1142 S Cedar Crest Blvd - Bank FOR SALE


Allentown, PA 18103
$4,000,000 USD
215-603-6914
1142 S Cedar Crest Blvd, Allentown, PA for Sale
$4,000,000 USD
Bank - FOR SALE
1/8
null | 7% Cap Rate

1142 S Cedar Crest Blvd
Allentown, PA 18103


HIGHLIGHTS

  • Long-term corporate Absolute NNN lease with 2.5% annual rent increases, providing stable cash flow and built-in income growth.
  • Embassy Bank for the Lehigh Valley has operated at this location since 2009, with approximately $127M in branch deposits and $1.8B+ in total assets.
  • Located just 0.3 miles from I-78 with excellent visibility at a signalized intersection, providing strong accessibility.
  • Positioned near Lehigh Valley Hospital–Cedar Crest, the region's largest hospital and one of Pennsylvania's largest healthcare campuses.
  • Strong surrounding demographics with 224,955 residents, 237,805 daytime employees, and $149,000+ average household income within one mile.
  • Surrounded by major demand drivers, including Cedar Crest College and Dorney Park & Wildwater Kingdom, generating consistent traffic year-round.

OVERVIEW

CBRE is pleased to exclusively present for sale this Embassy Bank located in Allentown, Pennsylvania, within the core of the Lehigh Valley region of eastern Pennsylvania. The property is leased to Embassy Bank under a corporate-guaranteed triple-net (NNN) lease structure with 2.5% annual rent increases throughout the remaining lease term and renewal option period. The asset is being offered fee simple and provides investors with stable cash flow backed by a long-standing regional banking institution with ten branch locations throughout the Lehigh Valley. The property is strategically positioned along South Cedar Crest Boulevard in one of the most established commercial corridors in the region. The site benefits from immediate proximity to Lehigh Valley Hospital–Cedar Crest, the largest hospital in the Lehigh Valley and the third-largest hospital in Pennsylvania, with 877 licensed beds and 46 operating rooms. The hospital campus serves as a major regional employment center and generates significant daily traffic from employees, patients, and visitors. The surrounding trade area is supported by strong demographics and a dense daytime population. Approximately 224,955 residents and 85,549 households are located within a five-mile radius of the property, with average household income exceeding $149,000 within one mile. The daytime population within five miles totals approximately 237,805, reflecting the area’s concentration of healthcare, education, retail, and employment activity. The property benefits from strong regional demand drivers including Cedar Crest College, a private liberal arts college founded in 1867 with more than 1,500 students, and Dorney Park & Wildwater Kingdom, which attracts approximately 1.4 million annual visitors. These institutions, combined with the hospital and surrounding commercial development, generate consistent traffic and long-term stability throughout the trade area.

FOR SALE DETAILS

PRICE

$4,000,000 USD

PRICE/SF

$1,734 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Embassy Bank | Allentown, PA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.55 AC

LAND SF

23,958 SF

ZONING

C1

APN/PARCEL ID

548588071238-1

ASK ABOUT THIS PROPERTY

Matthew GormanCBRE, Inc.More Info
215-603-6914

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Matthew GormanCBRE, Inc.More Info
215-603-6914

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.