401 Walnut StAllentown, PA 18102

  • Office properties
  • 8,187 SF
For Lease

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 properties
Property subtype
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • 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
401 Walnut St, Allentown, Pennsylvania

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

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
$11,092
$151,800
$113,600
$265,400
-
$151,800
$113,600
$265,400

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].