622 Union BlvdAllentown, PA 18109

Property Details for 622 Union Blvd

Year built

1987

Lot size

1.00 AC

Property size (Sq ft)

11,000 SF

Zone code

B-3

Property type

Retail properties

Property subtype

Outlet malls

APN

640778020334-1

APU

6407780203341

Description

This exceptional 18,219 square foot medical facility, built in 2023, presents a unique opportunity in the thriving East Allentown Health Care submarket. Currently offering 3,800 square feet of vacant, high-quality space, this single-tenant property is ideally suited for a variety of medical practices. Previously used as an urgent care center, the suite boasts top-of-the-line construction, furniture, and equipment, all in excellent, barely used condition. Designed to comfortably accommodate staff and up to 20 patients, the space is completely self-contained and physically separated from the rest of the building, ensuring security, control, and confidentiality. The suite features its own 400 AMP electrical power supply, along with independent gas heating, cooling, and hot water systems. Security measures include a separate employee entrance, a comprehensive alarm system, security cameras, and a sprinkler system. Ample parking is provided with 45 spaces located conveniently in front of and to the side of the building. The property sits on a 43.603-acre lot, zoned B-3 Highway Business, and has a property tax cost per square foot of $2.47. The address is 622 Union Blvd, Allentown, PA 18109, with a cross street of Fenwick St. The APN is 640778020334. This turnkey solution offers immediate occupancy and a significant advantage for any medical practice seeking a modern, secure, and well-equipped facility in a prime location.

• CAP approach

  CAP return

  Valuation

  6%

  $4,016,879

  6.5%

  $3,707,888

  7%

  $3,443,039

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,646,240

  Geo Method

  $3,621,895

• Alternative Use

  Use

  Valuation

  Residential

  $3,127,742

  Hospitality

  $2,864,995

  Educational

  $2,383,642

  Medical

  $2,465,620

  Retail

  $3,707,888

Location Insight

City

Allentown

County

Lehigh

State

Pennsylvania

Latitude

40.6233

Longitude

-75.4496

CBSA code

10900

CBSA name

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

Property Tax & Assessments

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