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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.
Full Property Details
Full Property Details for MLS# 775692
General
- Price: $1,750,000
- Taxes: $4,741
- Status: Active
- Type: Commercial Service
- Source: Lehigh_Valley
- MLS ID: 775692
- Updated: 4/24/2026
- Added to Site: 6 day(s) ago
Business
- Name: Confidential
- Business Type: Barber/Beauty, Bar/Tavern/Lounge, Convenience Store,
Parking
- Total Spaces: 2
- Parking Features: Off Street
Location
- Area: Allentown-Central
- County: Lehigh
- Driving Directions: Call Listing agent
School Information
- Elem School District: Allentown
- Midd School District: Allentown
- High School District: Allentown
Community
- Home Owners Assn.: Lehigh Valley MLS
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Brick
- Roof: Flat
- Square Feet: 13,344
- Current Bldg. Use: Multi-Family, Office, Other, Residential, Restaurant, Retail, Wholesale
- Year Built: 1920
Lot Features
- Lot Size (Acres): 0.095
- Lot Size (Sq. Ft.): 4,138
- Lot Size Source: Public Records
- Lot Dimensions: 21 x 230
- Frontage: City Street, Concrete
- Street/Road Desc.: Concrete
- Zoning: B-2
Financial Considerations
- Tax Amount: $4,741
Disclosures and Reports
- Property ID: 640710675802 1
Listed by RE/MAX Real Estate
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Price & Sales History for MLS# 775692
Date
Details
Price
Change
Source
4/24/2026
Listed
$1,750,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for MLS# 775692
MLS# 775692, Allentown City, PA 18101 (MLS# 775692) is a Commercial Service property. MLS# 775692 is currently listed for $1,750,000 and was received on April 24, 2026. Want to learn more about MLS# 775692? Do you have questions about finding other Commercial Service real estate for sale in Allentown City? You can browse all Allentown City real estate or contact a Coldwell Banker agent to request more information.

