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Allentown Commons Portfolio 5 Retail Properties in Allentown, PA
Investment Highlights
- Turnkey investment opportunity with strong in-place cash flow.
- Anchored by Family Dollar and Planet Fitness, providing tenant stability.
- Centrally located in one of Pennsylvania’s fastest-expanding markets with nearby residential and commercial growth.
- 97% leased and occupied with a solid mix of national and local tenants.
- Significant traffic exposure with approximately 24,536 vehicles passing daily.
- Within a three-mile radius, population will reach approximately 138,615 by 2025, reinforcing future market strength.
Executive Summary
Allentown Commons presents a rare turnkey investment opportunity in Pennsylvania’s growing Lehigh Valley. This fee-simple offering encompasses a 70,612-square-foot community shopping center strategically positioned along Hanover Avenue with excellent visibility and ease of access between Allentown and Bethlehem CBDs. Currently 97% leased and anchored by nationally recognized tenants including Family Dollar and Planet Fitness, the property delivers secure cash flow supported by a weighted average lease term of 3.9 years.
The five-building layout and ample parking support consistent consumer traffic, enhanced by visibility at a major intersection with over 24,000 vehicles per day. Within a three-mile radius, the population reaches 138,615 with robust average household incomes, projected for continued growth. The property benefits from proximity to major highways, educational institutions, and planned development phases, which include new schools and mixed-use projects, positioning Allentown Commons for enduring demand and long-term value creation.
The five-building layout and ample parking support consistent consumer traffic, enhanced by visibility at a major intersection with over 24,000 vehicles per day. Within a three-mile radius, the population reaches 138,615 with robust average household incomes, projected for continued growth. The property benefits from proximity to major highways, educational institutions, and planned development phases, which include new schools and mixed-use projects, positioning Allentown Commons for enduring demand and long-term value creation.
Property Facts
| Sale Type | Investment | Individually For Sale | 0 |
| Status | Active | Total Building Size | 75,824 SF |
| Number of Properties | 5 | Total Land Area | 33.25 AC |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 5 |
| Individually For Sale | 0 |
| Total Building Size | 75,824 SF |
| Total Land Area | 33.25 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Bldg E
1302 Hanover Ave, Allentown, PA 18109 |
Retail | 20,469 SF | 1982 | - |
|
Bldg A
1302 Hanover Ave, Allentown, PA 18109 |
Retail | 17,158 SF | 1982 | - |
|
Bldg C
1302 Hanover Ave, Allentown, PA 18109 |
Retail | 17,158 SF | 1982 | - |
|
Bldg B
1302 Hanover Ave, Allentown, PA 18109 |
Retail | 13,514 SF | 1982 | - |
|
Bldg D
1302 Hanover Ave, Allentown, PA 18109 |
Retail | 7,525 SF | 1982 | - |
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