1518 Walnut StAllentown, PA 18102

  • Industrial properties
  • 38,880 SF
For Lease
$8.14/SF/YR View listing

Property Details for 1518 Walnut St

Year built
1920
Lot size
0.48 AC
Property size (Sq ft)
38,880 SF
Zone code
R-MH
Property type
Industrial properties
Property subtype
Other warehouses
APN
549667598172-1
APU
5496675981721

Description

This exceptional 2,338 square foot retail and showroom space is ideally situated at 1518 Walnut Street in Allentown, Pennsylvania, 18102. Located on the first floor of a two-story building (built in 1920), this single-tenant space boasts excellent street frontage on Walnut Street, offering high visibility and accessibility. The property features a convenient front entrance on Walnut Street and a drive-in side door on Fulton Street, along with on-site parking. The space is versatile and suitable for a variety of uses, including but not limited to grocery and convenience stores, sandwich shops, or laundromats. An additional 2,580 square feet of rear storage space is available separately. The property sits on a 0.48-acre lot within a vibrant community, close to St. Luke's Hospital Allentown Campus, Francis D Raub Middle School, Union Terrace Elementary School, and numerous high-rise apartment buildings. The property's zoning is R-MH. The total building size is 58,000 square feet, and the property's APN is 549667598172-1. This location offers easy access to major roadways, ensuring convenient access for both customers and employees. This presents a rare opportunity to establish a business in a highly desirable Allentown location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $11,055,147
    Hospitality
    $10,126,455
    Educational
    $8,425,092
    Medical
    $8,714,844
    Retail
    $13,105,699
1518 Walnut St, Allentown, Pennsylvania

Location Insight

City
Allentown
County
Lehigh
State
Pennsylvania
Latitude
40.5957
Longitude
-75.488
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
$18,426
$77,600
$471,200
$548,800
-
$77,600
$471,200
$548,800

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