Property profile

924 Walnut St Allentown, PA 18102

OFF-MARKET
Office buildings
Property ID
US73-0428475
1,648 SF 0.04 ac lot Built 1880
Individually Owned 7-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

924 W Walnut Street is a mixed-use commercial building that has been used as a bakery. The property is located within a neighborhood commercial corridor with access to nearby residential areas and commercial nodes. The 1,648-square-foot building sits on a 0.041-acre lot. The first floor is configured for bakery/café/specialty food use and can be adapted for similar retail or food-service concepts. The second floor is laid out in a way that may support conversion to professional office space or a residential apartment. The building’s mixed-use layout provides options for an owner-user operation on the ground level with occupancy or leasing potential on the upper floor, and it is also suited to investors seeking potential redevelopment into office or residential use.

Property profile

Verified
Property type Office buildings
Use group PROFESSIONAL BUILDING (MULTI-STORY)
Year built 1880
Construction BRICK
Total area 1,648 SF
Lot 0.04 ac (1,768 SF)
Zoning code B-2
APN 640609032354-1
UPID US73-0428475

Cap rate & NOI

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

Location

924 Walnut St Allentown, PA 18102-4806
Allentown metro Census 9700 ALLENTOWN-BETHLEHEM-EASTON, PA-NJ METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
$280k

Owner & transaction history

since 2018
6 recorded transactions
2018
$170,000
2002
Price N/A
2000
$50,000
1997
$39,900
1969
Price N/A
1969
Price N/A

Zoning & alternative use

B-2 · Allentown, PA
Zoning description

ely residential, the sign regulations shall apply that would otherwise apply to the R-M district, or its successor zoning district. For other portions of the PRD, the sign regulations shall apply that would apply to the…

General category CIVIC_INSTITUTIONAL

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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