5325 Northgate DrBethlehem, PA 18017

Property Details for 5325 Northgate Dr

Year built

2002

Lot size

10.08 AC

Property size (Sq ft)

53,656 SF

Zone code

RIS

Property type

Healthcare properties

Property subtype

Medical offices

APN

M6 24 7H 0214

APU

M6247H0214

Description

This exceptional two-story, Class A office building, totaling 53,656 square feet, presents a unique investment opportunity. Situated on a 10.08-acre lot in Northampton County, the property boasts a prime location with easy access to major roadways including Routes 22, 33, and 378, via direct access to Route 512. The building features three suites, with a maximum contiguous space of 9,919 square feet, making it suitable for a variety of tenants. The building was constructed in 2002 and includes two passenger elevators, serving its two stories. Ample parking is provided with 222 spaces, catering to both tenants and visitors. The property is zoned OI-Office & Industrial District (APN: M6 24 7H 0214) and benefits from high foot traffic and excellent demographics due to its location in a high-density residential area. First-floor suites offer exceptional visibility and convenience, particularly attractive to medical professionals. Recent renovations have modernized the lobby and common areas, enhancing the overall appeal and functionality of the space. This property offers an ideal mix of medical and traditional office space, making it a highly desirable location for a diverse range of businesses. The building's strategic location and modern amenities make it a compelling investment opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $13,328,982

  6.5%

  $12,303,676

  7%

  $11,424,842

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,057,816

  Geo Method

  $7,010,693

• Alternative Use

  Use

  Valuation

  Residential

  $15,256,558

  Hospitality

  $13,974,925

  Educational

  $11,626,974

  Medical

  $12,026,843

  Retail

  $18,086,404

Location Insight

City

Bethlehem

County

Northampton

State

Pennsylvania

Latitude

40.6638

Longitude

-75.3908

CBSA code

10900

CBSA name

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

Property Tax & Assessments

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