Property profile

3115 W Tilghman St Allentown, PA 18104

FOR LEASE
Drive through restaurants
Property ID
US73-0658150
2,200 SF 0.75 ac lot Built 1958
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1958
Total area 2,200 SF
Lot 0.75 ac (32,626 SF)
Zoning code NC
APN 548658850937-1
UPID US73-0658150

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
  • Big Box & Wholesale Store (Bike/Boat/Book/etc) Store

Location

3115 W Tilghman St Allentown, PA 18104
Allentown metro Census 6102 ALLENTOWN-BETHLEHEM-EASTON, PA-NJ METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.70M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.70M

Owner & transaction history

since 2024
Last sale
$2.7M
7 recorded transactions
2024
$2.7M
2017
Price N/A
2017
Price N/A
2012
Price N/A
2006
$2.0M
2004
Price N/A
2004
Price N/A

Zoning & alternative use

NC · Allentown, PA

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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