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1020 W Broad St

8,300 SF 100% Leased Office Building Bethlehem, PA 18018 £2,477,837 (£299/SF) 6% Net Initial Yield

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Investment Highlights

With a 6% cap rate, the property offers a solid return on investment, reflecting strong income potential and a stable investment opportunity.
The building is occupied by Children’s Dental Health Seth Lacey of Bethlehem, a well-regarded and established medical practice.
This property is being offered as an investment sale, presenting an opportunity for investors to acquire a fully leased medical office building.

The property has approximately 9 years remaining on the current lease, providing long-term stability.
Situated on W Broad St in Bethlehem, PA, the property is located in a prominent area with high visibility and easy accessibility.
As a medical office building, the property benefits from the ongoing demand for healthcare services.

Executive Summary

This property features an 8,397 square foot medical office building, tailored specifically for healthcare services, making it an ideal investment for medical-related businesses.

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Property Facts

Sale Type

Investment

Property Type

Office

Property Subtype

Medical

Building Size

8,300 SF

Building Class

Year Built

2008

Price

£2,477,837

Price Per SF

£299

Net Initial Yield

NOI

£148,670

Percent Leased

100%

Number of Floors

Typical Floor Size

4,150 SF

Building FAR

0.60

Land Acres

0.32 AC

Zoning

CL - Limited Commercial

Parking

15 Spaces (1.81 Spaces per 1,000 SF Leased)

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Walk Score ®

Very Walkable (74)

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of any address. Transit Score®

measures access to public transit. Bike Score®

measures bikeability of a location.®

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PROPERTY TAXES

Parcel Number	642718543704-1	Improvements Assessment	£668,427
Land Assessment	£83,978	Total Assessment	£752,406

PROPERTY TAXES

Parcel Number

642718543704-1

Land Assessment

£83,978

Improvements Assessment

£668,427

Total Assessment

£752,406

Listing ID: 29679837
Date on Market: 02/10/2023
Last Updated:
Address: 1020 W Broad St, Bethlehem, PA 18018

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