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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

  • Offering Price: $1,375,000

  • Total Building Size: 60,500 SF across 3 floors

  • Occupancy: 97.5% – 8 of 9 suites leased

  • Lease Type: Gross leases with below-market rents (~$2.35/SF average)

  • Lot Size: 0.47 Acres

  • Zoning: Industrial

  • Potential Uses: Industrial, Flex, Storage, Multi-Family Conversion

  • Historic Structure: Former parking garage with top-floor vehicle access

  • Cap Rate: 8.31% Current | 16.07% Pro Forma

  • Year Built: 1920

Hyperion Capital Partners

©2023 by Hyperion Capital Partners. 

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