701 Broad StBethlehem, PA 18018

  • Office properties
  • 21,420 SF
For Sale
$2,500,000 View listing

Property Details for 701 Broad St

Year built
1960
Lot size
0.38 AC
Property size (Sq ft)
21,420 SF
Zone code
CL
Property type
Office properties
Property subtype
Office buildings
APN
642728821419-1
APU
6427288214191

Description

This exceptional two-story, 21,420 square foot office building is ideally situated on a corner lot in downtown Bethlehem, Pennsylvania, at the intersection of 6th and Broad Streets. Boasting a prominent location with high visibility, this property benefits from significant daily traffic (16,000 vehicles). The building features 29 suites across its two stories, offering a variety of sizes, particularly on the second floor, suitable for various business needs. Single and multi-year lease options are available. Ample parking is provided with 47 spaces. Multiple entrances enhance accessibility. Excellent signage opportunities exist both at the street level and on a monument sign. The building underwent renovations in 2024, including updates to common areas, a security system, and elevator access, including handicap accessibility. Its strategic location provides easy access to Routes 378, 22, and 78, making it a convenient hub serving Bethlehem, Easton, and Allentown. Built in 1960, this property offers a blend of classic charm and modern amenities, making it an attractive option for businesses seeking a well-maintained and conveniently located office space.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $5,321,060
    6.5%
    $4,911,748
    7%
    $4,560,908
  • Comparable approach

    Method
    Valuation
    Relative Method
    $2,817,550
    Geo Method
    $2,798,737
  • Alternative Use

    Use
    Valuation
    Residential
    $6,090,567
    Hospitality
    $5,578,927
    Educational
    $4,641,602
    Medical
    $4,801,234
    Retail
    $7,220,269
701 Broad St, Bethlehem, Pennsylvania

Location Insight

City
Bethlehem
County
Lehigh
State
Pennsylvania
Latitude
40.6222
Longitude
-75.3926
CBSA code
10900
CBSA name
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$49,419
$116,600
$1,623,500
$1,740,100
-
$116,600
$1,623,500
$1,740,100

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