529 W Broad St - Storefront Retail/Office FOR SALE


Bethlehem, PA 18018
$2,240,000 USD
610-727-3962
529 W Broad St, Bethlehem, PA for Sale
$2,240,000 USD
Storefront Retail/Office - FOR SALE
1/7
null | 7% Cap Rate

529 W Broad St
Bethlehem, PA 18018


OVERVIEW

• The tenant, Lehigh Valley Health Network recently executed its first option period, with another option to extend • Lehigh Valley Health Network (LVHN) is comprised of nine hospital campuses plus numerous health centers, physician practices, rehabilitation locations, ExpressCARE sites and other outpatient care locations in seven eastern Pennsylvania counties • The lease includes 4% rental increases every two years throughout the initial term and options to extend, increasing NOI and hedging against inflation • Tenant pays for CAM, taxes, insurance and maintains most aspects of the premises • Landlord responsibilities limited to maintaining and repairing the roof, structure and exterior of the premises • Ideal, low-management investment opportunity for a passive investor • Subject property is strategically located at the hard corner intersection of 5th Avenue and W. Broad Street • Broad Street is a primary East/West thoroughfare serving Bethlehem and the immediate trade area • Directly off Fred B. Rooney Hwy/State Hwy 378 • The asset benefits from significant street frontage along W. Broad Street, promoting excellent visibility and ease of access • This site is approximately 3 miles South of the Lehigh Valley Health Network (LVNH) Muhlenberg campus • Muhlenberg campus is centrally-located in the Lehigh Valley, providing convenient access to emergency or planned care and equipped with 238 staffed beds

FOR SALE DETAILS

PRICE

$2,240,000 USD

PRICE/SF

$287 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

HNL Lab Medicine - Bethlehem, PA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1915

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,454 SF

ZONING

CG

APN/PARCEL ID

642738322572-1

ASK ABOUT THIS PROPERTY

David WirthSRS Real Estate PartnersMore Info
610-727-3962

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David WirthSRS Real Estate PartnersMore Info
610-727-3962

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