1836 Catasauqua RdAllentown, PA 18109
- Retail properties
- 4,671 SF
Property Details for 1836 Catasauqua Rd
- Year built
- 1980
- Lot size
- 1.00 AC
- Property size (Sq ft)
- 4,671 SF
- Zone code
- PC
- Property type
- Retail properties
- Property subtype
- Turn key restaurants
- APN
- 641814338565-1
- APU
- 6418143385651
Description
Valley Plaza Shopping Center offers a prime 8,450 square foot retail space for lease, situated within a thriving 148,267 square foot shopping center. This Class B property, built in 1981, features two single-story buildings and ample parking with 500 spaces. The available space is part of a multi-tenant building with a total of 18 suites, offering excellent visibility and accessibility. The minimum divisible space is 8,450 square feet, with a maximum contiguous space of 8,450 square feet. The property sits on a 25.22-acre lot and enjoys a highly desirable location directly across from Airport Center, a major power center anchored by Target, Sam's Club, and Christmas Tree Shop. This ensures high foot traffic and strong brand recognition. The center boasts a diverse mix of established tenants including Aldi, Ollie's Bargain Outlet, Massage Envy, and many more. Its strategic location in Lehigh County provides easy access to major roadways such as Route 22, Route 309, Interstate 78, and the Northeast Extension of the Pennsylvania Turnpike, ensuring convenient access for customers and employees. The lease rate is $14 per square foot, NNN. This exceptional opportunity presents a strong investment potential in a bustling retail environment.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,705,713
- 6.5%
- $1,574,504
- 7%
- $1,462,040
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,548,326
- Geo Method
- $1,537,988
-
Alternative Use
- Use
- Valuation
- Residential
- $1,328,153
- Hospitality
- $1,216,581
- Educational
- $1,012,181
- Medical
- $1,046,992
- Retail
- $1,574,504
Location Insight
- City
- Allentown
- County
- Lehigh
- State
- Pennsylvania
- Latitude
- 40.6397
- Longitude
- -75.4333
- CBSA code
- 10900
- CBSA name
- ALLENTOWN-BETHLEHEM-EASTON, PA-NJ METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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