123 22Nd StEaston, PA 18042

Property Details for 123 22Nd St

Year built

1990

Lot size

0.15 AC

Property size (Sq ft)

5,034 SF

Zone code

H1

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

L9SW1C 13 1 0837

APU

L9SW1C1310837

Description

This exceptional medical office building, located at 123 S 22nd St in Easton, Pennsylvania, offers a fantastic opportunity for medical professionals seeking flexible and conveniently located space. The building, a Class C property constructed in 1990, totals 5,034 square feet and is situated directly across from Easton Hospital, providing unparalleled access to patients and medical resources. Currently, 405 square feet of space is vacant, offering multiple leasing options. Individual suites range from a minimum of 89 square feet to a maximum contiguous space of 167 square feet, with the possibility of combining suites to accommodate larger practices. The building features a shared common area conference room and waiting area, enhancing efficiency and professionalism. All utilities are included in the lease, with tenants responsible only for internet and phone services. Monthly rental rates range from $495 to $850, depending on the size of the chosen suite. This property's location in Northampton County offers easy access to major highways and routes within the thriving Lehigh Valley, making it an ideal location for a medical practice seeking high visibility and convenient access for patients. The building's recent renovation ensures a modern and comfortable work environment.

• CAP approach

  CAP return

  Valuation

  6%

  $1,250,524

  6.5%

  $1,154,330

  7%

  $1,071,877

• Comparable approach

  Method

  Valuation

  Relative Method

  $662,164

  Geo Method

  $657,742

• Alternative Use

  Use

  Valuation

  Residential

  $1,431,369

  Hospitality

  $1,311,126

  Educational

  $1,090,841

  Medical

  $1,128,357

  Retail

  $1,696,864

Location Insight

City

Easton

County

Northampton

State

Pennsylvania

Latitude

40.6877

Longitude

-75.245

CBSA code

10900

CBSA name

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

Property Tax & Assessments

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