701 Broad StBethlehem, PA 18018
- Office properties
- 21,420 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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