622 Union Boulevard Allentown, PA 18109
SINGLE_FAMILY - Allentown City, PA
- Added:
- Aug 24, 2024
- Days on Market:
- 687
- Last Refresh:
- Jul 11 at 3:06 am
Property Features for 622 Union Boulevard
General Information
- Property type
- Residential
- Property subtype
- Office
- Property condition
- Under Construction
- Zoning
- B-3
- Parking
- 45
- Parking features
- Parking Lot
- Standard status
- Active
- APN
- 640778020334
- Size
- 18,219 SF
- Lot size
- 1.00 Acres
Taxes and HOA fees
- Tax Annual Amount
- 45094
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1987
- Number of units
- 6
- Building materials
- Block, Concrete
- Roof type
- Flat
Listing agent Carrie C. Ward (610) 398-0411
Listing office Howard Hanna TheFrederickGroup 3500 Winchester Rd, Ste 201, Allentown, PA (610) 398-0411
Listing date Aug 24, 2024
Copyright © 2026 Greater Lehigh Valley REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The property sits on about one acre and is zoned B-3 Highway Business. It is located at a signalized corner and includes 45 lined parking spaces to support customer and employee access.
For investors and owner-operators seeking a diversified income stream, the current leasing structure includes retail and medical on the ground floor, office space with one area listed for lease, and warehouse and basement storage leased to separate tenants. With drive-in and dock access for the warehouse component and dedicated, self-contained systems for the medical suite, the building can accommodate multiple tenant needs within a single footprint.
Key Highlights
- 1‑acre property zoned B‑3 Highway Business at a signalized corner
- Two‑story building on public water and public sewer with natural gas heat and central air
- Front half includes leased retail and leased medical suite on ground floor plus office areas upstairs
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $338.9k | $18.60 |
| − Vacancy | −$18.3k | −$1.00 |
| EGI | $320.6k | $17.60 |
| − OpEx | −$96.2k | −$5.28 |
| NOI | $224.4k | $12.32 |
