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Parkway Shopping Center
Value-Add Community Shopping Center

RealINSIGHT Marketplace and Mission Capital Advisors are pleased to offer the opportunity to acquire Parkway Shopping Center, a vacant 134,276-sf community shopping center located in Allentown, Pennsylvania (the “Property”).

Constructed in 1959 on a 10.39-acre site, the two-building, single-story Property contains approximately 134,276 net rentable square feet. As of August 31, 2018, the Property was 51.8% leased and occupied by a diverse mix of 19 local, regional and national tenants. Notable tenants at the Property include IHOP, Dollar Tree Store, H&R Block, Family Dollar, and Subway. The Property has frontage on Lehigh Street, a major high-traffic arterial street. The Property features 516 parking spaces (3.83/1,000 SF).

INVESTMENT HIGHLIGHTS

Value-Add Opportunity As of August 31, 2018, the Property was 51.8% leased and occupied by a diverse mix of 19 local, regional and national tenants. Notable tenants at the Property include IHOP, Dollar Tree Store, H&R Block, Family Dollar, and Subway. This provides investors with an opportunity to add value through strategic lease up of the vacant units.

Good Location and Exposure The Property is located on the east side of Lehigh Street at the terminus of South Jefferson Street in Allentown, Pennsylvania with good access and visibility. Lehigh Street is a major high-traffic arterial street in the area.

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Disclaimer: The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions.

Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace, (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property.

You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.

Parkway Shopping Center

1471 Lehigh Street, Allentown, PA 18103

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Current Bid:
Starting Bid:

Asset Snapshot

  • Asset Type
  • Real Estate
  •  
  • Retail Type
  • NA
  • Anchor
  • No
  • Property Size
  • 134,276 Sq Ft
  • Land Area
  • 10.39 Acres
  • Year Built
  • 1959
  • Number of Buildings
  • 2
  • Parking Count
  • 516
  • Occupancy
  • 51.80%
  • Occupancy as of
  • Aug 31, 2018
  • Platform Fee

    Platform fee for this transaction is 5.00% or a minimum of $25,000.

  • Auctioneer

    1. Lamar P. Fisher

      Fisher Auction Company Inc.

      License: #AU005925