701 Broad StBethlehem, PA 18018

For Sale
$2,500,000

Prime location, high ROI, 21,420 SF

Overview

Added:
Dec 11, 2024
Days on market:
94
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.

Highlights

  • $2,500,000 asking price for this 21,420 square foot office building in Bethlehem, PA.
  • 5.83% cap rate with a Net Operating Income (NOI) of $174,326.
  • 18,990 square feet of net rentable space, priced at $116.71 per square foot.
  • 81.22% occupancy, with the occupancy date set for May 6, 2024.
  • The property features 29 units in a two-story building, built in 1960 and renovated in 2024.
  • Located on a 16,640 square foot lot at 701 W Broad St, Bethlehem, PA 18018, with convenient access to major roadways.

Property Details for 701 Broad St

Property type
Other office properties, Office properties
Square Feet
21,420 SF
Year Built/Renovated
1960/2024
Buildings
1
Stories
2
Units
29

Location Insight

City
Bethlehem
County
Lehigh
State
Pennsylvania
Latitude
40.6221296
Longitude
-75.3926791
701 Broad St, Bethlehem, Pennsylvania

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
701 Broad St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message