3721 Crescent CtHokendauqua, PA 18052

  • Healthcare properties
  • 4,064 SF
For Sale
$1,195,000 View listing

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
Healthcare properties
Property subtype
Medical offices
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • 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
3721 Crescent Ct, Hokendauqua, Pennsylvania

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$24,261
$125,500
$730,700
$856,200
-
$125,500
$730,700
$856,200

FAQs

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