2236 12Th StAllentown, PA 18103

Property Details for 2236 12Th St

Year built

1980

Lot size

2.23 AC

Property size (Sq ft)

44,196 SF

Zone code

I-3

Property type

Office properties

Property subtype

Office buildings

APN

640508780773-1

APU

6405087807731

Description

This exceptional 44,000-square-foot executive office building is available for lease in Allentown, Pennsylvania. Located at 2236 12th Street, this single-tenant property sits on a generous 2.256-acre lot, offering ample space and potential for a variety of business uses. The building is fully vacant, presenting a unique opportunity for a company seeking a substantial and modern workspace. Key features include the presence of elevators, ensuring convenient access to all floors. The property's location in Lehigh County provides easy access to major transportation routes and amenities, making it an ideal location for businesses seeking a strategic presence in the Allentown area. The building's substantial size and single-tenant occupancy offer significant flexibility for customization and design to meet specific business needs. This is a rare opportunity to secure a large, well-located office space in a thriving Pennsylvania market. The property is zoned for office use and offers a significant amount of space for a variety of business operations. The 44,000 square feet provides ample room for expansion and growth. The 18103 zip code offers convenient access to local amenities and transportation networks. This property is perfect for a company looking for a prominent and spacious location in Allentown. The building's size and features make it suitable for a wide range of businesses. The 2.256-acre lot provides ample parking and potential for future expansion. This is a prime opportunity to establish a significant presence in the Allentown business community.

• CAP approach

  CAP return

  Valuation

  6%

  $10,978,971

  6.5%

  $10,134,435

  7%

  $9,410,547

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,813,465

  Geo Method

  $5,774,650

• Alternative Use

  Use

  Valuation

  Residential

  $12,566,700

  Hospitality

  $11,511,029

  Educational

  $9,577,041

  Medical

  $9,906,410

  Retail

  $14,897,620

Location Insight

City

Allentown

County

Lehigh

State

Pennsylvania

Latitude

40.5706

Longitude

-75.474

CBSA code

10900

CBSA name

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

Property Tax & Assessments

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