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Versatile Rear Warehouse Property in Allentown with Multiple Revenue Streams. Discover a functional and income-generating warehouse property in Allentown, offering modern updates and versatile usage options. This well-maintained building features three tenants and significant parking capacity, making it an attractive investment or operational space. Tenant Mix: One tenant under a secure NNN lease with a 5-year term, providing reliable income. One owner-occupied space, with the owner seeking a leaseback option for seamless continuity. Exterior fenced parking leased to an additional tenant for added revenue. Ample Parking: Spacious exterior parking for approximately 50 vehicles, ideal for tenant and business needs. Modern Updates: Recent improvements enhance functionality while maintaining flexibility for further customization. Flexible Opportunities:This property can be sold individually or as a package deal with the fully renovated front office building, offering expanded operational or investment potential. Prime Location: Strategically positioned in Allentown, the property benefits from excellent access to major highways and business hubs, making it suitable for warehousing, distribution, or other commercial uses. Whether you're an investor seeking a property with stable income or a business owner looking for functional space with leaseback options, this warehouse offers it all.
| DAYS ON MARKET | 162 | LAST UPDATED | 4/17/2025 |
|---|---|---|---|
| YEAR BUILT | 1969 | COMMUNITY | Allentown-East |
| COUNTY | Lehigh | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| School District | Allentown |
|---|
| PRICE HISTORY | |
| Prior to Feb 13, '25 | $1,900,000 |
|---|---|
| Feb 13, '25 - Apr 17, '25 | $1,700,000 |
| Apr 17, '25 - Today | $1,500,000 |
| ADDITIONAL DETAILS | |
| AREA | Allentown-East |
|---|---|
| LOT | 1.815 acre(s) |
| LOT DESCRIPTION | Corner Lot |
| SEWER | Public Sewer |
| TAXES | 21659.9 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with Steel City Realty
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This IDX solution is (c) Diverse Solutions 2025.
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