Institutional Property Advisors Exclusively Offers Grocery Anchored Retail Center for Sale in Pennsylvania’s Lehigh Valley
June 22, 2026
ALLENTOWN, Pa., June 22, 2026 – Institutional Property Advisors (IPA), a division of Marcus & Millichap (NYSE: MMI) dedicated to serving the company’s institutional clients, announced today the exclusive listing of Allen Street Shopping Center, a 46,228-square-foot Grocery Outlet-anchored neighborhood center in Allentown, Pennsylvania. The asking price is approximately $11.6 million.
“Constructed in the 1960s, Allen Street has served the Allentown community for decades,” said Dean Zang, IPA executive managing director investments. “This is a proven grocery location that has been home to a number of brands over a few decades.” Zang and David Crotts, in association with Timothy Stephenson, Jr., Marcus & Millichap’s broker of record in Pennsylvania, are representing the seller. “The average tenancy of the center is 17 years, a testament to the seasoning of this institutionally owned asset,” said Crotts.
The center is in a highly walkable location within a dense neighborhood trade area on West Allen Street. There are 45,958 residents within one mile and more than 144,565 people live within three miles. Luis Ramos Elementary school, Trexler Middle School, Lehigh Valley Hospital, St. Luke’s Hospital Allentown Campus, and Muhlenberg College are nearby.
In addition to Grocery Outlet, Family Dollar, and Bank of America, Allen Street is 93% occupied by tenants such as Metro by T-Mobile, Little Caesar’s Pizza, Flaming Crab Express, and Family Financial Centers. A Plasma center recently vacated the property leaving investors a recent vacancy to release.
“Constructed in the 1960s, Allen Street has served the Allentown community for decades,” said Dean Zang, IPA executive managing director investments. “This is a proven grocery location that has been home to a number of brands over a few decades.” Zang and David Crotts, in association with Timothy Stephenson, Jr., Marcus & Millichap’s broker of record in Pennsylvania, are representing the seller. “The average tenancy of the center is 17 years, a testament to the seasoning of this institutionally owned asset,” said Crotts.
The center is in a highly walkable location within a dense neighborhood trade area on West Allen Street. There are 45,958 residents within one mile and more than 144,565 people live within three miles. Luis Ramos Elementary school, Trexler Middle School, Lehigh Valley Hospital, St. Luke’s Hospital Allentown Campus, and Muhlenberg College are nearby.
In addition to Grocery Outlet, Family Dollar, and Bank of America, Allen Street is 93% occupied by tenants such as Metro by T-Mobile, Little Caesar’s Pizza, Flaming Crab Express, and Family Financial Centers. A Plasma center recently vacated the property leaving investors a recent vacancy to release.
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About Institutional Property Advisors (IPA)
Institutional Property Advisors (IPA) is a division of Marcus & Millichap (NYSE: MMI), a leading commercial real estate services firm in North America. IPA’s combination of real estate investment and capital markets expertise, industry-leading technology, and acclaimed research offer customized solutions for the acquisition, disposition and financing of institutional properties and portfolios. For more information, please visit www.institutionalpropertyadvisors.com.