622 Union Blvd - Medical FOR SALE


Allentown, PA 18109- East Allentown
$3,400,000 USD
610-398-0411
622 Union Blvd, Allentown, PA for Sale
$3,400,000 USD
Medical - FOR SALE
1/19
null | 8.18% Cap Rate

622 Union Blvd
Allentown, PA 18109
East Allentown


HIGHLIGHTS

  • Over 90% leased on multi-year NNN leases
  • Completely updated in 2023
  • Close to highways at a signalized corner near Airport Road

OVERVIEW

IDEAL FOR COMMERCIAL INVESTORS--Add this completely updated, two story building to your portfolio. Over 90% leased on multi-year NNN leases. The front half of the building consists of a retail space and a medical suite on the ground floor and two separated office areas on the upper floor, with shared amenities (large, virtual-meeting ready conference room, kitchenette, and two bathrooms). One of the two office areas is leased and the other area is listed for lease. The retail space and the medical suite on the ground floor are both leased. The medical suite has its own entrances, HVAC, security systems, and bathrooms and is self-contained for security reasons. The back half of the building is a 2-story, 5,500 SQFT, clear span warehouse with two drive-in doors, one loading dock, and a small office and is leased. The basement is a storage space with its own entrance and drive-in door, and is leased to a separate tenant. There are two dedicated bathrooms on ground floor for the retail space and the warehouse. This 1 acre property is zoned B-3 Highway Business, has 45 lined parking spots, and is situated at a signalized corner. Call for a tour today.

FOR SALE DETAILS

PRICE

$3,400,000 USD

PRICE/SF

$183 USD /SF

CAP RATE

8.18%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Storefront Retail/Office, Warehouse

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

45

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

B-3

APN/PARCEL ID

640778020334-1

ASK ABOUT THIS PROPERTY

Carrie WardHoward Hanna Real Estate ServicesMore Info
610-398-0411

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Carrie WardHoward Hanna Real Estate ServicesMore Info
610-398-0411

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