Renovated Office
For Sale
$749,900
1007 Union Boulevard, Allentown, PA 18109
Commercial Sale, Allentown, PA
Property Size4,228 SF
Lot Size0.20 Acres
Price / SF$177.37
Days on Market292
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
Listed By:
Ayon A Codner · License #RS324477
(610) 435-1800
Added: Jan 12
Changed: Oct 8
Last Checked: Oct 31 at 11:06PM
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.
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Investment Insights
Based on property information with market context.
This office building contains approximately 4,228 SF and was constructed in 1959. The property underwent a full renovation 5 years ago and is described as meticulously maintained. Central heating and central air serve the building, with public water and public sewer in place.
The property is occupied by the district court under a gross lease with yearly increases. The lease includes a 5-year term and a 5-year option, and the existing tenant has completed 5 years and signed another long-term lease. Located on Union Boulevard in Allentown, the building carries B-3 Highway Business zoning, which supports a range of uses or potential redevelopment once the remaining term expires.
The property is occupied by the district court under a gross lease with yearly increases. The lease includes a 5-year term and a 5-year option, and the existing tenant has completed 5 years and signed another long-term lease. Located on Union Boulevard in Allentown, the building carries B-3 Highway Business zoning, which supports a range of uses or potential redevelopment once the remaining term expires.
Key Highlights
- Approximately +/- 4,228 SF office building
- Occupied by the district court under a gross lease with yearly increases
- 5‑year lease with a 5‑year option
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,953
Cap Rate
3.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$459,060
$459.1K
Cap Rate 7%
$327,900
$327.9K
Cap Rate 9%
$255,033
$255.0K
Market Conditions
NOI Build-Up for 4,228 SF
Gross rent
$33.0K $7.80/SF
− Vacancy
−$2.4K −$0.56/SF
EGI
$30.6K $7.24/SF
− OpEx
−$7.7K −$1.81/SF
NOI
$23.0K $5.43/SF
Area
Allentown, PA
Vacancy
7.20%
Lease Rate
$7.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$459,060
Cap Rate 7%
$327,900
Cap Rate 9%
$255,033
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
922
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
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - Occupied office property with a gross lease, annual increases, and a 5-year option.
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: Approximately +/- 4,228 SF office building; Occupied by the district court under a gross lease with yearly increases; 5‑year lease with a 5‑year option
