Located in the heart of Lehigh Valley’s industrial corridor, 1038 N Sherman Street presents a rare opportunity to acquire a 2.1-acre parcel with exceptional redevelopment potential. Strategically positioned just minutes from Route 22 and Lehigh Valley International Airport, the site benefits from 97,000 vehicles in average daily traffic and sits within a high-demand logistics and labor market. The property is currently leased on a per-slip basis to parking tenants under short-term, mostly month-to-month agreements, offering immediate upside through rental rate adjustments or full reconfiguration.
Zoned B3 by the City of Allentown, the parcel supports a wide array of permitted uses including warehousing, self-storage, wholesale sales, and select manufacturing, making it ideal for investors seeking flexibility and long-term value creation. The surrounding area boasts a population of over 1 million within a 45-minute drive and a dense labor pool with net negative commuter scores, indicating strong demand for local employment opportunities. Enhanced by electronic gate security and LED lighting, the site is well-equipped for continued operations or redevelopment.
This offering is ideal for institutional buyers, owner-users, or developers looking to capitalize on Lehigh Valley’s status as one of the top U.S. regions for business expansion. With high barriers to entry and irreplaceable location fundamentals, 1038 N Sherman Street is a compelling investment in a thriving logistics and industrial hub.