937 Walnut StAllentown, PA 18102

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

Investment properties

Property subtype

Live-work space

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.

• 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

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

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