Ordinance Article 10 Signs 660-101 Signs in MX-C, MX-S, GX-…

General category COMMERCIAL

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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