701 Broad StBethlehem, PA 18018

This exceptional two-story executive office building, totaling 21,420 square feet (18,990 net rentable), is situated on a 16,640 square foot lot at the corner of 6th and Broad Streets in Bethlehem, Pennsylvania. Built in 1960 and extensively renovated in 2024, the property boasts 29 units with an 81.22% occupancy rate as of May 6, 2024. The asking price is $2,500,000, representing a 5.83% cap rate and a price per square foot of $116.71. The building features a passenger elevator, electronically secured front and rear entrances, and prominent signage opportunities including a lit monument sign. Ample parking is available with 12 spaces in the rear and an additional 36 spaces in an adjacent lot. The property benefits from high visibility on Broad Street, with over 16,000 vehicles passing daily. Its convenient location offers easy access to Routes 378, 22, and 78, serving the Bethlehem, Easton, and Allentown markets. The property is zoned for Limited Commercial and High Density Residential use. The Net Operating Income (NOI) is $174,326. This is a rare owner/user opportunity in a high-demand market.