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Allentown Industrial Center | Parking Garage
1518 W Walnut St, Allentown, PA 18102
60,500 SF Multi-Tenant Industrial | Value-Add Opportunity
INVESTMENT HIGHLIGHTS
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Offering Price: $1,375,000
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Total Building Size: 60,500 SF across 3 floors
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Occupancy: 97.5% – 8 of 9 suites leased
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Lease Type: Gross leases with below-market rents (~$2.35/SF average)
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Lot Size: 0.47 Acres
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Zoning: Industrial
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Potential Uses: Industrial, Flex, Storage, Multi-Family Conversion
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Historic Structure: Former parking garage with top-floor vehicle access
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Cap Rate: 8.31% Current | 16.07% Pro Forma
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Year Built: 1920
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