Renovated Court-Leased Office
For Sale
$749,900
1007 Union Boulevard, Allentown, PA 18109
COMMERCIAL - Allentown, PA
Property Size4,228 SF
Lot Size0.20 Acres
Price / SF$177.37
Days on Market200
Property Features for 1007 Union Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B-3
Zoning description
Commercial
Subdivision
Allentown City
Standard status
Active
APN
02 15 G10NW2D 004 002 B
Size
4,228 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Property Address: 1005-1009 Union Blvd /Tile Number: 476004B/School District: Allentown School District
Tax Annual Amount
13057
Legal Description
Property Address: 1005-1009 Union Blvd /Tile Number: 476004B/School District: Allentown School District
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1959
Floors in Building
1
Listing Agency:
Keller Williams Real Estate - Allentown · Keller Williams Realty
(610) 435-1800
Listed By:
Ayon A Codner · License #RS324477
(610) 435-1800
Added: Jan 12
Changed: Jun 15
Last Checked: Jul 31 at 6:06PM
MLS# PM-138232
Copyright © 2026 Pocono Mountains Association of 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.
This offering features a +/- 4,228 SF office building currently occupied by the district court under a long-term lease structure. The property has been fully renovated within the past five years and is maintained by the landlord. The lease is described as gross, with yearly increases, and the tenant has completed an initial five-year term and has signed an additional long-term lease with no plans to move.
The building is located at 1007 Union Boulevard in Allentown, PA 18109, on Union Blvd. The property is positioned on a busy roadway, with the listing noting it is just minutes from an upcoming $425 million Waterfront development on the Lehigh River’s western bank. The site is also described as being within zoning B-3 Highway Business.
From an ownership standpoint, the property is presented as suitable for 1031 exchange or cash buyers, based on the information provided. With an existing court tenant under a long-term gross lease and a condition profile that was renovated five years ago, the building may appeal to buyers seeking an income-producing office asset that continues operating under the current lease terms. After the remaining term, the listing notes B-3 Highway Business zoning allows redevelopment or other uses, subject to applicable requirements.
The building is located at 1007 Union Boulevard in Allentown, PA 18109, on Union Blvd. The property is positioned on a busy roadway, with the listing noting it is just minutes from an upcoming $425 million Waterfront development on the Lehigh River’s western bank. The site is also described as being within zoning B-3 Highway Business.
From an ownership standpoint, the property is presented as suitable for 1031 exchange or cash buyers, based on the information provided. With an existing court tenant under a long-term gross lease and a condition profile that was renovated five years ago, the building may appeal to buyers seeking an income-producing office asset that continues operating under the current lease terms. After the remaining term, the listing notes B-3 Highway Business zoning allows redevelopment or other uses, subject to applicable requirements.
Key Highlights
- Stable, long‑term tenant (district court) with a signed lease and no plans to move, providing consistent income.
- Favorable lease terms: 5‑year lease with a 5‑year option, gross lease with yearly increases.
- Strategic location on busy Union Blvd, near the upcoming $425 million Waterfront development.
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 | $33.0k | $7.80 |
| − Vacancy | −$2.4k | −$0.56 |
| EGI | $30.6k | $7.24 |
| − OpEx | −$7.7k | −$1.81 |
| NOI | $23.0k | $5.43 |
4,228 SF · lease $7.80/SF/yr · vacancy 7.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$327.9K
$286.9K – $382.6K
NOI $22,953 @ 7.0% cap · market cap 3.06%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$830.6K
$726.8K – $969.1K
NOI $58,143 @ 7.0% cap · market cap 7.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
719
Businesses Nearby
Explore this area
Business Placement
Demographics for 18109, PA
18,915
Population
7,395
Households
2.6
Avg Household Size
37
Median Age
19%
College-Educated
80%
High-School Grad
8.2 sq mi
ZIP Area
2,307
Density / Sq Mi
$55,437
Median Household Income
$36,632
Median Earnings
$1,239
Median Rent
$180,200
Median Home Value
Market
Properties on Market for Office buildings in Lehigh County
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Fully renovated office building leased to the district court, offering a stabilized, long-term gross lease structure.
Where is this office building located?
The property is located at 1007 Union Boulevard Allentown, PA.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: Stable, long‑term tenant (district court) with a signed lease and no plans to move, providing consistent income.; Favorable lease terms: 5‑year lease with a 5‑year option, gross lease with yearly increases.; Strategic location on busy Union Blvd, near the upcoming $425 million Waterfront development.
