177 Commerce WayBethlehem, PA 18017

Property Details for 177 Commerce Way

Year built

2002

Lot size

3.89 AC

Property size (Sq ft)

32,423 SF

Zone code

PIBD

Property type

Office properties

Property subtype

Other office properties

APN

M6 15 23 0214

APU

M615230214

Description

This exceptional 32,500 square foot industrial/office building, situated on a 3.885-acre lot in Northampton County, presents a unique leasing opportunity. Built in 2000 and renovated in 2005, this single-story structure boasts a flexible floor plan ideal for a variety of uses, including flex and R&D operations. Currently a multi-tenant building, there is up to 9,800 square feet immediately available for lease, adaptable to specific tenant needs. The property features a 7,000 square foot warehouse addition constructed during the 2005 renovation, enhancing its functionality and storage capacity. The building is equipped with a robust 1,200 amp/480-277 volt electric service, a wet sprinkler system for safety, and convenient dock and drive-in loading doors. High ceilings (20'+) provide ample vertical space, while ample parking ensures convenient access for employees and clients. The property's zoning is Planned Industrial Business, reflecting its suitability for a range of industrial and commercial activities. Its strategic location within a business park setting offers excellent visibility and accessibility. The property enjoys exceptional proximity to major transportation arteries, including being within 2 miles of Route 191 and Route 512 exits off Route 22, and within 5 miles of the Lehigh Valley International Airport (LVIA). The Pennsylvania/New Jersey state line is only 11 miles away, further enhancing its regional accessibility. This property offers a compelling combination of modern amenities, strategic location, and flexible space, making it an ideal choice for businesses seeking a high-quality industrial or office environment. The APN is 4962-17-9671-1530.

• CAP approach

  CAP return

  Valuation

  6%

  $8,054,376

  6.5%

  $7,434,808

  7%

  $6,903,750

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,264,865

  Geo Method

  $4,236,389

• Alternative Use

  Use

  Valuation

  Residential

  $9,219,162

  Hospitality

  $8,444,703

  Educational

  $7,025,894

  Medical

  $7,267,525

  Retail

  $10,929,168

Location Insight

City

Bethlehem

County

Northampton

State

Pennsylvania

Latitude

40.6805

Longitude

-75.375

CBSA code

10900

CBSA name

ALLENTOWN-BETHLEHEM-EASTON, PA-NJ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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