3721 Crescent CtHokendauqua, PA 18052

Property Details for 3721 Crescent Ct

Year built

1993

Lot size

0.60 AC

Property size (Sq ft)

4,064 SF

Zone code

C-2

Property type

Medical offices

Property subtype

Medical centers

APN

549838183694-1

APU

5498381836941

Description

This exceptional investment opportunity presents a 7,200 square foot medical office building located at 3721 Crescent Ct W, Hokendauqua, Pennsylvania, 18052, in Lehigh County. Currently occupied by St. Luke's Pediatric Physical Therapy under a triple net (NNN) lease, the property offers a strong, stable income stream. The lease extends to December 28, 2024, with two three-year renewal options, providing long-term security for the investor. The building sits on a half-acre lot (0.5 acres). The asking price is $1,195,000, representing a price per square foot of $165.97 and a pro-forma capitalization rate of 7.23%. This presents a compelling opportunity for investors seeking a stable, income-producing asset in the healthcare sector. The property's location in Hokendauqua offers convenient access to major transportation routes and a growing community. This is an excellent chance to acquire a well-maintained medical office building with a strong tenant and significant upside potential. The property is offered as-is.

• CAP approach

  CAP return

  Valuation

  6%

  $1,009,561

  6.5%

  $931,902

  7%

  $865,338

• Comparable approach

  Method

  Valuation

  Relative Method

  $534,572

  Geo Method

  $531,002

• Alternative Use

  Use

  Valuation

  Residential

  $1,155,559

  Hospitality

  $1,058,486

  Educational

  $880,648

  Medical

  $910,934

  Retail

  $1,369,896

Location Insight

City

Whitehall

County

Lehigh

State

Pennsylvania

Latitude

40.6534

Longitude

-75.4985

CBSA code

10900

CBSA name

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

Property Tax & Assessments

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