Other
1327 W CHEW STREET 1331
ALLENTOWN , PA 18104
MLS#: PALH2012352
$3,300,000
Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1900
Sq.Footage
12,900
1327-1331 W Chew St is a 48-bed mixed-use asset in Allentown, PA. 1327–1331 W Chew Street is comprised of 48 bedrooms and nine bathrooms. The property includes a commercial lease for the ground-floor bar/restaurant space, offering stable income at $3,500 per month. The tenant is responsible for 100 percent of the common area maintenance. Importantly, the lease contains a clause requiring the liquor license to revert to the landlord for $1.00 at lease expiration, preserving long-term asset value. The property holds a Pennsylvania Hotel Liquor License (H License), which permits alcohol sales tied to lodging but carries room-count requirements and limited flexibility. Under Act 125, qualifying H licenses with a room exemption filed before January 1, 2019, may be converted into a more valuable and transferable Restaurant Liquor License (R License) through the PLCB+ system for a $30,000 fee. R licenses offer broader use, fewer restrictions, and greater market appeal to bars and restaurants. If eligible and in good standing, the conversion is administrative and typically completes within a few months. This upgrade can significantly enhance the property's income potential, tenant options, and overall asset value.
Features & Amenities
Interior
Area & Lot
-
Lot Size(acres)
0.14
-
Property Type
Residential Income
-
Architectural Style
Other
Exterior
-
Garage
No
-
Construction Materials
Brick
-
Parking
On Street
Financial
-
Sales Price
$3,300,000
-
Tax Amount
19061.88
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Location
County
LEHIGH
Elementary School
Middle School
High School
Listing Courtesy of Philip Sharrow , Scope Commercial Real Estate Services, Inc.
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Owner, President, Investment Property Advisor
TheresaKehler
Call Theresa today to schedule a private showing.
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