Allentown, Pennsylvania, is a city that boasts a thriving culinary scene, making it an ideal location for restaurants. With a population of around 130,000, the city offers a diverse range of neighborhoods, each with its unique character, and a strong economy driven by service, healthcare, transportation, and warehousing industries. The city's infrastructure is well-developed, with major corporations like PPL Corporation and UGI Corporation, and a comprehensive transportation system that includes Lehigh Valley International Airport, Interstate 78, and U.S. Route 22. Additionally, the city is home to several landmarks, including the PPL Building, PPL Center, and the Allentown Art Museum, making it an attractive location for businesses and tourists alike. With 3 restaurants for lease, entrepreneurs and investors have a wide range of options to choose from, with average annual rent per square foot of $31 USD and spaces ranging from 5,300 square feet to 5,300 square feet.
In Allentown, restaurants are a great investment opportunity, given the city's strong economy and diverse population. The city's proximity to major transportation facilities, including Lehigh Valley International Airport and Interstate 78, makes it an attractive location for businesses that cater to travelers and locals alike. Moreover, the city's vibrant arts scene, with institutions like the Allentown Symphony Orchestra and the Allentown Art Museum, and annual events like the Great Allentown Fair and the Blues, Brews, and Barbeque festival, create a lively atmosphere that is conducive to a thriving food scene. In addition to restaurants, Allentown also offers a range of other commercial properties, including retail space, commercial real estate, and flex space, each with its unique characteristics and advantages. For instance, retail space in Allentown is ideal for businesses that cater to the city's growing population, while commercial real estate offers a range of options for entrepreneurs and investors. Flex space, on the other hand, provides a versatile option for businesses that require a combination of office and warehouse space. With its diverse range of properties and strong economy, Allentown is an attractive location for businesses of all types.
How are restaurant leases typically structured?
Restaurant leases in Allentown are typically structured with an average annual rent of $31 USD per square foot, with spaces ranging from 5,300 square feet to 5,300 square feet. The lease terms often vary depending on the location, size, and type of restaurant, but generally, they can range from 5 to 10 years, with options for renewal.
What kitchen equipment is usually included in restaurant leases?
When searching for restaurants for lease in Allentown, you'll typically find that kitchen equipment is included in the lease, such as commercial-grade refrigerators, freezers, ovens, stoves, and dishwashers, which can vary depending on the specific property and landlord.
With 3 available listings of restaurants for lease in Allentown, you'll have a range of options to choose from, with average annual rent per square foot at $31 USD and average space size of 5,300 square feet, up to a maximum space size of 5,300 square feet.
