937 Walnut StAllentown, PA 18102

  • Mixed-use properties
  • 2,376 SF
For Lease
$21,600/SF/YR View listing

Property Details for 937 Walnut St

Year built
1900
Construction
BRICK
Lot size
0.05 AC
Property size (Sq ft)
2,376 SF
Zone code
B-2
Property type
Mixed-use properties
Property subtype
Other investment properties
APN
549699749192-1
APU
5496997491921

Description

This exceptional 800-square-foot retail space is available for lease at 937 Walnut Street in Allentown, Pennsylvania. Located in the heart of Allentown's vibrant downtown, this single-tenant property offers unparalleled visibility and convenience. Built in 1900, the space is situated within a larger building totaling 2,376 square feet and is currently offered in a vanilla shell condition. The property includes one bathroom and a reception area, providing a functional layout adaptable to a variety of uses. Ideal for businesses such as service offices, tax preparation services, notary services, or salons, this location benefits from its proximity to newly developed Class A office spaces, apartments, and retail establishments, ensuring high foot traffic and a strong customer base. The property's central location also places it near significant landmarks like the PP&L building and the newly constructed Da Vinci Science Center, a 67,000-square-foot structure with extensive interactive exhibits, further enhancing its appeal and attracting a diverse clientele. The property is zoned B-2-Central Business (APN: 549699749192 001, Lehigh County). This is a rare opportunity to secure a well-positioned retail space in a thriving downtown area. Contact us today to learn more and schedule a viewing.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $590,235
    6.5%
    $544,832
    7%
    $505,916
  • Comparable approach

    Method
    Valuation
    Relative Method
    $312,535
    Geo Method
    $310,448
  • Alternative Use

    Use
    Valuation
    Residential
    $675,592
    Hospitality
    $618,839
    Educational
    $514,867
    Medical
    $532,574
    Retail
    $800,904
937 Walnut St, Allentown, Pennsylvania

Location Insight

City
Allentown
County
Lehigh
State
Pennsylvania
Latitude
40.5996
Longitude
-75.4763
CBSA code
10900
CBSA name
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$4,992
$14,700
$137,900
$152,600
-
$14,700
$137,900
$152,600

FAQs

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