401 Walnut StAllentown, PA 18102

Property Details for 401 Walnut St

Lot size

0.49 AC

Property size (Sq ft)

8,187 SF

Zone code

B-2

Property type

Office buildings

APN

640720863167-1

APU

6407208631671

Description

This charming 300-square-foot office space, located in a three-story building at Unit #22, is perfect for a single tenant seeking a private and efficient workspace. The space features a locked closet with deep shelving, ideal for storage. Rent includes access to two on-site conference rooms, ample parking, all utilities, high-speed internet, and a private mailbox. The office boasts great electrical outlets and an air conditioner. Building access is available 24/7 via an electronic entry system. Restrooms are conveniently located within the building. The building is entirely non-smoking. This location offers exceptional walkability to the Allentown Courthouse, City Hall, and numerous downtown amenities, including restaurants and shops. The total building size is 8,187 square feet. Please note that this space is not suitable for salon-type businesses or daycares, and cannot be used as a residential apartment. The space is available immediately. Similar offices in the area rent for significantly higher prices.

• CAP approach

  CAP return

  Valuation

  6%

  $2,033,778

  6.5%

  $1,877,333

  7%

  $1,743,238

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,076,904

  Geo Method

  $1,069,713

• Alternative Use

  Use

  Valuation

  Residential

  $2,327,893

  Hospitality

  $2,132,338

  Educational

  $1,774,080

  Medical

  $1,835,093

  Retail

  $2,759,680

Location Insight

City

Allentown

County

Lehigh

State

Pennsylvania

Latitude

40.6027

Longitude

-75.4653

CBSA code

10900

CBSA name

ALLENTOWN-BETHLEHEM-EASTON, PA-NJ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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