3115 Tilghman St Allentown, PA 18104-4221
- Drive through restaurants
- 2,200 SF
- 0.75 lot acres
Current Use by Public Records
- Lehigh Valley Gold Buyer / Coin Dealer / Diamond Buyer
Property Details for 3115 Tilghman St
- Year built
- 1958
- Lot size
- 0.75 lot acres
- Property size
- 2,200 SF
- Zone code
- NC
- Property type
- Drive through restaurants
- APN
- 548658850937-1
- APU
- 5486588509371
Description
This exceptional 9,925-square-foot retail property, located at 3115 W Tilghman Street in Allentown, Pennsylvania, presents a compelling investment opportunity. Built in 1958 and boasting a 100% occupancy rate, this single-story, multi-tenant shopping center is situated on a heavily trafficked corridor in Allentown's West End. The center currently houses a diverse mix of established businesses including Nowhere Coffee Co., Budget Beverage, High End Smoke Shop, Gold Buyer, and Cigar Box. Recent capital improvements exceeding $1 million have enhanced the property's appeal and functionality. Each tenant benefits from prominent monument signage, with additional signage permitted on each building. Convenient access is provided by two main entrances on Tilghman Street, complemented by approximately 160 parking spaces. The property is zoned for commercial use and enjoys a prime location within a thriving region, benefiting from its proximity to major East Coast population centers like New York City, Philadelphia, Baltimore, and Washington, D.C. The Lehigh Valley's robust demographics, with a significant portion of households earning over $50,000 annually, underscore the strong potential for continued success and high returns. This fully leased retail center offers a rare opportunity to acquire a stable, income-generating asset in a desirable location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,700,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,630,000
- 6.5%
- $2,790,000
- 7%
- $2,655,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,420,000
- Geo Method
- $2,505,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,465,000
- Retail
- $2,915,000
- Mixed-Use
- $2,585,000
- Hospitality
- $2,415,000
- Educational
- $2,365,000
- Residential Income
- $3,090,000
- Energy
- $2,900,000
- Income-Based Land
- $2,930,000
- Food Service
- $2,675,000
Location Insight
- Map
- Local Demand
- City
- Allentown
- County
- Lehigh
- State
- Pennsylvania
- Longitude
- -75.5267
- Latitude
- 40.5984
- CBSA code
- 10900
- CBSA name
- ALLENTOWN-BETHLEHEM-EASTON, PA-NJ METROPOLITAN STATISTICAL AREA
