667 Union BlvdAllentown, PA 18109

Property Details for 667 Union Blvd

Year built

1961

Lot size

0.31 AC

Property size (Sq ft)

7,356 SF

Zone code

B-3

Property type

Retail properties

Property subtype

Retail space

APN

640778265126-1

APU

6407782651261

Description

This exceptional 7,356-square-foot creative office building, constructed in 1961 and extensively renovated in 2014, presents a unique investment opportunity in Allentown, PA. The single-tenant property sits on a 0.31-acre lot (13,634 square feet) and boasts a flexible layout ideal for owner-occupancy or multi-tenant conversion. The two-story building, zoned B-3, features a welcoming open lobby on the first floor, complemented by two expansive open office areas perfect for collaborative workspaces. Three conference rooms of varying sizes cater to diverse meeting needs, while two private offices provide executive space. Ample storage, a convenient kitchenette, and multiple restrooms enhance functionality. The second floor offers a mix of private offices in various sizes, further enhancing the building's adaptability. A small basement provides additional storage. The property includes on-site parking for up to 14 vehicles, with supplementary on-street parking readily available. Its prime location on Union Boulevard offers easy access to downtown Allentown and Route 22, ensuring excellent visibility and convenient commuting for employees and clients. This well-maintained building presents a compelling opportunity for both owner-users and investors seeking a versatile and strategically located commercial property in a thriving area. The building's 0.54 FAR provides potential for future expansion or redevelopment.

• CAP approach

  CAP return

  Valuation

  6%

  $2,686,196

  6.5%

  $2,479,566

  7%

  $2,302,454

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,438,340

  Geo Method

  $2,422,060

• Alternative Use

  Use

  Valuation

  Residential

  $2,091,606

  Hospitality

  $1,915,900

  Educational

  $1,594,007

  Medical

  $1,648,827

  Retail

  $2,479,566

Location Insight

City

Allentown

County

Lehigh

State

Pennsylvania

Latitude

40.6243

Longitude

-75.4486

CBSA code

10900

CBSA name

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

Property Tax & Assessments

FAQs

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