128 N 8th St - Warehouse FOR SALE


Allentown, PA 18101- City Center
$7,995,000 USD
484-764-4912
128 N 8th St, Allentown, PA for Sale
$7,995,000 USD
Warehouse - FOR SALE
1/120
null | 7.09% Cap Rate

128 N 8th St
Allentown, PA 18101
City Center


HIGHLIGHTS

  • Scale + Configuration That’s Hard to Replicate
  • Prime Downtown Location with Regional Connectivity
  • Stabilized Asset with Modern Operations

OVERVIEW

Offering a rare opportunity to acquire two apartment buildings consisting of 36 residential units and 1 commercial space, situated across 5 parcels of land and inclusive of on-site parking lots. Originally constructed in 1930 as an industrial building, the property was converted to apartments in 2013, blending historic character with modern functionality. The property is located within two blocks of Hamilton Street in the heart of downtown Allentown, providing residents with convenient access to restaurants, retail, and entertainment venues. The buildings are also situated within ten minutes of I-78 and I-476, offering efficient vehicular access throughout the Lehigh Valley. The 5 parcel configuration includes two primary buildings and associated parking areas, enhancing functionality and long-term flexibility for ownership and operations. The property is currently managed using the Innago property management platform, allowing for streamlined operations, rent collection, and reporting, contributing to ease of ownership and management efficiency. Assets of this scale, location, and configuration are increasingly difficult to find in the downtown Allentown market. This offering presents a compelling opportunity for investors seeking a stabilized urban asset with long-term upside. Schedule a showing to explore the potential and move this opportunity forward.

FOR SALE DETAILS

PRICE

$7,995,000 USD

PRICE/SF

$426 USD /SF

CAP RATE

7.09%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

1930

UTILITIES

Lighting, Gas, Water - City, Sewer, Heating

CLEAR CEILING HT

-

DOCKS

1

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.32

LAND SF

14,146

ZONING

B-2

APN/PARCEL ID

640700085676-1,640700086520-1,640700090892-1,640700093059-1,640700098771-1

ASK ABOUT THIS PROPERTY

Jose OrtizI-Do Real EstateMore Info
484-764-4912

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Jose OrtizI-Do Real EstateMore Info
484-764-4912

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.