701 Broad StBethlehem, PA 18018

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 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.

• 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

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