1401 Cedar Crest BlvdAllentown, PA 18104

Property Details for 1401 Cedar Crest Blvd

Year built

1972

Lot size

1.68 AC

Property size (Sq ft)

24,000 SF

Zone code

GC-1

Property type

Office buildings

APN

548743757570-1

APU

5487437575701

Description

This exceptional two-story Class B office building, totaling 33,244 square feet, offers flexible workspace solutions in Lehigh County. Currently, multiple suites are available for lease, ranging from 1,924 to 9,842 contiguous square feet. The building features recently renovated lobbies and common hallways, creating a modern and inviting atmosphere. Specific suite sizes include a lower-level option ranging from 2,858 to 9,842 square feet, a 1,924 square foot suite on the first floor, and a 5,384 square foot suite on the second floor. The property is situated in a professional park setting, surrounded by established corporate neighbors, ensuring a prestigious business address. Ample parking is provided for tenants and visitors. The building benefits from a strong location within a dense residential area, boasting excellent demographics and convenient access to a wide array of amenities, including Weis, Target, UPS, and CVS, all within close proximity. Commuting is a breeze with easy access to major roadways such as Route 22, Route 309, I-78, and the Pennsylvania Turnpike 476 (less than a mile to Route 22). The lease rate is $19.25 per square foot, modified gross, plus utilities and janitorial services. This property is ideal for businesses seeking a well-maintained, conveniently located office space in a thriving community.

• CAP approach

  CAP return

  Valuation

  6%

  $5,961,972

  6.5%

  $5,503,359

  7%

  $5,110,262

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,156,918

  Geo Method

  $3,135,840

• Alternative Use

  Use

  Valuation

  Residential

  $6,824,165

  Hospitality

  $6,250,898

  Educational

  $5,200,674

  Medical

  $5,379,533

  Retail

  $8,089,938

Location Insight

City

Allentown

County

Lehigh

State

Pennsylvania

Latitude

40.6119

Longitude

-75.5308

CBSA code

10900

CBSA name

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

Property Tax & Assessments

FAQs

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