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$1,500,000
Est. payment /mo
13,344 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 13,344 sqft
Price per Sqft $112
MLS Listing ID 775692
HOA Y/N No
Year Built 1920
Annual Tax Amount $4,741
Lot Size 4,138 Sqft
Acres 0.095
Lot Dimensions 21x230
Property Sub-Type Commercial
Property Description
Positioned in the heart of downtown Allentown within the highly sought-after Neighborhood
Improvement Zone (NIZ), this exceptional mixed-use opportunity features a well-established,
high-performing pizza restaurant with a strong local following and consistent foot traffic. The
restaurant occupies the ground level of a prominent four-story building, benefiting from excellent
visibility, steady pedestrian flow, and proximity to major attractions, offices, and residential
developments.
Above the thriving commercial space, the upper three floors present a rare value-add opportunity.
Already wired, plumbed, and partially framed, these levels are primed for completion into nine
residential apartments—offering investors the ability to capitalize on the area's continued growth
and demand for downtown living. With much of the heavy lifting already completed, this
property provides a streamlined path to generating additional rental income while leveraging the
tax advantages and incentives associated with the NIZ.
Whether you're an investor seeking a turnkey business (furnishings, inventory, beer license all included) with upside potential or a developer looking to maximize returns in one of Pennsylvania's fastest-growing urban cores, this property delivers a compelling blend of stability, scalability, and location-driven value.
Improvement Zone (NIZ), this exceptional mixed-use opportunity features a well-established,
high-performing pizza restaurant with a strong local following and consistent foot traffic. The
restaurant occupies the ground level of a prominent four-story building, benefiting from excellent
visibility, steady pedestrian flow, and proximity to major attractions, offices, and residential
developments.
Above the thriving commercial space, the upper three floors present a rare value-add opportunity.
Already wired, plumbed, and partially framed, these levels are primed for completion into nine
residential apartments—offering investors the ability to capitalize on the area's continued growth
and demand for downtown living. With much of the heavy lifting already completed, this
property provides a streamlined path to generating additional rental income while leveraging the
tax advantages and incentives associated with the NIZ.
Whether you're an investor seeking a turnkey business (furnishings, inventory, beer license all included) with upside potential or a developer looking to maximize returns in one of Pennsylvania's fastest-growing urban cores, this property delivers a compelling blend of stability, scalability, and location-driven value.
Location
State PA
County Lehigh
Area Allentown-Central
Direction Call Listing agent
Interior
Heating Gas
Cooling Central Air
Inclusions Real Estate/Business
Fireplace No
Exterior
Parking Features Off Street
Water Access Desc Public
Roof Type Flat
Street Surface Concrete
Road Frontage City Street
Total Parking Spaces 2
Building
Sewer Public Sewer
Water Public
Schools
School District Allentown
Others
Tax ID 640710675802 1
Special Listing Condition None
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Listed by RE/MAX Real Estate
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Office No. 873 325-41 Chestnut St, Ste 800, Philadelphia, PA, 19106
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