119 Technology DrBethlehem, PA 18015

Property Details for 119 Technology Dr

Year built

1993

Lot size

3.95 AC

Property size (Sq ft)

44,592 SF

Zone code

HI

Property type

Office properties

Property subtype

Other office properties

APN

P6 2 2F 0204

APU

P622F0204

Description

This exceptional 48,000-square-foot Class B industrial manufacturing facility, built in 1993, is situated on a 4-acre lot in Bethlehem, Pennsylvania (zip code 18015). The single-story building features 18'-22' ceiling heights and boasts three loading docks, making it ideal for efficient operations. The property is zoned IR (Industrial Redevelopment District) and includes a small mezzanine office area accessible by elevator. Utilities include public water/sewer, natural gas heating, and substantial power: 2000 Amps, 480 Volt, 3-Phase Heavy, with 1 DC and 2 AC power sources. Four on-site backup generators and two UPS battery backups ensure reliable power. The facility is well-equipped with 32 clean rooms, perfect for research and development, along with a machine shop, five conference rooms, a large breakroom, employee lockers, and showers. Ample parking is available. The property offers convenient access to major highways and Lehigh Valley International Airport, providing easy access to major northeastern metropolitan areas. Recent interior renovations, most notably in 2016, have maintained the building's high standard. Two points of ingress/egress are available via Technology Drive and E. 2nd Street. The property's location in South Bethlehem places it near Lehigh University, Ben Franklin Technology Partners, and Orasure Technology.

• CAP approach

  CAP return

  Valuation

  6%

  $11,077,344

  6.5%

  $10,225,241

  7%

  $9,494,866

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,865,554

  Geo Method

  $5,826,390

• Alternative Use

  Use

  Valuation

  Residential

  $12,679,298

  Hospitality

  $11,614,169

  Educational

  $9,662,852

  Medical

  $9,995,173

  Retail

  $15,031,104

Location Insight

City

Bethlehem

County

Northampton

State

Pennsylvania

Latitude

40.6135

Longitude

-75.3778

CBSA code

10900

CBSA name

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

Property Tax & Assessments

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