Office Space
223 North Fountain Street Allentown, PA 18102
Details & Description
Price: $2,860,000
    The Daniel Perich Group of KW Commercial Real Estate is offering this 26-unit multifamily portfolio for sale in Allentown. Properties consists of 9 buildings ranging from 2 to 5 units each. Portfolio is currently self-managed with minimal expenses. Room for rent growth. Seller would consider selling properties individually. Allentown is a city located in Lehigh County, Pennsylvania, United States. It is Pennsylvania’s third most populous city. As of the 2010 census, the city had a total population of 118,032 and is currently the fastest growing city in all of Pennsylvania with over 1.4 million square feet of mixed-use office and retail space. It is the largest city in the metropolitan area known as the Lehigh Valley, which had a population of 821,623 residents as of 2010. Allentown constitutes a portion of the New York City Combined Statistical Area and is the county seat of Lehigh County. In 2012, the city celebrated the 250th anniversary of its founding in 1762. Allentown is 50 miles north-northwest of Philadelphia, 90 miles east-northeast of Harrisburg, the state capital, and 90 miles west of New York City, the nation’s largest city. It is home to Fortune 500’s, landmark regional brands, local business, and startups.
    Listing Agents
    Robert Velez

    O: 570-213-4900
    M: 646-671-8635
    rvelez@kwcommercila.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    223 North Fountain Street

    Allentown, PA 18102

    Listing ID: 264601
    • 223 North Fountain Street Allentown, PA 18102 | for Sale | Photo 1
    • 223 North Fountain Street Allentown, PA 18102 | for Sale | Photo 2
    223 North Fountain Street | for Sale | Thumbnail 1
    223 North Fountain Street | for Sale | Thumbnail 2
    Building Size: 25,830 SF
    Lot Size: 0.600 AC
    Land Size: 26,136 SF
    Building $/SF: $110.72
    Land $/SF: $109.43
    Price
    $2,860,000
    Description



    The Daniel Perich Group of KW Commercial Real Estate is offering this 26-unit multifamily portfolio for sale in Allentown. Properties consists of 9 buildings ranging from 2 to 5 units each. Portfolio is currently self-managed with minimal expenses. Room for rent growth. Seller would consider selling properties individually.

     

    Allentown is a city located in Lehigh County, Pennsylvania, United States. It is Pennsylvania’s third most populous city. As of the 2010 census, the city had a total population of 118,032 and is currently the fastest growing city in all of Pennsylvania with over 1.4 million square feet of mixed-use office and retail space. It is the largest city in the metropolitan area known as the Lehigh Valley, which had a population of 821,623 residents as of 2010. Allentown constitutes a portion of the New York City Combined Statistical Area and is the county seat of Lehigh County. In 2012, the city celebrated the 250th anniversary of its founding in 1762. Allentown is 50 miles north-northwest of Philadelphia, 90 miles east-northeast of Harrisburg, the state capital, and 90 miles west of New York City, the nation’s largest city. It is home to Fortune 500’s, landmark regional brands, local business, and startups.

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
    Philadelphia History of Office Space for Sale

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    Allentown Area Market Trends

    Listing Demographics for 223 North Fountain Street Allentown, PA 18102

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population52,148147,541243,211
    Population Median Age333638
    Population by Age0-9 Yrs8725 (16%)20632 (13%)30151 (12%)
    10-19 Yrs8175 (15%)22116 (14%)33659 (13%)
    20-29 Yrs9431 (18%)23869 (16%)36426 (14%)
    30-39 Yrs7263 (13%)20389 (13%)33389 (13%)
    40-49 Yrs5778 (11%)16728 (11%)27454 (11%)
    50-59 Yrs5752 (11%)17081 (11%)29987 (12%)
    60-69 Yrs3925 (7%)13121 (8%)25456 (10%)
    70+ Yrs3100 (5%)13605 (9%)26690 (10%)
    Median HH Income$33,035$46,715$53,222
    Total Household Income< 24K6542 (37%)13759 (26%)19880 (21%)
    25-49K5157 (29%)14207 (27%)23336 (25%)
    50-74K2720 (15%)10102 (19%)17125 (18%)
    75-99K1584 (9%)6105 (11%)11520 (12%)
    100-199K1314 (7%)7187 (13%)15785 (17%)
    200K+176 (1%)1248 (2%)3510 (3%)
    Highest Education LevelNo Diploma89401703922852
    Diploma or GED116813465457379
    Some College56861685729224
    Assoc. Degree1860747613600
    Bachelors Degree15721087623712
    Higher Degree816587014441
    Total Housing Units19,63156,57097,031
    --Owner-Occupied4,87424,81350,077
    --Renter-Occupied12,61927,79441,078
    Owner-Occupied Values< 100K241650447170
    100-199K20661382525005
    200-299K225411911358
    300-399K989853952
    400-499K123141119
    500K+575261474
    Total Working Age Population38,630114,227193,361
    In Work Force23,71772,975123,372
    Not In Work Force14,91241,25369,989
    Workforce Employed20,70266,371114,451
    Workforce Unemployed2,9956,5418,843
    Civlian Workforce23,69772,912123,295
    Military Workforce216378
    Total Households17,49452,60791,155
    Family Households10,88134,37359,070
    Non-Family Households6,61218,23432,085
    Married Couple4,40719,35937,315
    Other Family6,47515,01421,756
    Married w/Child2,1817,90914,156
    Single Male w/Child7562,1923,039
    Single Female w/Child3,4397,1429,846

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    Pennsylvania12,281,054+312,702,379+413,230,170+413,759,594
    Berks County373,638+10411,442+7440,143+7471,457
    Bucks County597,635+5625,249+1629,420+1637,730
    Lehigh County312,090+12349,497+5365,909+5385,431
    Northampton County267,066+11297,735+4309,231+4321,338

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the asking price for 223 North Fountain Street in Allentown?
    The asking price for 223 North Fountain Street is $2,860,000
    What is the building size of this Office property in Allentown, PA?
    The size of the building/unit at 223 North Fountain Street in Allentown is 25,830 square feet
    How much land does the Allentown, PA property at 223 North Fountain Street include?
    223 North Fountain Street in Allentown includes 0.600 acres of land
    What kind of Office is the propery at 223 North Fountain Street?
    The property at 223 North Fountain Street Allentown, PA 18102 is listed as a Professional Office property
    What is the population within 1 mile of 223 North Fountain Street in Allentown?
    The population within 1 mile of 223 North Fountain Street Allentown, PA 18102 is 52,148 people.
    Who do I contact for questions about 223 North Fountain Street?
    You should contact the listing agent, Robert Velez, for any details regarding this commercial listing.

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    Closest Commercial Airports

    Airport Distance (mi)
    Philadelphia International Airport (PHL) 52
    Newark Liberty International Airport (EWR) 69
    La Guardia Airport (LGA) 85