1405 Cedar Crest BlvdAllentown, PA 18104

Property Details for 1405 Cedar Crest Blvd

Year built

1973

Lot size

2.01 AC

Property size (Sq ft)

27,520 SF

Zone code

GC-1

Property type

Medical offices

Property subtype

Medical centers

APN

548743856582-1

APU

5487438565821

Description

This exceptional two-story, 38,327 square foot Class B office building, situated on a 2.01-acre lot in Allentown, Pennsylvania, offers a variety of lease options. The property, built in 1973, features nine suites, with a minimum divisible space of 1,009 square feet and currently has 20,350 square feet available. The building is ideally located in a professional park setting, surrounded by established businesses, providing a prestigious address and excellent visibility. Ample parking is available for tenants and their clients. The property boasts a highly desirable location within a strong residential area, offering excellent demographics and convenient access to a wealth of amenities, including Weis Markets, Target, UPS, CVS, and more. Its strategic location provides easy access to major transportation arteries, including Route 22, Route 309, I-78, and the Pennsylvania Turnpike 476, ensuring seamless commutes for employees and clients. The property's versatile layout is suitable for various office uses, including medical, executive, and creative office spaces. The modified gross lease rate is $19.25 per square foot, plus utilities and janitorial services. The property's APN is 548743856582 and is located in Lehigh County. This is a fantastic opportunity for businesses seeking a well-located, functional, and attractive office space in a thriving Allentown community.

• CAP approach

  CAP return

  Valuation

  6%

  $6,836,394

  6.5%

  $6,310,518

  7%

  $5,859,767

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,619,933

  Geo Method

  $3,595,763

• Alternative Use

  Use

  Valuation

  Residential

  $7,825,042

  Hospitality

  $7,167,697

  Educational

  $5,963,440

  Medical

  $6,168,532

  Retail

  $9,276,462

Location Insight

City

Allentown

County

Lehigh

State

Pennsylvania

Latitude

40.612

Longitude

-75.5294

CBSA code

10900

CBSA name

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

Property Tax & Assessments

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