Downtown Bethlehem Office
940 N New Street Bethlehem, PA 18018
For Sale
$1,550,000
SINGLE_FAMILY - Bethlehem City, PA
Property Size12,000 SF
Price / SF$129.17
Days on Market228
Property Features for 940 N New Street
General Information
- Property type
- Residential
- Property subtype
- Office
- Parking features
- Parking Lot
- Standard status
- Active
- Size
- 12,000 SF
Taxes and HOA fees
- Tax Annual Amount
- 34065
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1900
Listing Agency:
Boutique One Properties LLC
(610) 628-1107
Listed By:
Ellen V. Benner
(610) 867-3900
Added: Dec 11, 2025
Changed: May 8
Last Checked: Jul 27 at 6:06AM
MLS# 769281
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.
Located in downtown Bethlehem, the property at 940 N. New Street is suitable for professional and medical uses. The building features suite and common area upgrades completed within the past year. The property offers accessible entry without stairs and an ample parking lot. There is a potential redevelopment opportunity on an underutilized lot. The property size is 12000 square feet.
Key Highlights
- Prime Downtown Bethlehem location ideal for professional or medical use
- Recent significant suite and common area upgrades
- Ample parking lot
Financial Insights For Office B
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 | $126.7k | $10.56 |
| − Vacancy | −$9.9k | −$0.82 |
| EGI | $116.8k | $9.74 |
| − OpEx | −$29.2k | −$2.43 |
| NOI | $87.6k | $7.30 |
12,000 SF · lease $10.56/SF/yr · vacancy 7.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.25M
$1.10M – $1.46M
NOI $87,627 @ 7.0% cap · market cap 5.65%
Second Best
—
—
no second resolved use
Theoretical Best
Mixed Use
$1.76M
$1.54M – $2.06M
NOI $123,525 @ 7.0% cap · market cap 7.97%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Helmold Marie E ...
Physician
Lianne Mcginn Bunn
Physician
David B. Vasily, ...
Physician
Advanced Foot Care ...
Medical Clinic
Kohler Alena
Medical Clinic
FAQs
What type of property is this?
Office building - Professional/medical office with recent upgrades and redevelopment potential.
Where is this office building located?
The property is located at 940 N New Street Bethlehem, PA.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Prime Downtown Bethlehem location ideal for professional or medical use; Recent significant suite and common area upgrades; Ample parking lot
